Vakil Virat’s Post

🌐 RBI and NPCI Working to Expand UPI to 20 Countries by 2029 🌐 Did you know that more than 40% of all payments done in India are digital, with UPI having a lion's share? 🚀 Building on its domestic success, India is planning to expand the UPI network internationally. By 2029, the RBI and NPCI aim to bring UPI to 20 countries, revolutionizing the way payments are made globally. #Share your #thoughts in the #comments below! 💬 Don't forget to follow Viwosoft Technologies for more updates on tech innovations. Please follow Vakil Virat Image Source: #socialmedia #DigitalPayments #UPIExpansion #RBINPCI #FinTech #GlobalPayments #TechInnovation #ViwosoftTechnologies #FollowUs #ShareYourThoughts

💳📈 India is witnessing a surge in UPI transactions, reshaping the way we handle money. From seamless payments to financial inclusion, UPI is driving the digital economy forward. A new era of cashless convenience is here! 💵📱 #CashlessEconomy #Fintech #EconomicGrowth #OnlinePayment #NMTechFest

UPI launched in 2016 since then, digital transaction has grown 17X! It's growth nothing short of a dream run! FY 2017-18 = 90 Cr number of UPI transactions FY 2022-23 = 8,375 crore number of UPI transactions Compound Annual Growth Rate (CAGR) of 147% Similarly, FY 2017-18  the value of transactions = Rs. 1 lakh crore t FY 2022-23 the value of transactions = Rs.139 lakh crore CAGR of 168% ! India leads the world in real-time payment transactions with 48.6 billion transactions in, far surpassing China, which is in second place! UPI has saved the Indian economy approximately $67 billion since its inception by reducing transaction costs and improving efficiency! Thank you for reading, Yashvardhan #DigitalPayments #FinTech #UPI #IndiaGrowthStory #CashlessEconomy #FutureOfPayments #india

#TechSparksMumbai2024 | UPI needs large amounts of investment to make it more inclusive in India, said National Payments Corporation Of India (NPCI) MD & CEO Dilip Asbe Banks and fintechs will have to make these investments, and that capital—along with digital payment incentives the govt has announced—will make the UPI infrastructure more inclusive, Asbe said. He contended that network effects will eventually make UPI all-pervasive, but to become truly inclusive in five years instead of 15, it'll require an influx of capital. Read more in the comments section below 👇 by Aparajita Saxena | #UPI #NPCI

#Digitaltechnologies are revolutionising #NewIndia's #fintech ecosystem, offering investors a compelling entry point into a market with over 350 Million unique UPI NPCI customers. Explore more at: http://bit.ly/fintech_02 #InvestInIndia #InvestIndia #DigitalTransactions #NPCI Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India National Payments Corporation Of India (NPCI) NITI Aayog

🚀 Exciting News Alert! UPI Goes Global! 🌍 🔹 Imagine paying with UPI beyond Indian shores! The future is here as Indians can now use UPI for transactions in multiple countries, as reported by The Times of India. 🔹 Seamlessly conduct transactions abroad, tapping into the power of UPI's simplicity and efficiency. No more hassle of currency conversions or traditional banking processes! 🔹 This expansion marks a significant milestone, showcasing the global relevance of India's fintech prowess. UPI isn't just a local phenomenon; it's a game-changer on the international stage! 🔹 From Mumbai to Manhattan, Delhi to Dubai, UPI is revolutionizing cross-border payments, making transactions smoother and more accessible for Indians worldwide. 🔹 Let's celebrate this leap forward in digital payments innovation and look forward to a future where UPI transforms the way we transact globally! 💳✨ #UPI #GlobalPayments #FintechInnovation #DigitalTransformation #npci #india #indianeconomy #economy #banking #bankingtech #fintech #fintechinnovation #upipayments #finance #bankinginnovation #bankingking #bankingindustry #paymentsolution #digitalindia #paymentinnovation #linkedin #linkedincommunity #linkedinbusiness #digitalpayments

And yet we're perceived as a developing country? India is far ahead when it comes to technology, especially considering it serves a population of 1.3 billion, compared to just a few million in most developed countries. In the next 10 years India will be the leading country in the technology and space sector, with the large number of young work force.

"Embark on a revolutionary journey in Fintech! We're thrilled to announce the commencement of our 1st batch of "Advance Certificate on Fintech" by BFSI Board, ICMAI, today on 15th November 2024, auspiciously coinciding with Guru Nanak's Birth Day and Kartick Purnima. Special Thanks to Sri NDSV Nageswara Rao, GM SBI for inaugurating the course. This course promises to equip you with cutting-edge knowledge and skills in Fintech. Join the fintech revolution and unlock new opportunities! #Fintech #ICMAI #BFSI #GuruNanakJayanti #KartickPurnima #FinancialInclusion #DigitalTransformation"

India's Fintech Footprint Goes Global! UPI is making waves worldwide as its internationalisation accelerates. With RBI highlighting this progress, India is setting an example in creating a cashless, digitally empowered economy. Together, we’re reimagining global transactions and driving financial inclusion. #UPI #GlobalPayments #FinancialInclusion #DigitalIndia #FintechRevolution

#GrowWithIndia The #digitalpayments market in #NewIndia is expected to show 3x growth from 2022-2026, strengthening the country’s position as a global fintech superpower. Explore opportunities in the sector on #IIG at bit.ly/Home_IIG #InvestInIndia Invest India Department for Promotion of Industry and Internal Trade