How India’s Digital Payment Revolution is Inspiring the World
GS Paper 3 Syllabus: Banking/ Financial Inclusion Source: PIB, Forbes, PIB Context: In January this year, about eight billion (800 crores) transactions worth nearly $200 billion (Rs. 2 lakh crores approximately) were carried out on the Unified Payment Interface (UPI) What is Digital Payment System? A digital payment sometimes called an electronic payment, is …
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