Bhoomika Singh
Unified Payments Interface (UPI), launched in 2016 by the National Payments Corporation of India (NPCI), has gone a long way toward making digital payments a habit and firmly putting India on the path to a cashless economy. In October 2022, 365 banks were active on the UPI interface, with 7,305 million financial transactions totaling nearly Rs 12.11 lakh crores
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