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Unified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month. And with the festive season not too far away, one can only expect it to grow more in the coming months. But what does this 10 billion really mean — and how did we get here?
Its still not clear whether the new CEO will lead ANI Technologies, the incorporated entity that runs Ola Cabs and its subsidiaries, including Ola Financial Services, or just the core cab hailing business.
India's economy is showing resilience and stability amidst global uncertainty, with a projected 6.5% growth forecast for FY24. The government aims to become the second-largest economy by 2047, focusing on infrastructure development, commerce and connectivity, sustainable development, financial inclusion, and digitalization. India's initiatives in these areas have already yielded positive results and can serve as models for other countries. Cooperation and collaboration among stakeholders will be crucial for India to realize its growth potential.
The German Embassy in India took to micro-blogging platform and shared pictures where Wissing can be seen using the Unified Payment Interface to make a payment.
As per the embassy Germany's Federal Minister for Digital and Transport Volker Wissing was able to experience the simplicity of digital payments first hand and is very fascinated