Businesses with a turnover of over ₹50 crore need to install the functionaility of accepting payments through UPI and RuPay.
This is the first part of our journey into data engineering systems at scale, and here, we focus on terms of our scalable real-time data highway.
UPI was the most preferred payment mode towards the 2nd quarter of 2019, contributing the most number of digital transactions when we compared month-on-month.
The recurring payments model will benefit not only customers, but businesses as well. With rapidly evolving consumer needs, this model will be a game changer for the Indian economy.