RBI governor meets stakeholders to further widen UPI reach

Last week, Das had said as much as 80% of all digital payments now take place through the UPI network, which has grown by a whopping 90-fold in the past 12 years.

MUMBAI: With as much as four-fifths of all digital transactions taking place through the UPI platform that has grown exponentially in the past decade, the Reserve Bank governor Shaktikanta Das and T Rabi Sankar, his deputy in charge of the payments department, on Wednesday met with all the major stakeholders in the payment ecosystem to discuss potential strategies and challenges to further expand its reach.