 
                  
UPI sets new record with 11.4 billion transactions in October
The mobile payments platform Unified Payments Interface (UPI) has crossed a staggering 11.4 billion (1,140 crore) transactions in October.
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The mobile payments platform Unified Payments Interface (UPI) has crossed a staggering 11.4 billion (1,140 crore) transactions in October.
 
                  
The government articulated that it would prefer the companies to be managed by current promoters. However, it plans to liquidate its role in future.
 
                  
IT Minister Ashwini Vaishnaw encouraged the banking industry to create an innovative digital platform like UPI for providing quick and easy credit.
 
                  
Wherein some economies have started to adopt the AI, other emerging economies are still trying to cope up with the previous legacies to create their brand names, among others.
 
                  
 
                  
 
                  
 
                  
 
                  
PhonePe like its competitors, allows users to exchange money and recharge mobile. It also provides services like utility payments and market investment. The app has launched a ‘Switch’ platform which allows customers to make payments for apps like Ola, IRCTC, and Oyo.
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