Bill Gates Showers Praise On India's UPI Payments And Other Innovations
Since the banknote demonetisation in India in 2016 the digital payments and Unified Payment Interface(UPI) payments usage has picked up massively across the country.
Talking about India's digital payment policies, American business magnate and philanthropist Bill Gates heaped praises at the Singapore Fintech Festival which was held on Tuesday.
Bill Gates lauded the digital payments platform of India and said with this the process of transferring money to bank accounts and sending money to others has been simplified.
Adding further, Bill Gates said people who want to study one country other than China, then they should consider India. Innovation in the country is just phenomenal.
He went on to say that, the affordable prices of smartphones and data charges in India played a prominent role in the massive rise of digital payments in the country.
Going by the figures, Google Pay and PhonePe hold a lion share in the Unified Payments Interface (UPI) market. The app duo accounts for not less than 80 percent share in the UPI market.
Talking about India's digital payment policies, American business magnate and philanthropist Bill Gates heaped praises at the Singapore Fintech Festival which was held on Tuesday.
Bill Gates lauded the digital payments platform of India and said with this the process of transferring money to bank accounts and sending money to others has been simplified.
Adding further, Bill Gates said people who want to study one country other than China, then they should consider India. Innovation in the country is just phenomenal.
He went on to say that, the affordable prices of smartphones and data charges in India played a prominent role in the massive rise of digital payments in the country.
Going by the figures, Google Pay and PhonePe hold a lion share in the Unified Payments Interface (UPI) market. The app duo accounts for not less than 80 percent share in the UPI market.