Euro Fintech CoreEuro Fintech Core
  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking
Euro Fintech CoreEuro Fintech Core
Search
  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Euro Fintech Core > Digital Payment > ‘A typical sight…’: PM Modi tweets pic of tailor accepting payment via Paytm
Digital Payment

‘A typical sight…’: PM Modi tweets pic of tailor accepting payment via Paytm

Marco
2 Min Read

Prime Minister Narendra Modi on Saturday shared a picture of a roadside tailor who had pasted Paytm QR codes into his sewing machine on social media, drawing attention to the wide acceptability of digital payments in India. “It is a typical sight across India…our people have demonstrated great dexterity in adapting to tech and innovation,” he wrote in the retweet.

A Twitter user has earlier shared the picture of tailor from Ghaziabad in Uttar Pradesh accepting payments from Paytm. Along with the picture, he wrote, “You have to be in Bharat to understand the scale of this transformation brought about by the policies of Narendra Modi government.”

Netizens were quick to comment on the post, praising the widespread availability of digital payments, particularly UPI-based transactions. “UPI has brought a revolution in the lives of common Indian citizens. Digital India in true sense,” a tweeter user commented. “Digital payments are a way of life in India now – for the smallest of transactions in the remotest of places. It’s transformed lives and made things easier,” another user responded.

Paytm founder Vijay Shekar Sharma also agreed with the post. “Absolutely sir! Pride of our India is acceptance and embracing technology by every citizen in country. Thank you for championing and guiding the change,” he wrote.

India has had tremendous success with digital payments. UPI payments reached a record high of 12.82 lakh crore in December of last year. During the same month, 782 crore transactions were completed. Union minister Ashwini Vaishnaw even claimed that last year, India outperformed the United States, the United Kingdom, Germany, and France in terms of digital payment transactions.

Subscribe to our best newsletters

Subscribed to newsletter successfully

Thank you for subscribing to our Daily News Capsule newsletter.

Source link

Marco January 24, 2023
Share this Article
Facebook Twitter Copy Link Print
Previous Article Mobile Payment Market Size To Grow At A CAGR Of 30% In The Forecast Period Of 2023-2028
Next Article Deloitte, Marqeta partner to offer improved payment tools
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Blockchain and FinTech Advisory Expert, Ian Scarffe Joins Liquid Crypto
Top 5 Blockchain Node Hosting Companies web3 developers should know
Mobile Commerce Platform Fintiv Partners with Geoswift to Enable Cross-border Digital Remittance in Asia
O’Melveny Insights 2023

Popular Updates

Blockchain and FinTech Advisory Expert, Ian Scarffe Joins Liquid Crypto
What Is Blockchain | Money

Sections

  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking

Quick Link

  • Home
  • Contact
  • Privacy Policy

Featured Updates

FNCY (FNCY) Falls 0.02%, Underperforms the Crypto Market Sunday
New naira scarcity forces businesses to opt for e-payment
Follow US

© 2022 Euro Fintech Core All Rights Reserved.

Removed from reading list

Undo