India is living in the future in terms of the instant payment system, we left the US, the UK, and Australia far behind. Thanks to UPI and its lightning-fast transfer speed. It feels like it was with us since inception!
Did you know, when you send Rs. 1000 to someone, Rs. 2.5 has to be incurred by the platforms to provide you with a seamless ecosystem. So, as there are no free lunches.
The question now is - who’s earning in this ecosystem and why is the government ready to spend from its pocket?
We tried to cover everything about UPI and its growth opportunities in this blog.
PS: UPI is not killing the toffee business! (As twitter debates)
Do let us know what are your thoughts on this.