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.