Shaping the Future of Financial inclusivity: A critical analysis of the recent innovations of the Unified Payments Interface (UPI)

Arka Chaudhuri

UPI, Digital Payment, retail payments, digital transaction, UPI

This paper aims at assessing the growth strategies of the UPI and its progression in the Indian digital retail space and the sustainability of these initial unique-selling-points while also pointing out spaces of potential for vast social impact to further both financial inclusivity and well-being. This paper was compiled after exploring secondary sources and by applying strengths, weaknesses, opportunities, and threats (SWOT) approach. SWOT (Strengths, Weakness, Opportunities and threats) analysis is the primary framework utilized in the analysis of the positioning of the inclusion of credit-lines as a feature of the Unified Payment Service in the Indian credit segment keeping in mind Internal and external factors as well as present and future propositions for developments, as divided into Strengths, Opportunities alongside Weakness and Threats regarding credit lines and their inclusion in the package of the Unified Payments Interface, using primarily secondary data sources and logical inferences that can be drawn from them.

Published Paper   E-Certificate

"Shaping the Future of Financial inclusivity: A critical analysis of the recent innovations of the Unified Payments Interface (UPI)", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.8, Issue 10, page no.559 - 570, October-2023, Available :https://ijsdr.org/papers/IJSDR2310093.pdf

Volume 8 Issue 10, October-2023

Pages : 559 - 570

Paper Reg. ID: IJSDR_208995

Published Paper Id: IJSDR2310093

Downloads: 000347440

Research Area: Commerce

Country: Kolkata, West Bengal, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2310093

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2310093

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition