Aim to replace low ticket cash transactions with UPI, says NPCI's Dilip Asbe

Unified payments interface (UPI) transactions have hit a new high of 1.14 billion versus 955 million a month ago that is a 20 percent rise on a month on month basis. CNBC-TV18’s Sheeren Bhan caught up with Dilip Asbe, the MD and CEO of National Payments Corporation of India (NPCI) and asked him about what is required on the part of the ecosystem in order to go from 1 billion transactions a month to a billion per day and how they plan to address the smaller transactions.