2017 year-ender: Digital payments

The cash-crunch following demonetisation has written a great story for the digital payments space

The cash-crunch following demonetisation complemented by the government’s digital push has written a great story for the digital payments space in India over the past year with success stories, new regulations and changing dynamics.
 

UPI

 
While the United Payment Interface (UPI) shows multifold growth in both volume and value, the government’s dominating share with the BHIM app saw a decline with the entry of Google Tez while existing player PhonePe also increased its market share.

 

M-wallets and