After the spread of internet, banking and mobile wallets have done wonders for India’s digital payment system. Now, it's the time of UPI (Unified Payment Interface). As banks are still left behind in payment space as compared to the wallets of financial technology companies, now they are coming up for tie ups with UPI of NPCI (National Payment Corporation of India), so there might be an increase in payment system by the banks also. RBI and NPCI have excluded wallet providers from this because of the security reasons. It is also possible that after getting approval for this pilot project, wallet providers would be allowed to go for it. But yes, at the end, the success of UPI again depends upon how many players are using it. To know more go through the given link: http://articles.economictimes.indiatimes.com/2016-04-13/news/72295046_1_upi-npci-wallets