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The value of UPI transactions has seen a considerable rise, from Rs 1 lakh crore in FY 2017-18 to Rs 139 lakh crore in FY 2022-23, marking a CAGR of 168%.
UPI Security: Safeguarding transactions in the digital age financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hello, UPI! Voice-Enabled UPI Payments Launched For Enabling Seamless Digital Payments (How It Works?) - Trak.in trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
Users can now initiate and complete transactions even in locations with no connectivity, such as underground stations, distant areas, etc., This functionality allows users to send and receive money while fully offline.
While the Indian fintech industry has been growing over the last few years, there have been concerns over valuations, leading to slowdown in funding to the sector.
New UPI features: Conversational payments on UPI is a process where the user speaks to an AI-powered device, such as a smartphone, and requests it to conduct payments. A user will no longer need to input commands manually to transact through UPI. They can simply speak to the AI-powered solution to complete payments.
NPCI unveils a suite of digital-payment products thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.