UPI to stay on top; BNPL, digi currency to drive digital payments growth in next 5 years: Report

Retail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods such as BNPL and digital currency are expected to define the future of payments, a study has said. Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank Digital Currency (CBDC) and offline payments will drive growth of digital payments in India in the next five years, PwC India said in a report.

from Banking/Finance-Industry-Economic Times https://ift.tt/IikKf5L