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by gmerc 1025 days ago
Jiophone helped a lot
2 comments

Jio's push for 4G and unlimited data packs helped a lot as well. Pre-jio, internet was too expensive, unreliable, and slow to use frequently.

I'm amazed by their recent 5G coverage in the country too. Getting unlimited 1gbps in a lot of tier 2 and 3 cities at $3.5 a month. Unbelievable

Pulling currency from circulation overnight also did.
Not so much, actually. What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it.
> What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it.

That timeline doesn't make sense. UPI was already a spectacular success by 2019.

In 2019 it was gaining traction, as the article shows the volume of transactions were around 1 billion per month in March 2019.
the opportunity to mine all this data by the government for any policy or intervention cannot be underestimated.
This is inaccurate. COVID solidified what was already growing in usage. The really stupid demonetisation exercise was the main factor
Good point.