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Impact of Unified Payment Interface on Digital Wallets

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Financial groups have been discussing and emphasising on the use of the new Unified Payment Interface technology, but many people still do not know the far-reaching effects of it. 

The unified payment interface is a new mobile payment system that allows the transfer of money between bank accounts. This means that users can pay for goods and services either online or offline without having to remember all kinds of credit card numbers, passwords, or other tedious information. It is easy to use, and beginning to take over the way we pay for goods. 

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