UPI dominates as India records 88 bn payment transactions, valued at Rs 150 tn in 2022.

UPI dominates as India records 88 bn payment transactions, valued at Rs 150 tn in 2022.

[ad_1] New Delhi: Led by Unified payments interface (UPI), payment modes like debit and credit cards, prepaid payment instruments – mobile and prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion in 2022, a report showed on Monday. The UPI Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with…

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