UPI has become part of economy and habit: PM

New Delhi, April 24 (Bureau) Prime Minister Narendra Modi said BHIM UPI has rapidly become a part of our economy and habits. “Now, even in small towns and in most villages people are transacting through UPI itself. A culture is also evolving in the country through Digital Economy,” he said. “In the small street shops digital payment has made it easy to serve more and more customers.

Now they don’t even have a problem of loose change. You must also feel the convenience of UPI in everyday life. Wherever you go… carrying cash, going to the bank, finding an ATM… the hassle is now over,” he said. He said the present, transactions worth about Rs 20 thousand crore rupees are taking place in India every day. “Last March, UPI transactions reached around Rs 10 lakh crores,” he said. “Due to this, convenience is also increasing in the country and an atmosphere of honesty is also being created,” he said. He said now many new start-ups related to Fin-tech are also coming up in the country and invited people to share their experiences related to power of digital payment.