In India, there are various local payment methods that have gained popularity among consumers. One such method is the Unified Payments Interface （UPI）, which allows users to transfer money instantly between bank accounts using a mobile platform. UPI has revolutionized digital payments in India, making transactions seamless and accessible to a large population.
Another prominent local product is the RuPay card, which is an Indian domestic card scheme. It was launched by the National Payments Corporation of India （NPCI） to provide a low-cost debit and credit card service. RuPay cards are widely accepted across the country and have helped in promoting financial inclusion.
Additionally, mobile wallets like Paytm, PhonePe, and Google Pay are extensively used for everyday transactions. These wallets support various services, including bill payments, recharges, and online shopping, catering to the diverse needs of Indian consumers. |
