Fintech and the digitization of financial services are no longer buzzwords. They have become standard operating procedures for almost every major financial institution. With the rise of Fintech and financial technology (FinTech) companies popping up worldwide, several new disruptive players have entered the market with technology-driven products that directly target customer needs. With over $25 billion invested in the global financial services market in 2022, Fintech has become one of the fastest-growing industry segments worldwide.…

In a world where digital payments are becoming increasingly popular, the need to develop more efficient methods of financial transactions is becoming more evident. UPI Lite, a new payment system developed by the National Payments Corporation of India (NPCI), is designed to reduce the burden on bank systems by providing a faster and more secure platform for money transfers. This article will provide a brief overview of UPI Lite and how it can help reduce…