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ARTICLE · 29 SEPTEMBER 2022

Fintales Issue 21: August 2022

Ikigai Law
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That's PM Modi lauding UPI crossing 6 billion transactions in July. Like any icon, UPI has gained its share of admiration and envy. Last month, we intercepted a letter from a Rs. 100 currency note to UPI.

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"This is an outstanding accomplishment. It indicates the collective resolve of the people of India to embrace new technologies and make the economy cleaner."
– PM Modi

That's PM Modi lauding UPI crossing 6 billion transactions in July. Like any icon, UPI has gained its share of admiration and envy. Last month, we intercepted a letter from a Rs. 100 currency note to UPI. It gets ugly. Reader discretion is advised.

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Dear UPI,

I know everyone loves you. But I loathe you.

In my glory days, I used to be the only way to pay. People came from far and wide to 'withdraw' me from the bank. Safely tucked away in their wallets, I'd go everywhere with them. When we parted, I'd find home in a new wallet. Now 'wallets' are on the phone. They're called e-wallets, I hear. Sheesh. And you, insufferable UPI, have found a way to pay through these e-wallets too.

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