Contribution UPI Make towards Making Cashless Economy

Among many innovations in the financial sector, Unified Payment Interface UPI, in short, is the best one so far which truly add value to the real growth of the economy. If taking the RBI estimates then 18% people still dependent on the currency which is quite shameful compared to other developed countries. This put up a question what privilege people are utilizing after living in a developed country? The motivation to adopt new technology doesn’t make us instill until we didn’t see its growing impact from our eyes. This is the reason online payment in the initial period didn’t receive that much response that it received in present. All thanks to the advent of the Unified Payment Interface which enables India to take a step forward for becoming one of the cashless economies.

This interface eases the payment process without charging a paisa for fund transfer. This is the only … Read More