Aadhaar Pay yet to find base in India
Going beyond knowing your customer (KYC) application, have payments via Aadhaar taken off? According to recent figures, a majority of Indians are still using Aadhaar only for e-KYC verification and not day-to-day payments.
Data from National Payments Corporation of India (NPCI) also shows that transaction gateways like Unified Payments Interface (UPI), which was launched a full year after Aadhaar Pay, are showing faster growth and are processing three times higher volumes and transactions.
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