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Tag: Unified Payment Interface (UPI)
UPI 123Pay: The four-leaf clover for feature phone-based payments in India?
UPI broke all records in August 2023. It observed 10.586 billion transactions that amounted to INR 15 trillion (~USD 189.64 billion). It has become the preferred payment choice for digitally-savvy Indians. However, it cannot reach the feature phone users. Its penetration is limited to urban segments with high usage of smartphones and mobile Internet. India is home to 400 million feature phone users. These users have limited avenues for digital transactions. They largely depend on physical access points for financial transactions. This blog discusses an innovative offline payment solution, UPI 123Pay, and its immense potential to bring digital payment convenience to the underserved segment.
Oct 10, 2023
India’s enabling triangle for financial inclusion
The blog discusses that successful efforts to foster financial inclusion involves three inter-related and mutually-reinforcing components.
Sep 26, 2018
Can instant messenger disrupt the digital payments market in India?
This post attempts to cover the details of how WhatsApp can possibly simplify the user experience while making digital payments in India.
May 24, 2017