Since November 2017, the UPI platform has beaten mobile wallets hands down in terms of the value and volume of transactions
Mumbai: Digital transactions got a leg-up post demonetisation, in turn giving a boost to mobile wallets, or e-wallets, and the Unified Payments Interface (UPI) platform. While mobile wallets dominated the market immediately after the cash ban, since November 2017, the UPI platform has beaten e-wallets hands down in terms of the value of transactions. Also, the volume of UPI transactions has been steadily increasing; though the volume of mobile wallet transactions is still higher, UPI volumes have recorded higher growth month-on-month.
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