Financial Management and Risk
India Goes Nearly Cashless as UPI Becomes Operating System for Money
As paper instruments phase out, cards, NEFT, and NACH play second fiddle to UPI in one of the world’s fastest-scaling payment ecosystems.
As paper instruments phase out, cards, NEFT, and NACH play second fiddle to UPI in one of the world’s fastest-scaling payment ecosystems.
Lalitha Nataraj, managing director and CEO of NPCI BHIM Services, said new tools such as split expenses, family mode, and UPI circle are helping broaden adoption and extend digital payments beyond urban centers