Use UPI’s Digital Footprints To Expand Business Prospects: FM To Banks

Use UPI’s Digital Footprints To Expand Business Prospects: FM To Banks

SUMMARY

Finance minister Nirmala Sitharaman the crucial role UPI plays in shaping the future of India’s banking sector.

She urged banks to leverage the digital footprints created by UPI to grow their business.

The FM highlighted that India accounts for 45% of all real-time payments globally and asked banks to seize this opportunity.

Finance minister Nirmala Sitharaman has called on Indian banks to use the digital footprints generated by the Unified Payments Interface (UPI) to expand their business prospects.

Speaking at the 90th Foundation Day of the Bank of Maharashtra in Pune on Thursday (19 September), Sitharaman emphasised the crucial role UPI plays in shaping the future of India’s banking sector.

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