The Indian digital payments sector will grow to $10 trillion by FY 2026, claims a Business Standard research. Digital payments have multiplied by ten. This is a result of the several digitally oriented efforts the Indian government has started. The introduction of UPI and Aadhaar Pay are examples of these projects. Another initiative that encourages and broadens the acceptance of cashless transactions in the nation is QR Code Payment. The three pillars of innovation, security, and interoperability will aid India's transition to a cashless society.
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