Government's 'Make in India' plan, Google Pay and PhonePe growing concern over UPI payments

After RBI's decision regarding Paytm payment bank, the news is constantly coming to the fore. However, the company has clarified that it is not stopping UPI payments. Now after this the government is also facing many challenges. Because now many apps are available and they are directly benefiting the users.

The major emphasis will be on Indian apps

A report came out some time ago. It was said that due to this, Google Pay and Phone Pay could grow by 15-20% in terms of users. The country's UPI market is also growing rapidly. Now in such a situation, the government's biggest emphasis will be on Indian apps. There are many apps available in the market which are Indian, but they are less used. If this happens, 'Make in India' will also get a boost.

This is no less than a challenge for the government system

Currently, most users in India have Phone Pay. After this comes Google Pay. While the Indian app BHIM UPI is far behind in this regard. In such a situation, this is no less than a challenge for the government system. Now different offers are being provided through BHIM UPI. With its help you can make payment. A lot of changes are being made in the app as well.

Emphasis on 'Make in India' from India in other sectors as well

Many decisions are also being taken to make BHIM UPI user friendly. A recent report has also said that 'Make in India' is being emphasized in other sectors from India as well. These decisions are being taken to establish the dominance of Indian companies in the fintech sector so that people can benefit greatly in the Indian market. If you also use BHIM app then you can get good benefits.