Tech
Digital payments power high-value spends across sectors: Report
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India’s digital payments landscape is increasingly expanding beyond everyday retail and utility transactions to power larger, high-value spends in sectors like education, healthcare, and auto services, according to a new report by fintech firm Phi Commerce.
According to the report titled ‘How India Pays’, while Unified Payments Interface (UPI) continues to dominate small and mid-value transactions — accounting for 65% of overall digital volumes — there is a growing reliance on EMIs and credit cards to finance bigger-ticket needs.
For…
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