4 ms·

Jiophone helped a lot

• mavelikara 3y ago
  Pulling currency from circulation overnight also did.
  • hiyer 3y ago
    Not so much, actually. What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it.
    • unmole 3y ago
      > What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it. That timeline doesn't make sense. UPI was already a spectacular success by 2019.
      • sateesh 3y ago
        In 2019 it was gaining traction, as the article shows the volume of transactions were around 1 billion per month in March 2019.
        • uwagar 3y ago
          the opportunity to mine all this data by the government for any policy or intervention cannot be underestimated.
    • mavelikara 3y ago
      Good point.
    • vijaybritto 3y ago
      This is inaccurate. COVID solidified what was already growing in usage. The really stupid demonetisation exercise was the main factor
• searchableguy 3y ago
  Jio's push for 4G and unlimited data packs helped a lot as well. Pre-jio, internet was too expensive, unreliable, and slow to use frequently. I'm amazed by their recent 5G coverage in the country too. Getting unlimited 1gbps in a lot of tier 2 and 3 cities at $3.5 a month. Unbelievable