2020 in review: Big policy initiatives in digital payments that could shape lives in 2021 and beyond- Technology News, Firstpost
percent in volume (approx. 5.93 to 34.35 billion transactions) and value (approx. Rs.920.38 to Rs.1,623.05 trillion) respectively over the last five years (March ‘15-’20). The RBI’s persistent steps furthering digital payments have supported last year’s challenges and forced wide-spread digitization. The key initiatives last year, and their impact in the new year, are looked at here. 1. The changing face of UPI- Zero MDR, new revenue streams and the 30% cap Last year started with zero MDR's implementation, changing UPI’s revenue potential and converting a previously incentive-ba...
Source: firstpost.com