Daijiworld Media Network - New Delhi

New Delhi, Oct 18: Around 85 percent of digital payment transactions in India are conducted through the Unified Payments Interface (UPI), positioning the country as a leading example in comprehensive, secure, and digital public platforms, Reserve Bank of India Governor Sanjay Malhotra has said.

Speaking at a high-level dialogue organized by the RBI on “Building Financial Resilience through Digital Public Platforms” during the Annual Meetings of the World Bank and International Monetary Fund in Washington DC on Tuesday, Malhotra highlighted the pivotal role of UPI in India’s digital payment ecosystem. He provided a brief overview of the digital infrastructure and its impact on financial inclusion, particularly emphasizing government transactions.

The

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