Analyzing UPI Growth Impact on Debit Card Usage in India

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This research analyzes emerging trends in UPI and debit POS transactions, highlighting UPI's remarkable 128.8% CAGR alongside a 54.8% decline in debit POS usage. It explores socioeconomic factors influencing these dynamics and drivers behind digital payment adoption. Utilizing a robust methodology, the study delineates the divergence in transaction value and average ticket sizes, offering insights into consumer behavior shifts. The findings aim to provide a foundation for policymakers and...