‘Not just B2C but B2B transactions also spurred UPI adoption’

Ashraf Engineer

August 9, 2023

UPI payments accounted for 52% of the 8,840 crore digital transactions with a value of Rs 126 lakh crore in FY2021-22. In FY2018-19, UPI accounted for only 17% of India’s 3,100 crore digital transactions. Rohit Taneja, founder of Decentro, an API platform for banking integrations, talks to All Indians Matter about how UPI has changed financial transactions and, by extension, the larger economy.