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Why is P2P more successful in India than in Africa (eg. South Africa)? Serious question and TIA for anyone with insight.
by ak39 6y ago
Why is P2P more successful in India than in Africa (eg. South Africa)? Serious question and TIA for anyone with insight.
- searchableguy 6y agoThe single biggest contributor to the rise of UPI was demonetization and the significant push from companies & banks by offering discounts and removing transaction charges until recently.
- ffpip 6y agoReliance Jio gave everyone free internet. Hundreds of millions of Indians came online. More people started using UPI due to it being easy, no lock-ins, and digital. Then demonitisation happened in a week. The rest is history.
- sreejithr 6y agoDemonetization 2016
- acd10j 6y agoThere was very little effect of Demonetization on UPI adoption, Growth rate of UPI was already very good before demonetization , Very little effect of Demonetization on it's adoption, Covid-19 actually gave more boost to UPI adoption of late. Don't any believe lies propagated by ruling parties.
- ptm 6y agoIn India, there are many marginal businesses which are not registered as a business. I expect a lot of P2P payments to be Peer to unregistered business.