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UPI QR transactions rise by 33pc at retail stores in Bharat: PayNearby
The Statesman Siliguri
|December 24, 2024
Unified Payments Interface (UPI) transactions at retail stores have witnessed a spike of 33 percent, underscoring the growing adoption of digital payments beyond Tier II regions in the country, a recent report has said.
PayNearby, in its latest data report titled 'Retail-O-Nomics' highlighted that the acceptance of mPOS services grew by 11 percent among new retailers, reflecting an increasing preference for advanced payment technologies.
The report highlights an impressive 297 percent in volume across credit products, including business loans, gold loans, personal loans, and revolving credit.
This significant uptick reflects a growing awareness and demand for credit solutions at the grassroots level.
Further, the report said the Insurance policy purchases and premium collections saw a 127 percent increase in transaction volume and a 96 percent growth in new customer adoption.
Denne historien er fra December 24, 2024-utgaven av The Statesman Siliguri.
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FLERE HISTORIER FRA The Statesman Siliguri
The Statesman Siliguri
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