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From UPI To 'Techade': India's Digital Renaissance Unveiled
Storizen
|August 2023
The tale of UPI's transformative impact on India's digital payment landscape is an open secret. Swiftly, UPI ushered in a revolution in payments, etching its triumph in the fact that within a mere 18 months, more Indians embraced it than signed up for credit cards over the past 18 years.
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However, UPI's triumph was not an isolated phenomenon. India also bore witness to the rise of digital direct benefit transfers, interconnected e-governance systems, and digital public infrastructure. These innovative solutions prompted Prime Minister Modi to dub this era as 'India's Techade'.
Delving deeper into this term, during the unveiling of 'India's Techade', a book penned by esteemed political scientist and author Nalin Mehta, Piyush Goyal, the Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, articulated, "Today, we bask in the global spotlight for our strides in digital payments and digital public goods, subjects that have captured the world's attention."
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