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Monday 28 October 2019

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UPI hits 1 billion transactions in October, plans to go global

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Three years after its launch, Unified Payments Interface (UPI) hit a landmark of one billion transactions in September, also becoming the fastest adoption of any payments system in the world. GooglePay, Paytm and PhonePe dominate UPI market with their aggressive enrolling of small merchants. UPI waiving merchant fees for payments up to Rs 100 helped enabled faster adoption.

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