<ul data-eligibleForWebStory="false"><li>Nearly half of MSMEs prefer UPI for business transactions, followed by Aadhaar-enabled banking, according to a report by PayNearby.</li><li>Among women entrepreneurs, Aadhaar banking had even higher preference at 42%, showcasing trust in secure, tech-enabled services like fingerprint and face authentication.</li><li>The report, based on a survey of 10,000 individuals and MSMEs, highlighted the significant adoption of digital payments among MSMEs, with UPI being the most favored mode at 48%.</li><li>The survey also revealed that smartphones are the primary business device for 71% of respondents, with a majority experiencing increased income or operational efficiency due to digital tools.</li></ul>

Nearly Half Of MSMEs Polled Prefer UPI For Business Transactions, Says Report

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