3 ms·

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