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UPI to see growth in the ‘phygital’ space in a post-covid world: NPCI

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Several digital payment fintechs are now starting to equip merchants with online payment services, where neighbourhood store owners can send an SMS, which carries a UPI-payment link and guides users to the UPI app installed on their phone BENGALURU : Retail payments organisation National Payments Corporation of India (NPCI) on Thursday said that the relevance of Unified Payments Interface (UPI) will grow in the ‘phygital’ world, combining the physical and digital space, in a post-covid world, with increasing relaxations being witnessed in India’s lockdown. “As merchants and users avoid crowding in shops and neighbourhood stores, merchants will start taking and managing orders digitally, while requesting for payments online remotely.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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