Jammu, April 8 -- A quiet financial revolution is happening in India's small towns. The economy, which used to rely heavily on cash, is quickly moving towards digital transactions. This shift is changing how people pay, save, and do business every day.
At the heart of this transformation is the National Payments Corporation of India, which runs the Unified Payments Interface (UPI). Official data shows that UPI transactions jumped from just over 2 billion in 2019 to more than 100 billion annually by 2024. This highlights a remarkable growth in digital adoption.
What makes this growth especially notable is its reach beyond big cities. Smaller towns are now responsible for a significant portion of digital transactions. Shopkeepers, street ve...