To understand the evolution and technology behind the Unified Payments Interface (UPI) in India.
To analyze how UPI has disrupted traditional digital wallets and transformed the digital payment ecosystem.
To evaluate UPI’s role in reshaping consumer banking and merchant payment behavior.
To assess UPI’s contribution to financial inclusion and digital literacy.
To explore the future potential of UPI in enabling credit, cross-border payments, and embedded finance.
Conduct a literature review on the origin, design, and working mechanism of UPI in India.
Study trends in UPI transaction volumes, value, user base, and merchant adoption from 2016 to present.
Compare UPI with digital wallets (e.g., Paytm, Freecharge) in terms of usage, features, and customer preferences.
Analyze the impact of UPI on traditional banking services like IMPS, NEFT, and RTGS.
Examine policy initiatives by NPCI, RBI, and the Government of India supporting UPI growth.
Explore emerging use cases such as UPI AutoPay, UPI for credit, and potential for cross-border transactions.
Prepare a strategic report highlighting UPI’s disruptions, benefits, challenges, and recommendations for future innovation in the digital payments space.
