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0 pointsmavelikara2y ago0 comments

Pulling currency from circulation overnight also did.

0 pointsmavelikara2y ago0 comments

Pulling currency from circulation overnight also did.

0 comments

5 comments · 1 top-level

hiyer2y ago· 4 in thread

Not so much, actually. What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it.

> What really led to the rapid uptake of UPI was Covid and people's reluctance to handle cash as a result of it.

That timeline doesn't make sense. UPI was already a spectacular success by 2019.

In 2019 it was gaining traction, as the article shows the volume of transactions were around 1 billion per month in March 2019.

This is inaccurate. COVID solidified what was already growing in usage. The really stupid demonetisation exercise was the main factor

Good point.

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