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UPI Sees Growth After Declining for Two Months

In 2016, UPI was the first initiative in the world where a government body created a Visa/Mastercard/SWIFT-free retail payment system that used bank accounts directly. In a short period, the payment system changed how Indians transacted and, as a result, saw incremental growth, but in March and April, the growth declined drastically. What happened? Why did it happen?

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