UPI empowered marginal borrowers, boosted credit access: Study

A research paper revealed UPI's transformative impact on India's financial landscape. Since its 2016 launch, UPI has facilitated seamless digital transactions for millions, becoming the dominant retail payment method. This widespread adoption, fueled by affordable internet access, has boosted credit access, particularly for underserved borrowers, while maintaining low default rates. The success story holds global implications for digital finance.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ht9sCQT