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by hiyer 1024 days ago
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.
3 comments
unmole 1024 days ago
> 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.

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sateesh 1024 days ago
In 2019 it was gaining traction, as the article shows the volume of transactions were around 1 billion per month in March 2019.
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uwagar 1024 days ago
the opportunity to mine all this data by the government for any policy or intervention cannot be underestimated.
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vijaybritto 1024 days ago
This is inaccurate. COVID solidified what was already growing in usage. The really stupid demonetisation exercise was the main factor
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mavelikara 1024 days ago
Good point.
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