It may seem unusual that India, a country where hundreds of millions of citizens lacked access to formal banking as recently as 15 years ago, could build a payment infrastructure that many of the world’s wealthiest economies have yet to match
India’s digital payments platform Unified Payments Interface recorded 27% annual growth in February transaction volumes, reaching 20.39 billion, as per National Payments Corporation of India data, strengthening its global expansion and dominance over cash transactions domestically
