Russ Shaw Urges UK To Take Cues From India’s Mobile Payment Success With UPI
Despite being known as the fintech hub of the western world, London’s reliance on cash and cards for payments may come as a surprise to those travelling from India. Google Pay and Apple Pay have limited support in the city, with credit and Oyster cards being the primary modes of payment. In contrast, the use of UPI-based mobile payment apps has surged in India, impressing attendees at London Tech Week 2023 with the ease of making transactions, even for small amounts, using just a smartphone and a bank account. WATCH…
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