India’s ecommerce market to reach $150 billion by 2026 fuelled by rise in UPI transactions: report

As unified payments interface (UPI)-based transactions continue to break all records, India’s ecommerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, suggests a report titled ‘2023 Global Payments Report’ from global financial technology leader FIS