Funding taps are now open for a host of ventures from banking to used car sales and supply chain management firms
Sales take off as startups promote digital gold as an easy investment option
A consumer paying through Google Pay currently has to use UPI, which is connected to a specific bank account.
In terms of value, credit cards were ahead at more than $10 billion compared with slightly less than $8 billion for debit cards.
Unorganised merchants on Paytm network a big draw for Visa to grow business.
Top executives at real estate startups as well as digital payments firms said that an increasing number of consumers are opting for online methods of paying monthly rents.
The cost of acquiring customers has increased significantly also due to higher borrowing costs. That has made fintech lending startups risk-averse.
Visa, which is one of the largest card schemes globally, has been bringing in innovation to help India in its cashless journey.
With peer-to-peer payments, company plans to offer entire suite of products to its UPI users.
The number was more than 24,000 for issues around debit cards and ATMs and 12,000 regarding issues around credit cards.
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