Reliance reportedly testing Paytm-like soundbox for UPI services
Since the emergence of UPI, carrying out financial transactions in India has become quite easy. It was introduced in 2016 by the National Payments Corporation of India as part of Prime Minister Narendra Modi's vision of a digital India. Be it large payments in shopping malls or purchasing groceries from street vendors, just scan a QR code, enter your UPI PIN and your transaction is done, it is that simple! Not just India, but other countries such as Singapore, Malaysia, Nepal, and recently France have started accepting payments through UPI.