In India, the digital payment landscape has evolved significantly with the introduction of local products like UPI （Unified Payments Interface）. UPI allows users to link multiple bank accounts and make instant money transfers using a single mobile application. It supports peer-to-peer and peer-to-merchant transactions, making it a convenient and secure method for everyday payments.
Another popular local product is the RuPay card, a domestic card payment network. RuPay offers debit, credit, and prepaid cards, providing an affordable alternative to international card networks. It is widely accepted across India and promotes financial inclusion by catering to underserved segments of the population.
Additionally, the BHIM （Bharat Interface for Money） app, based on UPI, simplifies digital transactions with features like QR code scanning and quick payment requests. These products reflect India\“s push towards a cashless economy, enhancing transparency and efficiency in financial transactions. |
