Union Home Minister and Minister of Cooperation, Amit Shah, delivered a keynote address at the National Conference on "Tackling Cyber-Enabled Frauds and Dismantling the Ecosystem" in New Delhi, on Tuesday.
The next phase of growth in India's Unified Payments Interface (UPI) will come from frictionless biometric authentication and conversational "chat and pay" journeys, according to a report by Worldline, a global payment service provider.
Speaking to the media on the sidelines of the Global Fintech Fest 2025 in Mumbai, Nagaraju noted that while digital payment platforms, such as UPI, have experienced significant growth, there are still gaps that need to be addressed in rural connectivity and financial access.
Vikas Bansal, CEO of Amazon Pay India, highlighted the rapid growth and widespread adoption of digital payments across the country, noting a major shift in consumer behaviour toward cashless transactions.
New Delhi [India], September 20 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday said Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years.