Inspite of cash crunch, why no one is using UPI?UPI - the Unified Payment Interface - was introduced amid much fanfare by the NCPI. But it appears as if the hype has died down. Almost all the banks have come up with their own UPI apps. There are a few third party non-banking apps as well. But, the interface does not seem to have much takers.
What could be the reason? In the current turn of events after demonetisation of high value currency notes, the UPI should have been the best option for cashless transactions. Can our techians throw some light on the same?