Shriram One: A Quick Overview

Most of us have used the UPI QR (quick response) code in our day-to-day financial transactions. However, what seems like a useful facility today would have been in the realm of science fiction a few years back.

According to Future Market Insights, a market research organisation, the rising number of smartphone users with access to the internet in India has contributed to the expansion of the QR code payment market in India.

According to a recent Capgemini research, with 75% of Indian consumers adopting digital payments in India, India has already recorded the highest spike in digital payments during COVID-19, the global average being much lower at 45%! This spike has also led to exposed vulnerability in this space, with over 3.5 lakh cybersecurity incidents in July and August, 3X as compared to the first 3 months of 2020! One of the leading online payment methods adopted across the country is UPI.

Are you interested in tapping into instant and secure digital money transfers? Look no further than UPI – Unified Payments Interface. It is a revolutionary payment system operated by NPCI, or National Payments Corporation Of India, that has made it easier for individuals to send and receive payments using their smartphones.