May 2, 2023
(MUMBAI, India) — Street food has been known to be an accessible, mouth-watering, and affordable food choice for people across India. For years, vendors only accepted cash as a form of payment. But now, more vendors are expanding their businesses by using modern digital tools like Google Pay, PhonePe, and other QR code or UPI payment apps.
In February, Prime Minister Narendra Modi addressed finance ministers at the Group of 20 (G20) Conference. In his video message, Modi stressed the importance of creating a cashless economy and encouraged the use of digital payments across the nation.
“Our digital payments ecosystem has been developed as a free public good,” Modi said.
Customers and businesses are profiting from this push. Sandwizza, a family-run sandwich shop in Mumbai, earns 40% of its revenue through the payment app “PayTM” at one of its locations.