19th November 2021 (5 Topics)
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Digital Transactions through Unified Payments Interface
Explain the reasons behind Unified Payment Interface transactions have increased in India. Also, analyse its impact on Indian consumers. (250 Words)
Approach:
- Introduce by giving a definition of Unified Payment interface
- Enumerate the reasons behind increase in UPI transactions
- Enumerate the positive impact of UPI on consumers
- Enumerate the negative impact of UPI on Consumers
- Way forward and Conclusion
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