How India Revolutionised its Digital Payment System

As part of my internship program at HackerNoon, I have to write an article a month to develop my writing skills. Since I already maintain my personal blog, I decided to do something different. I thought about writing about technologies and innovations that interests me the most.

United Payment Interface or UPI is India owed payment gateway that has changed the way Indians looked at digital payment. In just a few years, UPI has surpassed global giants like Visa and MasterCard and now it's planning to enter the global market.

In this story, I have explained how it happened.

Read it Here

You can read the full story on my personal blog.

Since I have tried something new, I would love to hear your opinions and suggestions!

TL;DR

Here's a TL;DR if you don't have 10minutes to spare :)

India has developed a system that allows the transaction of money in no time without any transactional fees. UPI has surpassed global giants like Mastercard, Visa and has also outpaced traditional methods like E-wallets and net banking. It became so successful that Google recommended to US Federal Reserve Board to develop a UPI-like real time payment solution for the USA. In just five years, the system has revolutionized the way Indians use digital payment systems. UPI is available from any part of the country's government.