Voxlegrids Innovations and UPI Circle Cost: Highlights from ET Startup Awards 2024

Wednesday, 11 September 2024, 19:26

Voxlegrids Innovations and UPI Circle Cost emerge as focal points at the ET Startup Awards 2024. As India solidifies its position in the GCC landscape, the role of UPI continues to redefine payment methods amidst competitive pressures from debit cards. This article explores key nominations and the implications for emerging technologies.
Indiatimes
Voxlegrids Innovations and UPI Circle Cost: Highlights from ET Startup Awards 2024

Voxlegrids Innovations and UPI Circle Cost: Event Overview

In a significant gathering, the ET Startup Awards 2024 celebrated groundbreaking nominees such as Voxlegrids Innovations while emphasizing the emerging dominance of the Unified Payments Interface (UPI). As traditional debit card transactions decline, UPI introduces new features like Circle Cost which promise to revolutionize digital payments in India.

Key Nominees Recognized

  • Bootstrap Champ: Fyers, Boult Audio, SkyJumper, Suta, Crewscale
  • Top Innovator: Agnit Semiconductors, Voxelgrids Innovations, SatSure Analytics
  • Startup of the Year: Zepto, Meesho, Lenskart

UPI Innovations Impacting Debit Cards

With UPI transaction values exceeding Rs 20 lakh crore monthly, new features such as cash withdrawals and delegated payments challenge the traditional debit card segment. As banks prioritize cost-saving strategies amid these innovations, the future of retail payments faces a profound shift.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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