Wednesday, 3 January 2018
PhonePe CEO says jump in UPI transactions simply driven by cashbacks
BENGALURU: In perhaps a first-of-its-kind public outburst around incentivisation on the Unified Payments Interface (UPI) platform, chief executive of PhonePe Sameer Nigam attributed the huge jump in UPI transactions in December to artificial transactions driven by cashbacks, which have inflated the
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