UPI payments: Why mobile wallet companies remain unfazed

Mobile wallet players are unfazed by UPI in India. (Representational Image of Paytm, MobiKwik and Udio apps)
The new Unified Payments Interface, or UPI, has the potential to make mobile wallets redundant in India. But mobile wallet players are not convinced that UPI will mean end of the road for them, and argue that it will be another mode to load the wallet, making it a faster process.
A couple of months back, the Reserve Bank of India gave its approval for this simpler mode of payment, where