'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016
2 years, 5 months ago

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016

Firstpost  

Prime Minister Narendra Modi said that digital payments were very much helpful during the COVID-19 pandemic New Delhi: “Outstanding accomplishment” said Prime Minister Narendra Modi as her praised the Unified Payments Interface recording six billion transactions in July. https://t.co/roR2h89LHv — Narendra Modi August 2, 2022 PM Narendra Modi’s remarks came in response to a tweet by Union Finance Minister Nirmala Sitharaman, stating that UPI recorded 6 billion transactions in July, highest ever since 2016. According to a data by the National Payments Corporation of India, or NPCI, in July, UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion. A report by Business Standard said that in the Financial Year 22, UPI processed more than 46 billion transactions amounting to over Rs 84.17 trillion, thus breaching the $1 trillion mark.

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History of this topic

How 16.73 billion UPI transactions killed the ubiquitous toffee business
2 days, 15 hours ago

How 16.73 billion UPI transactions killed the ubiquitous toffee business

Live Mint  

India's Unified Payments Interface transactions rose to 16.73 billion in December 2024, National Payments Corporation of India data revealed. Commenting on this narrative, Harshad Shah, a chartered accountant, said, “Before UPI, shopkeepers would trade Toffees for small change, stating shortage of Coins.” “These small amounts of change over weeks would amount to becoming vast sums of Money, which were never …

UPI hits record with ₹16.73 billion in transactions in December 2024
Trending News
6 days, 15 hours ago

UPI hits record with ₹16.73 billion in transactions in December 2024

Live Mint  

Unified Payments Interface transactions hit a record 16.73 billion in December 2024, shows data released by the National Payments Corporation of India. NPCI also reported that the total value of transactions in December amounted to ₹23.25 lakh crore, which is significantly up from ₹21.55 lakh crore in November. NPCI data NPCI extends deadline for compliance with UPI volume cap On …

UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore
1 week ago

UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore

Deccan Chronicle  

Mumbai: Unified Payments Interface transactions recorded an all-time high of 16.73 billion in December 2024, marking an eight per cent month-on-month increase from November's 15.48 billion. Transaction value was also up by eight per cent to Rs 23.25 lakh crore, compared to Rs 21.55 lakh crore in November as per National Payments Corporation of India data. In value terms, transactions …

PM Modi shares key highlights of Indias transformative achievements in 2024 | Check details
1 week, 1 day ago

PM Modi shares key highlights of Indias transformative achievements in 2024 | Check details

India TV News  

Prime Minister Narendra Modi, in a series of tweets marking the end of 2024, reflected on the significant strides made by India in various sectors over the past year. Rural development and empowerment Since the onset of Modi’s government in 2014, a key focus has been improving the lives of people in rural India. With 4G connectivity reaching over 6 …

From Historic UPI Transactions To New Highs In Aviation: Govt Lists Key Milestones Achieved In 2014
Trending News
1 week, 2 days ago

From Historic UPI Transactions To New Highs In Aviation: Govt Lists Key Milestones Achieved In 2014

ABP News  

The year 2024 has been a landmark for India in many ways — from achieving a new record in UPI transactions to new highs in renewable energy generation and becoming the third-largest domestic aviation market. The country achieved remarkable progress and set new milestones under Prime Minister Narendra Modi-led government in sectors like infrastructure, energy, healthcare, education and aviation. As …

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
1 week, 2 days ago

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows

ABP News  

The Unified Payments Interface is estimated to surpass 171 billion transactions in 2024, official data from the National Payments Corporation of India revealed. The data showed that this represents a 45 per cent surge in the UPI transactions in the country, as against the 117 billion transactions recorded via UPI in 2023, reported Moneycontrol. On an average, the UPI platform …

From new limits to new features: All changes made in UPI in 2024
3 weeks ago

From new limits to new features: All changes made in UPI in 2024

India TV News  

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
3 weeks, 4 days ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

UPI enables expansion of credit among underserved borrowers: Study
1 month ago

UPI enables expansion of credit among underserved borrowers: Study

New Indian Express  

BENGALURU: Unified Payments Interface has enabled underserved borrowers to access formal credit for the first time as loans to new-to-credit borrowers in regions with high UPI adoption have increased by 4% and to subprime borrowers by 8%, according to a study. Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
4 months ago

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

Live Mint  

- India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year in FY 2023-24, according to a new report by PwC. In FY 2023-24, UPI saw an impressive 57 per cent YoY growth in transaction volume, surpassing 131 billion transactions. Growth trends The report estimates that by FY 2028-29, UPI transactions could …

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS
4 months, 1 week ago

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS

India TV News  

India's Unified Payments Interface processed nearly ₹ 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase and surpassing all world's leading digital payments platforms. According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent surge over the 2,348 transactions every second …

PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai
4 months, 2 weeks ago

PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai

Business Standard  

Prime Minister Narendra Modi is likely to join the Global Fintech Fest on August 30. The event will also have representation from the country’s top regulators, including Reserve Bank of India Governor Shaktikanta Das and Securities and Exchange Board of India chief Madhabi Puri Buch. The payments system, run on the National Payments Corporation of India’s rails, has clocked 55.66 …

UPI transactions cross ₹20 trillion for third successive month in July 2024
5 months ago

UPI transactions cross ₹20 trillion for third successive month in July 2024

The Hindu  

Payments through the Unified Payments Interface reported a 45% yearly growth, according to data from the National Payment Corporation of India. In the first four months of the current fiscal year, UPI recorded transactions amounting to ₹80.79 trillion across approximately 55.66 billion transactions. In 2023-24, total UPI transactions were 131 billion, compared to 84 billion in 2022-23. The monthly bulletin …

UPI grows in India: Here's how many users adopting it every month, what's fueling it
5 months, 2 weeks ago

UPI grows in India: Here's how many users adopting it every month, what's fueling it

India TV News  

The digital payment sector continues to grow rapidly, with the Unified Payments Interface adding up to 60 lakh new users every month. According to the latest data from the National Payments Corporation of India, the number of transactions on the UPI platform increased by 49 percent year-on-year to 13.9 billion in June, with the transaction value rising by 36 percent …

UPI increases convenience but leading to another problem: Here's what experts have to say
7 months, 4 weeks ago

UPI increases convenience but leading to another problem: Here's what experts have to say

India TV News  

As more and more people in India embrace digital and cashless payments, they are using the Unified Payments Interface to purchase not only daily essentials but also expensive home appliances, high-end gadgets, and designer clothing. However, experts warn that the seamless and quick digital transaction process via UPI may lead people to overspend on items they may not need. According …

The UPI paradox: Making you overspend but helping others save
8 months ago

The UPI paradox: Making you overspend but helping others save

India Today  

A small UPI code peeks out of the green coconuts heaped on Yuvraj Yadav's handcart outside a park in Delhi's GK-1. "A significant majority, 74.2% of the respondents, admitted to experiencing increased spending after adopting UPI," Dhruv Kumar, Assistant Professor of IIIT Delhi, tells IndiaToday.In. "Academic research suggests that paying with cash makes people spend more consciously than using digital …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
8 months, 1 week ago

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO

New Indian Express  

New Delhi, April 27 Yes Bank saw growth in unified payments interface transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter of FY24 compared to Rs 202.43 crore in the same …

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
1 year ago

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher

Live Mint  

The volume of UPI transactions continues to rise month after month as the total monthly transaction amount touched ₹18.23 lakh crore in Dec last year, 54 percent higher than the corresponding data of 2022. Also, the number of UPI transactions hit 11.24 billion in November and 11.41 billion in October. Month Transaction amount No of transactions Oct 17.16 11.41 billion …

UPI crosses 10 bn transactions second time in September
1 year, 3 months ago

UPI crosses 10 bn transactions second time in September

Deccan Chronicle  

Chennai: With Unified Payments Interface crossing 10 billion transactions for the second straight month, this seems to have become the new normal for the payment interface. UPI recorded 10.56 billion transactions worth Rs 15.8 lakh crore in September, according to the National Payments Corporation of India. While the transaction volume marginally increased from Rs 15.76 lakh crore in August to …

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 3 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report
1 year, 3 months ago

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report

Live Mint  

The United Payments Interface transactions in India surged by 62% in the first half of 2023 compared to the same period last year. The UPI transactions reached 9.3 billion in June 2023, up from 151 million in January 2018, primarily driven by the growth in Person-to-Merchant transactions, a report by the global payments service provider Worldline revealed Tuesday. In January …

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
1 year, 4 months ago

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it

India TV News  

The World Bank stated that India's digital public infrastructure has had a profound impact that goes well beyond financial inclusion. The World Bank's praises come as India has developed some of the best digital public goods infrastructure, which has the potential to transform lives all across the world. World Bank document hails Indian govt's policy The World Bank document, prepared …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

Explained | Daily limit on UPI transactions
1 year, 7 months ago

Explained | Daily limit on UPI transactions

The Hindu  

The story so far: As transactions facilitated by the Unified Payments Interface breach record highs, banks have opted for daily limits. As for apps, among others, Google Pay users breach the daily limit if they try to send money more than ten times in a single day across all UPI apps. The NPCI has also increased the value limit in …

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points
1 year, 7 months ago

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points

Hindustan Times  

The Unified Payments Interface hit record 9 billion transactions in May, according to data released by the National Payments Corporation of India. Let's continue this journey of growth and innovation!” The overall value of the transactions in May stood at 14.89 lakh crore and saw an increase of 43% on year-over-year basis. The overall value of the transactions in May …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 9 months ago

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest

News 18  

“Bhaiya, QR code hai kya?” Honestly, we all can relate to this line. But some ppl be like: pic.twitter.com/hloHJmtzfb — Kadak March 29, 2023 A user shared how people would clean their devices after the UPI changes come into effect. #UPIcharges pic.twitter.com/UD3Na6BKPD— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ March 29, 2023 In the middle of this, a user has shared the perfect UPI users vs …

Digital payments will soon overtake cash transactions: PM Modi on UPI-PayNow link between India, Singapore
1 year, 10 months ago

Digital payments will soon overtake cash transactions: PM Modi on UPI-PayNow link between India, Singapore

India TV News  

PM Modi on digital payments system: Prime Minister Narendra Modi today expressed hope that digital transactions will soon surpass cash as Unified Payments Interface is increasingly becoming the most preferred payment mechanism in the country. PM Modi after the launch of the cross-border connectivity between the UPI and PayNow of Singapore said about 74 billion transactions amounting to over Rs …

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data
2 years ago

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data

News 18  

The Unified Payments Interface transactions touched a record 782 crore in December during the calendar year 2022, amounting to a record high of Rs 12.82 lakh crore. Meanwhile, during July-September 2022, digital payments, including unified payments interface, debit and credit cards, mobile wallets and prepaid cards, witnessed a total of 23.06 billion transactions aggregating to Rs 38.3 lakh crore. Currently, …

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data
2 years, 3 months ago

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data

India TV News  

UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In value terms, 6.78 billion transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India data. In July, India …

UPI to remain free, govt won't levy any charges for services: Finance Ministry
2 years, 4 months ago

UPI to remain free, govt won't levy any charges for services: Finance Ministry

India TV News  

UPI to remain free: The Finance Ministry on Sunday said that UPI would remain free and that the government is not considering levying any charges on it. In a tweet on Sunday evening, the Finance Ministry said: "UPI is a digital public good with immense convenience for the public and productivity gains for the economy. Prime Minister Narendra Modi had …

PM Modi lauds UPI transactions crossing record 6 billion in July
2 years, 5 months ago

PM Modi lauds UPI transactions crossing record 6 billion in July

India TV News  

Highlights Modi hailed achievement of UPI transactions crossing 6 billion in July UPI reported 6.28 bn transactions worth Rs 10.62 trillion in July -- an increase of 7% over June UPI's target is to process a billion transactions a day in the next five years Prime Minister Narendra Modi on Tuesday hailed the achievement of Unified Payments Interface transactions crossing …

UPI Reaches Another Milestone in May with Record Transactions Worth Rs 10 Lakh Crore
2 years, 7 months ago

UPI Reaches Another Milestone in May with Record Transactions Worth Rs 10 Lakh Crore

News 18  

UPI Makes Record: Unified Payments Interface transactions have reached yet another milestone in May, new data from the National Payments Corporation of India, or NPCI, showed. As per the data, India’s flagship digital payment platform UPI has broken yet another record by processing transactions worth more than Rs 10 lakh crore. As per data available on the NPCI website, UPI …

Digital transactions worth Rs 20k cr seen daily in India: PM Modi
2 years, 8 months ago

Digital transactions worth Rs 20k cr seen daily in India: PM Modi

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Sunday said digital transactions worth Rs 20,000 crore are now taking place daily in the country and asserted that this is not only increasing facilities but also encouraging an environment of honesty. In his monthly Mann Ki Baat radio broadcast, Modi said small online payments are helping build a big digital economy and …

More than Rs 83 lakh crore exchanged using UPI mode of transaction in 2021-22
2 years, 9 months ago

More than Rs 83 lakh crore exchanged using UPI mode of transaction in 2021-22

India TV News  

Highlights UPI has been used for exchanging a value of Rs 83 lakh crore in the financial year 2021-22. The popular Unified Payments Interface digital payments method has clearly won hearts and has been used for exchanging a value of Rs 83 lakh crore in the financial year 2021-22. The transaction value till March 29 stood at Rs 8.8 lakh …

PM Modi talks of India's ‘bouquet of hope’ at World Economic Forum
2 years, 11 months ago

PM Modi talks of India's ‘bouquet of hope’ at World Economic Forum

Hindustan Times  

Prime Minister Narendra Modi on Monday virtually addressed the World Economic Forum, Davos Agenda, wherein he spoke about the country's bouquet of hope. Prime Minister Narendra Modi addressing at the World Economic Forum's Davos Agenda via video conferencing, in New Delhi on Monday. “Though India constitutes 70 per cent of the global population that takes up power commission of only …

Digital Transactions This Financial Year May Touch Volume of 70 Billion, Cross Pandemic Year Record
3 years, 1 month ago

Digital Transactions This Financial Year May Touch Volume of 70 Billion, Cross Pandemic Year Record

News 18  

The volume of digital payments made by Indians in the current financial year is set to hit 70 billion at the current pace and easily surpass the record levels of 2020-21 when the Covid-19 pandemic had hit home and made people shift to doing digital payments in a big way. This is already in touching distance of 45.72 billion digital …

UPI Transactions Hit 2.8 Billion in June, All-Time High as Lockdown Lifts
3 years, 6 months ago

UPI Transactions Hit 2.8 Billion in June, All-Time High as Lockdown Lifts

News 18  

In an interesting turn of events, the monthly Unified Payments Interface ecosystem across India saw a massive spike in activity. Data released by the National Payments Corporation of India, on Thursday, showed that the number of transactions seen during the month of June was approximately 2.80 billion with a worth of around Rs 5,47,373 crore on the UPI interface platforms. …

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI
4 years ago

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI

Firstpost  

Unified Payments Interface or UPI has crossed Rs 4 trillion worth transactions in a month. The digital payments system has recorded 2.23 billion transactions amounting to Rs 4,16,176.21 crore or Rs 4.16 trillion in December 2020, according to NPCI. This is a one percent jump in volume and a 6.4 percent surge in value for UPI from November which had …

No additional charges on UPI transaction, government rejects claims
4 years ago

No additional charges on UPI transaction, government rejects claims

Op India  

The Union government has rejected news reports that had earlier claimed that the centre had decided to impose additional charges for Unified Payments Interface transactions. Govt rejects claim of imposing additional charges for #UPI transactions.https://t.co/4KZUeLRDXl — All India Radio News December 9, 2020 Recently, in a report, Amar Ujala had claimed that UPI transaction will get expensive from January 1 …

UPI transactions rise 6.7% to 2.2 billion in November
4 years, 1 month ago

UPI transactions rise 6.7% to 2.2 billion in November

Live Mint  

Unified Payments Interface transactions grew 6.7% sequentially to 2.2 billion in November, data released by the National Payments Corp. of India showed. For the first time, UPI transactions breached the 2-billion mark in October. Last month, NPCI managing director and chief executive Dilip Asbe said that daily UPI transactions could touch 1 billion in two to three years as new …

RBI should keep watch of India’s cashless tryst
4 years, 1 month ago

RBI should keep watch of India’s cashless tryst

Live Mint  

Cash is not obsolete. After a long phase of beta testing, WhatsApp’s payment feature was given a go-ahead last week by the National Payments Corp of India. The Facebook-owned chat platform must keep users of its new service under 20 million for now, though it has an overall domestic user base of some 400 million, many of them riveted to …

PhonePe Now Has 250 Million Users In India And Clocks 835 Million UPI Transactions In October
4 years, 2 months ago

PhonePe Now Has 250 Million Users In India And Clocks 835 Million UPI Transactions In October

News 18  

India’s leading digital payments platform PhonePe has now crossed the 250 million user mark. PhonePe says they saw 835 million UPI transations in October which translates into a market share of more than 40% of the total UPI transactions for the month. This is part of the digitization push that the platform has embarked on which should see 25 million …

Opinion | Bridging the financial divide digitally
4 years, 3 months ago

Opinion | Bridging the financial divide digitally

Live Mint  

The world economy has succumbed to the covid-19 pandemic over the past few months, leading to steep cuts in discretionary purchase. The phenomenal growth of the Unified Payment Interface in a country as diverse as India has drawn attention of all the big tech companies around the world with firms like Google requesting the US Federal Reserve to build a …

The crisis has pushed card payments to shift to UPI: Ashneer Grover
4 years, 5 months ago

The crisis has pushed card payments to shift to UPI: Ashneer Grover

Live Mint  

India’s digital payments economy made a strong comeback during the pandemic as lockdown restrictions and fears of contracting infection forced consumers to look for alternatives to cash transactions. Covid-19 is not only providing strong tailwinds to the digital payments ecosystem but will also lead to digitizing and improving the underwriting capabilities of digital lenders in the long term, Ashneer Grover, …

UPI payments hit all-time high of 1.34 bn transactions in June
4 years, 6 months ago

UPI payments hit all-time high of 1.34 bn transactions in June

India TV News  

Payments on Unified Payments Interface in June hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore, as per National Payments Corporation of India data. UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted …

UPI transactions hit all-time high in June, cross pre-covid levels
4 years, 6 months ago

UPI transactions hit all-time high in June, cross pre-covid levels

Live Mint  

NEW DELHI: Unified Payments Interface -based payments grew 9% sequentially, clocking 1.34 billion transactions in June. Such transactions not only bounced back to pre-covid-19 levels, but also hit an all-time high, data released by National Payments Corp of India showed. Experts said digital payments got a renewed push due to the outbreak of the global pandemic that prompted people to …

Three years since demonetisation, cash is back
5 years, 2 months ago

Three years since demonetisation, cash is back

The Hindu  

Three years since demonetisation, the level of cash with the public has grown faster than the GDP growth of the country, even as digital payments — especially those on the Unified Payments Interface platform — have seen robust growth. Demonetisation: a year later According to the RBI’s annual report, the number of UPI payments in 2018-19, at 535 crore, for …

UPI-based payment transactions slow down in May
5 years, 7 months ago

UPI-based payment transactions slow down in May

Live Mint  

After hitting a record high in March, payment transactions via Unified Payments Interface declined second time in a row in May. “In case of smaller banks across the country and regional rural banks, the UPI adoption is still happening in a big way and hence we have been witnessing growth in both volumes and value,” Mandar Agashe, Founder and Vice …

How UPI is giving e-payments a run for their money
5 years, 7 months ago

How UPI is giving e-payments a run for their money

Live Mint  

Mint looks at the digital platform that’s outpacing others in its reach and acceptance. Companies such as Paytm, PhonePe, MobiKwik and GooglePay, along with 144 banks, also offer payments via UPI, which surpassed mobile wallet payments in terms of volume of transactions as well as value. There were 384.89 million mobile wallet transactions worth ₹15,990 crore in March, compared to …

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