Google, Walmart help drive India payments past 1 billion transactions

Indian digital payments took off when the govt pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in to curb corruption and push Indians away from cash. UPI has now surpassed a 100 million users 3.5 years after its launch, thanks to booming smartphone use and wireless data rates among the lowest in the world.

from Banking/Finance-Industry-Economic Times https://ift.tt/2q9L2OI