"We are excited to associate with HMD Global in bringing UPI 123PAY functionality to Nokia feature phones," NPCI Chief Operating Officer Praveena Rai said.
Since its inception in 2016, UPI has witnessed massive acceptance, which has been spurred by the outbreak of COVID-19 pandemic
NPCI has lined up two key tasks in its payment system offerings—UPI 123Pay on feature phones and enabling the offline mode of functioning for smartphones
The payments system crossed the 500-crore mark in volumes for the first time in March
For the first time, NPCI has shared granular data on the share of different transactions amount in monthly UPI volumes and values.