Diwali 2023: This holiday season, UPI is transforming digital payments

 Diwali 2023: This holiday season, UPI is transforming digital payments

2023's Diwali: The holidays are quickly approaching, and the Made-in-India UPI's international growth is anticipated to be a major benefit. UPI has already totally transformed digital payments in India. The expansion of the Unified Payments Interface (UPI), according to experts, will benefit clients and companies in a number of ways.

"UPI is a revolution that links India and the rest of the globe, not merely a payment system. Amit Nigam, Executive Director & COO, BANKIT, stated, "Let's celebrate the power of UPI and the opportunities it creates for us and our loved ones across around the world this festive season."

The chairman of BLS E-Services, Shikhar Aggarwal, outlined three ways that UPI would support users throughout this holiday season.

First of all, UPI offers a useful and secure payment method that makes it simple to purchase gifts, apparel, and other holiday essentials. According to Shikhar Aggarwal, "it is a recommended option due to its rigorous security measures, accessibility of usage, and quick transfer possibilities."

Secondly, UPI's global reach enables cross-border commercial transactions by facilitating international money transfers and gifts. "This is especially helpful for the Indian diaspora because it allows them to stay in touch with their loved ones in their homeland during the festivities," said Aggarwal.

3) The chairman of BLS E-Services claims that businesses may take use of UPI's global reach to reach a wider customer base and facilitate easy cross-border transactions. This gives them the opportunity to reach more people and make more money.

In conclusion, it is anticipated that UPI's worldwide implementation would enhance the holiday season by streamlining payments, enabling cross-border transactions, and generating new business prospects. 

Diwali 2023: The five-day Festival of Lights is the main event

Not only does the five-day Diwali holiday last five days, but almost a whole week. The actual start of the glittering Diwali celebrations is celebrated on Dhanteras (Dhanvantari Trayodashi), the first day of Diwali week. Narak Chaturdashi, often referred to as the Choti Diwali, follows. On the third day, they celebrate the true Diwali. People worship Lord Ganesha and Goddess Lakshmi on this day. India celebrates Govardhan Puja, the fourth day, in various ways. Bhai Dooj or Bhai Beej Day is observed on the fifth day.