This achievement underscores India's rapid advancement in digital payment solutions, surpassing other nations in mobile wallet adoption.The report suggests that the trend of increasing mobile wallet usage is also evident across the Asia-Pacific (APAC) region.
Foreign Secretary Vinay Kwatrasaid that discussions are underway between India and Oman on utilising UPI stack, and Rupee trade between the 2 countries
Rajeev Chandrasekhar explained that "This new Bill after it is passed by Parliament, will protect the rights of ALL citizens, allow the innovation economy to expand and permit Govt's lawful n legitimate access in national security and emergencies like pandemics and earthquakes etc."
Digital India has propelled a multitude of notable initiatives, yielding extraordinary outcomes across diverse spheres. Foremost among these accomplishments is the laudable feat of ameliorating the urban-rural digital divide.
Aadhaar-based face authentication transactions for service delivery are gaining robust momentum with monthly transactions in May touching an all-time high of 10.6 million
A report by Boston Consulting Group and PhonePe says that India's digital payment market will rise over 3 times in 3 years to reach $10 trillion in 2026