Future of UPI payments

UPI, expanded as Unified Payments Interface, is becoming very popular and preferable of the methods of digital transactions in India. A major portion of digital transactions in India is through UPI. As per a KPMG report in 2020, the digital payments market is expected to be around $10.07 trillion by 2026. Around 1.5 million locations accepted digital payments in 2016-17 and at present, around 10 million merchants are accepting digital payments.

The number of UPI payment transactions has reached around 2235 million in December 2020 and the value of these transactions has been 4,16,176 crore. The UPI’s market share is expected to grow to 59% by 2024-25.

UPI Payment Apps

There are many UPI payment app that provides UPI feature. The UPI payment can be made by downloading the UPI payment app on the phone, and bank account can be linked, and funds can be transferred using the virtual identity. Payments can be made to merchants or any other UPI id and transfer can be made on a 24/7 basis.

What Is Lazypay? In What Way Does It Help?

LazyPay is very much like other payment methods, such as net banking credit cards and debit cards. It is very convenient and provides assurance as to hassle-free transactions guarantees hassle-free transactions. The utility bills can be paid online using the payment partner- Lazypay.

Lazy Pay UPI Payments

You make many purchases at your favourite site or app. You can use Lazypay pay id for making UPI payment. You just must enter your Lazypay id which can be found in the scan and pay the tab on the UPI payment app. on the merchant site. After that, you can choose a repayment option which can be either one time or through EMI.

Lazy Pay Shop Now Pay Later Feature

With LazyPay Id, you can make the purchase now and make payment later. The LazyPay credit can be used through UPI online or at any merchant location. You must settle the payments once in 15 days. There are no interest and hidden charges involved. You must go on favourite website or app which partners with Lazypay , and while making payment you can find LazyPay on Checkout under Pay Later or Cardless EMI category and confirm the purchase with one tap.

In the coming time, more and more people would be using UPI for making payments for their purchases at merchant locations and online purchases. As mentioned above, many merchants are going for receiving payments through UPI, whether it is online purchase or physical purchase. LazyPay is very convenient method of paying through UPI and it offers ‘Buy Now Pay later facility’ as well. It partners with many merchants and is going to partner with even more merchants in the coming future.

So, don’t wait further, immediately create a LazyPay Id and shop at your favourite website apps. You may pay immediately and if you are eligible, you can pay using ‘Shop now, pay later’ plan.

Download theLazyPay app, get your credit limit and enjoy making those purchases like you never have !!!