Internet snags a deterrent for UPI, finds survey

Unified Payments Interface (UPI) has shortly change into ubiquitous with its availability all through platforms, and helpful and user-friendly interface. A modern look at by new-age lender NeoGrowth reveals a shifting sample amongst small-level retailers as correctly, with 72% preferring UPI transactions and solely 30% selecting cash or cheque.

However, the digi-lender’s data, shared fully with Mint, moreover found that the sample is uneven, with adoption seeing a drop in Delhi and Mumbai before now three years (the survey befell in October-December in 2019 and 2022). Internet factors and failed transactions have been the best hindrance for retailers throughout the micro, small and medium enterprises (MSME) sector.

As UPI continues to comprehend popularity, Mint examines the sample:

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