Case study;UPI revolution in India
Introduction and Background UPI is a real-time, bank-to-bank payments system that enables transfers using a Virtual Payment Address (VPA). Developed by NPCI and regulated by the Reserve Bank of India, UPI simplified peer-to-peer (P2P) and peer-to-merchant (P2M) payments via interoperable apps and QR codes. Since its public launch in 2016, UPI expanded rapidly from a …