In the realm of digital payments, India has witnessed a monumental shift, spearheaded by the Unified Payments Interface (UPI). As of December 2023, UPI recorded a staggering 857 million transactions in the current financial year, a testament to its dominant role in India’s digital payment landscape, commanding an impressive 62 per cent market share in FY 2022-23. This surge in UPI transactions is a clear indicator of the country’s move.
The value of financial transactions using the Unified Payments Interface (UPI) has grown from Rs1 lakh crore to Rs139 lakh crore in the last five years
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The Union Home Minister said the Modi government promoted innovation, and entrepreneurship with Skill India and Start-up India, , start up, skill india, Start up India, amit shah, modi government
Union Home Minister Amit Shah on Wednesday said that Prime Minister Narendra Modi-led Central government made innovation and entrepreneurship integral to our ethos with initiatives like Skill India and Start-up India as well as spawned the world s third-largest start-up ecosystem in India that hosts 100 Unicorns and creates jobs in the last nine years of its regime.