Transforming India's Digital Payment Landscape

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Transforming India's Digital Payment Landscape

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pcd

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RU-56-02-0177-030922/FACTSHEET

UPI: Transforming India’s Digital Payment Landscape

Launched in 2016, UPI accounts for over 40% of India's digital

transactions, with 376 banks on board

BHIM (Bharat Interface for Money) - UPI introduced by the

Government in 2016 to facilitate e-payments directly through banks

Boost to small value transactions facilitating small / street vendors

Source: PIB, NPCI, PIB e-booklet

AKAM Series #56
September 03, 2022
AG/HP/RC/PPD

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Transforming India's Digital Payment Landscape

Uploaded by

Transforming India's Digital Payment Landscape

Uploaded by

RU-56-02-0177-030922/FACTSHEET

UPI: Transforming India’s Digital Payment Landscape

Launched in 2016, UPI accounts for over 40% of India's digital

BHIM (Bharat Interface for Money) - UPI introduced by the

Boost to small value transactions facilitating small / street vendors

Source: PIB, NPCI, PIB e-booklet

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