With P2P transactions in place, UPI players shift focus to merchant space

NPCI is said to be running a pilot on proximity payments through UPI, which can invalidate the need of PoS machines for card-based payments

While United Payments Interface (UPI) players have established their foothold in peer-to-peer transactions, they are now focusing on boosting merchant transactions.

The National Payments Corporation of India (NPCI) is reported to be working on two developments in UPI – UPI 2.0 and Proximity payments. While the previous developments were focused on strengthening the general infrastructure of the network, the new developments seem to be targeted at increasing peer to merchant (P2B) transactions. 

Both UPI 2.0 and proximity payments geared towards merchant payments as it would allow a person to make payments without manually typing