Data shows mobile Internet user growth slowing dramatically in 2021

On March 8, the Reserve Bank of India launched a revolving payments service for feature phones. The service called UPI123Pay is a successor to BHIM USSD 2.0, which allows feature phones to make payments using Interactive Voice Response (IVR), app functionality, missed calls, and voice-approximate payments.

Although no exact data is available on the number of feature phone users, it is estimated that there are approximately 400 million users in the country. The Unified Payments Interface has been successful among smartphone users in the country. Business Standard analysis shows…

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First published: Saturday, March 12, 2022. 06:05 IST