India to become world leader in UPI payments volume in next 5 years: Report

What makes India a potential leader is its payments modernization initiatives in the wake of demonetisation, giving it an edge over other nations.

Current Affairs : The requirement for computerized installments has never been so tangible as during the Covid-19 emergency. While India keeps on fighting the pandemic by being agonizingly low on wellbeing assets, it is assessed that the country will be driving all around with regards to ongoing installments volume.

The ‘Prime Time for Real-Time’ report by ACI Worldwide Research features that India is ready to lead the world in the following five years continuously installments volumes as constant installments exchange volumes are set to develop from 15.3 billion out of 2019 to an amazing 52.8 billion of every 2024.

What makes India a potential chief is its installments modernization activities in the wake of demonetisation, giving it an edge over different countries. The report originates from an industry-first research and examinations constant installments volumes, development and elements across 30 worldwide markets.     Continue Reading

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