North India Statesman
[ad_1]
Do you remember the last time you withdrew cash for something small? Might not even remember. From tea stall to shopping mall, today the same voice echoes everywhere – “Scan and make payment.” This is the power of UPI, which has changed the way of money transactions in India.
This is not a small revolution. Your eyes will be wide open after seeing the figures. In the year 2024, we Indians will use UPI Rs 246.8 lakh crore Have transacted. Understand it this way, five years ago this figure was only Rs 18.4 lakh crore. That is, in such a short time, UPI has started running like blood in our veins.
Not only money, habits also changed
It is not just about the money sent. While in 2019 there were about 1,000 crore transactions through UPI, in 2024 this number will increase like a rocket. 17,000 crores Has reached beyond. This shows that now it is not just a fashion in cities but has become a habit in every village.
Why did UPI become such a hit?
The secret of its success lies in its simplicity:
- Very easy: Just took out the mobile, scanned the code and the payment was done. No hassle of counting notes, no fight over change.
- Superfast: Money moves from one account to another in the blink of an eye.
- 24×7 operational: Be it midnight or four in the morning, UPI never sleeps.
Now UPI is not limited to just sending money to friends. Today people are using it to buy vegetables, pay electricity bills, pay shop rent and even make big business deals. Big states like Maharashtra, Karnataka and Uttar Pradesh are at the forefront in its use.
What else is special in the future?
The story of UPI does not end here. In the coming time, facilities like UPI Lite (without PIN for small payments), payments abroad and borrowing through UPI like credit cards are going to make it even more powerful.
Today India’s UPI has made its mark as the fastest and most popular real-time payment system not only in the country but also in the entire world. This is truly an Indian invention of which we can all be proud.
