Page 40 - Mann Ki Baat April 2022
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of the cashless and digital
economy is evolving throughout
the country. It is inculcating a habit
among the citizens to transact
through UPI. Even for the smallest
street vendors, the growth of
digital payment has made it
easy to serve more and more
customers. A number of Fintech
start-ups have mushroomed
around India that are playing their
part in improving the cashless
experience for the Indian citizens.
It is worth noting that digital
transactions worth Rs 20,000
Baat’ address on 24th April 2022 crore are now taking place
aptly summed up the rise of the every day in the country, which
cashless economy in today’s is not only increasing facilities
India, and the convenience that but also encouraging an
comes along with it. He narrated environment of honesty. In FY
the stories of vibrant young people 2020-21, UPI processed over 9
of the country who travelled in billion contactless merchant
and around the city and to the transactions with a total value
remotest of areas without the of over Rs 6 lakh Crore. UPI has
need to withdraw cash. Two young helped banks to reduce cash
women, Sagarika and Preksha requirements on channels like
experimented by spending ATMs and branches resulting in
an entire day in New Delhi a better customer experience. To
without transacting in cash. The streamline the foray of UPI into
prevalence of Unified Payments international markets, the National
Interface and QR Codes even at Payments Corporation of India
small food stalls and among street
vendors created a very seamless “I personally prefer to go
experience for the dynamic duo. cashless on most occasions.
Such positive experiences are not As our PM also asked us
only limited to metropolitan cities during his ‘Mann Ki Baat’
but can also be found pan-India. address to spend a day
Anandita Tripathi from Ghaziabad without any cash, I feel that
went on a vacation to North East it is the way forward.”
India and travelled to Meghalaya
– Dilip Verma
and Tawang in Arunachal Pradesh
Student, Delhi
without cash. A dominant culture
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