Digital payments have grown significantly in recent years. New options such as UPI, digital wallets, and prepaid cards have increased availability to more people. UPI transactions have grown tremendously due to their convenience and ease of use. The National Payments Corporation of India (NPCI) has launched new regulations to increase the safeguards for digital companies and consumers. With these measures in place, digital payments are expected to grow more, making it easy for the world to transact digitally.
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