Nearly half of MSMEs polled prefer UPI for business transactions, says report

Nearly half of MSMEs surveyed prefer UPI as a mode of transaction to grow their business, followed by Aadhaar-enabled banking, says a report.

According to the MSME Digital Index Report by PayNearby, digital payments continue to gain strong acceptance among MSMEs, with UPI emerging as the most preferred mode of transaction at 48 per cent, followed by Aadhaar-enabled banking at 39 per cent.

Among women entrepreneurs, Aadhaar banking saw even higher preference at 42 per cent, reflecting increasing trust in secure, tech-enabled services such as fingerprint…