UPI has replaced much of the currency in circulation: SBI
Shortpedia
Content Team
Image Credit: business today
Ever since its introduction in 2016, the Unified Payment Interface (UPI) has grown in popularity. Its meteoric rise has made India one of the leaders in digital payments across the world. Now, the State Bank of India (SBI), in its latest report, has said that much of the currency notes in circulation have been effectively replaced by UPI.
