UPI Growth Impacts Debit Card Usage in India

Think of UPI and debit cards as different ways to pay.

UPI is becoming super popular in India, like a favorite toy.

UPI payments have grown a lot, while debit card payments have slightly shrunk.

The shift shows how digital payments are changing.

UPI is now used way more often than before, replacing cash and affecting how people use debit cards.

Banks are seeing these changes, with some sending more UPI payments and others receiving more.