A photo of a Bengaluru autorickshaw driver using his smartwatch to display a UPI QR code for payments has gone viral, highlighting the innovative and tech-savvy nature of India’s digital landscape.
The image, shared by Union Minister Ashwini Vaishnaw on X (formerly Twitter), shows the driver confidently displaying the QR code on his smartwatch for a customer to scan and complete the payment. Vaishnaw captioned the photo, “UPI का swag🤘(stylish confidence of using UPI) Payments made super easy,” highlighting the ease and convenience of UPI transactions.
The photo quickly gained traction on social media, with netizens praising the driver’s modern approach to receiving payments. Many commented on how Bengaluru continues to be a trendsetter in India, and hailed the incident as a symbol of the country’s digital transformation. “This is the picture of the new India,” one user remarked, while another commented, “This is the magic of Digital India.”
The Unified Payments Interface (UPI), launched by the National Payments Corporation of India (NPCI) in 2016, has revolutionized digital payments in India, enabling instant transfers between bank accounts. The platform’s popularity is evident in the 44% year-on-year rise in UPI transaction volumes in the financial year 2023-24.
However, the potential introduction of transaction fees on UPI has sparked concerns. A recent report by research agency LocalCircles revealed that three out of four people surveyed would cease using UPI as their preferred payment method if such fees were implemented. This highlights the delicate balance between promoting digital transactions and ensuring affordability for the masses.
The Bengaluru autorickshaw driver’s story serves as a powerful reminder of the rapid pace of digital adoption in India. It also underscores the crucial role of UPI in driving financial inclusion and empowering individuals with convenient and accessible payment options. As India continues its journey towards a cashless economy, the success and sustainability of UPI will be critical, demanding careful consideration of the impact of any proposed changes, including potential transaction fees.
