UPI beats debit, credit cards to become India's most preferred payment mode2 min read 27 Feb 2020, 03:45 PM IST
UPI is perhaps the fastest product to hit 1 billion transactions-a-month in 2019
Digital payment products are being primarily utilised for person-to-person transactions than person-to-merchants transactions
NEW DELHI : Unified Payments Interface (UPI) remained the most preferred mode of payment in terms of volume followed by debit cards, Immediate Payment Services (IMPS) and credit cards, said a new report on Thursday. UPI recorded a transaction volume of 10.8 billion in 2019, a year-over-year increase of 188 per cent, said the report from payments company Worldline India (WI).
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