UPI to account for 90% of retail digital payments by 2026-27: Report

UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.

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