Global cashless payment volumes are set to increase by more than 80% from 2020 to 2025.
The Asia-Pacific will grow fastest, with cashless transaction volume increasing by 109% from 2020 to 2025.
One of the fastest-growing modes of payment in the southern part of Asia is the UPI. Built in India, the UPI is the software middleman processing 2.73 billion transactions, amounting to Rs 5.04 trillion so far.
UPI empowers users to perform instant push and pull transactions seamlessly, transforming the way people make payments.
Do you order your Friday night pizzas through UPI transactions?
Swipe to explore more about how UPI works.