Remember the time when auto-wallas and the passengers got into a fight? It all started with a simple “Chhutta nai hai”, In those days we bought things unnecessarily just to pay a ‘Round figure’ of the amount. Thanks to UPI, our spending habits have gone digital, and now our spending behavior stays in check.

Has UPI transformed us into responsible financial planners or reckless spendthrifts? The truth is way more nuanced than a simple yes or no.

The convenience of going digital: UPI’s instant, cashless magic has made spending a smooth sail. Looking for change and withdrawing money is a thing of the past. 

Data Detective: Remember that impulsive purchase at Chandni Chowk Market? UPI tracks your spending like a hawk, letting you analyze every rupee’s journey.

A 2023 study by NPCI found that 45% of UPI users track their spending regularly, compared to only 20% of cash users. 

Budgeting BFF: A few UPI apps have integrated budgeting tools in their apps, like MobiKwik LENS, which lets you track your spending and investments, and also gives you detailed spending analysis, making it easier to set limits to your spending habits.

Here is another fact, according to a recent survey, 30% of UPI users have set spending limits within their apps.

Remember, financial wisdom always stays in fashion. Use UPI responsibly, track your spending, and you’ll be the master of your money.

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