Digital payments for goods and services by consumers in India include mobile app, card and QR code transactions. Mobile apps are available from banks as well as third parties including Phonepe (backed by Walmart), Google Pay, PayTm (One97 Communications), Amazon Pay and WhatsApp Pay (Facebook). Third-party apps dominate mobile payments in India. National Payments Corporation of India (NPCI), which manages multiple retail payment and settlement systems in the country, operates Unified Payments Interface (UPI), a real-time, account-to-account technology platform. UPI-based mobile applications...