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India is becoming all 0s and 1s. Latest data shows that the country has taken to digital payments like duck to water. Here is a snapshot of it: over 2 trillion transactions processed using Aadhar last year. United Payments Interface banking interface recorded highest ever – 3.6 billion transactions – in August. That eclipsed the previous record – up till May 2021, UPI had seen participation of 224 banks and had recorded 2.6 billion transactions worth over $ 68 billion. Investment inflow in the fintech sector is over $10 billion since 2016.
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