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Why do SBI, HDFC, and ICICI Bank have rock bottom market share in UPI? - Vimarsana News

Why do SBI, HDFC, and ICICI Bank have rock bottom market share in UPI?

"The banks are a bit reluctant to create a dedicated UPI app. They have mobile banking apps, offering a whole gamut of banking services, including payments, "says Mihir Gandhi, Payments Transformation Leader, PwC India.

BT Poll: UPI shines on India's digital payments map - Vimarsana News

BT Poll: UPI shines on India's digital payments map

As debit cards and credit cards are linked to UPI apps as well following the integration with bank accounts, is it fair to say that UPI has disrupted the payments space?