Gpay, Paytm, PhonePe users alert! New UPI payment method will let you 'tap & pay'; check how it works
The customer’s device should have NFC capability for using Tap & Pay mode of payment
Source: businesstoday.in
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The customer’s device should have NFC capability for using Tap & Pay mode of payment
Payment through UPI has crossed a milestone of Rs 11 lakh crore in September, as per the data released by National Payments Corporation of India.
Anand Mahindra has shared a chart of countries that showed how consumers ‘pay’ around the world. It is perceptible that UPI has outshined other foreign payments like VISA in India to dominate the digital ecosystem.
Reserve Bank of India has introduced this new digital payment system to target over 40 crore feature phone users in the country.