Why has UPI become such a powerful alternative to traditional card payments?
PhonePe Founder and CEO Sameer Nigam explains why UPI was able to scale rapidly in India and why its model has an edge over traditional card-based payments. From eliminating the need for wallets and reducing payment friction to reaching millions of consumers and merchants, UPI has transformed the way India pays.
Nigam also discusses the economics of UPI, MDR, merchant payments and how revenue from larger transactions could support further investment in India’s digital payments infrastructure.
So, what makes UPI different from Visa and Mastercard-based card payments — and can that advantage continue as UPI evolves?
Watch the full conversation for Sameer Nigam’s perspective on UPI, cards and the future of digital payments in India.
#UPI #SameerNigam #PhonePe #UPIvsCards #Mastercard #DigitalPayments #MDR #Fintech #digitalindia
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