How UPI has helped India set this world record
By
Isha Sharma
India leads in mobile wallet usage with 90.8% population in 2023, as per GlobalData. UPI excels in digital payments. APAC sees surge in mobile wallets due to COVID-19. Ravi Sharma predicts decline in cash transactions in Hong Kong due to QR codes and consumer preference. High smartphone penetration and bank accounts drive mobile wallet adoption