UPI

And click-of-a-button digital payments through the much-touted UPI interface has been a game-changer for companies looking beyond the metros to expand their offering.

As I looked at it, these words came across from the UPI: “Dr. Martin Luther King has been shot in Memphis.”

UPI, or to give it its full name the Unified Payments Interface, was launched in 2016 in a collaboration between India's central bank and the nation's banking industry.

In May, UPI recorded 14 billion transactions, up from nine billion the year before.

Mr Shekhar says that scammers use a variety of ways to trick people, including persuading them to share their UPI pin number, which is needed to authorise payments.