December 8, 2024 12:51 PM
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India’s UPI succeeded in increasing financial inclusion and promoting equitable economic growth
India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth. According to a new study by IIM and ISB, UPI has enabled underserved groups, including subprime and new-to-credit borrowers to access formal credit for the first time. Th...