UPI’s New Features such as ‘UPI Circle’ Threaten Debit Card Usage Amid Decline
Major UPI service providers, including Amazon Pay, Google Pay, PhonePe, and the National Payments Corporation of India’s Bharat Interface for Money (Bhim), are currently piloting the UPI Circle feature and are expected to launch it soon. Additionally, the advent of UPI ATMs, which facilitate cardless cash withdrawals and deposits, is anticipated to lower operational costs …
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