PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai
7 months, 1 week 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 billion transactions worth Rs 80.79 trillion in the current financial year. In the first half of 2024, funding to fintech firms was pegged at $795 million, compared to $1.93 billion during the same period last year, according to data from market intelligence platform Tracxn.

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History of this topic

UPI transactions in January surpass 16.99 billion, highest recorded in any month
1 month ago

UPI transactions in January surpass 16.99 billion, highest recorded in any month

The Hindu  

UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. Its ease of use, combined with a growing network of participating banks and fintech platforms, has made UPI the preferred mode of real-time payments for millions of users across the country, it …

UPI hits record with ₹16.73 billion in transactions in December 2024
Trending News
2 months, 4 weeks 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 transactions touched record 16.73 billion in December 2024: NPCI data
2 months, 4 weeks ago

UPI transactions touched record 16.73 billion in December 2024: NPCI data

Hindustan Times  

Transactions through the popular Unified Payments Interface touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India. In November 2024, the UPI transaction count was 15.48 billion, NPCI data showed. NPCI said the value of the transactions worked at ₹23.25 lakh …

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

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
3 months, 2 weeks 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 …

Finance Ministry says UPI records 15,547 crore transactions worth ₹223 lakh crore in 11 months
3 months, 2 weeks ago

Finance Ministry says UPI records 15,547 crore transactions worth ₹223 lakh crore in 11 months

Live Mint  

The Union Finance Ministry said on Saturday the Unified Payments Interface has achieved 15,547 crore transactions worth ₹223 lakh crore from January to November this year. In a social media post on X, the ministry said that the UPI transaction figures showcase its transformative impact on financial transactions in India. According to the finance ministry data, UPI processed an impressive …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
6 months, 3 weeks 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
7 months 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 …

Fintech revolution in India will enhance ease of living globally, says PM Modi
7 months ago

Fintech revolution in India will enhance ease of living globally, says PM Modi

Hindustan Times  

Mumbai: Prime Minister Narendra Modi on Friday said that India’s fintech revolution has improved the quality and dignity of life in the country, adding that the ecosystem will enhance ease of living globally. Addressing the Global Fintech Fest 2024 at the Jio World Convention Centre in Bandra Kurla Complex, the prime minister said India’s adoption of fintech is unmatched worldwide …

India's fintech revolution driving global ease of living, says Modi in Mumbai
7 months ago

India's fintech revolution driving global ease of living, says Modi in Mumbai

Hindustan Times  

Mumbai: Prime Minister Narendra Modi, addressing the Global FinTech Fest in Mumbai on Friday, declared that India's fintech revolution has enhanced the quality and dignity of life, and will bring ease of living to the entire globe in the future. Modi emphasised the unique nature of India's fintech revolution, noting, "The fintech revolution of India is not only known for …

PM Modi at Global Fintech pavilion in Mumbai: Govt taking various measures at policy level to help fintech sector
7 months ago

PM Modi at Global Fintech pavilion in Mumbai: Govt taking various measures at policy level to help fintech sector

The Hindu  

Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over $31 billion investments in the last 10 years, and the abolition of the Angel Tax is also a step towards the growth of the segment. Addressing the Global Fintech Fest 2024, the Prime Minister also …

Global Fintech Fest 2024 in Mumbai: PM Modi to launch various projects
7 months ago

Global Fintech Fest 2024 in Mumbai: PM Modi to launch various projects

The Hindu  

Prime Minister Narendra Modi will visit Maharashtra’s Mumbai and Palghar district on Friday to participate in Global Fintech Fest 2024 and lay the foundation stone at Vadhvan Port and other infrastructure projects in Palghar. Mr. Modi will reach the Jio World Convention Centre in Mumbai at 11 A.M, where he will address a special session of GFF, which will display …

UPI transactions cross ₹20 trillion for third successive month in July 2024
7 months, 4 weeks 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 …

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more
1 year ago

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more

Live Mint  

RBI Celebrates 90 Years: Prime Minister Narendra Modi on April 1 praised the widespread adoption of UPI and stressed the importance of the Reserve Bank of India focusing on promoting digital transactions and financial inclusion over the next decade. Governor Shaktikanta Das, in his opening statement, emphasised the RBI's ongoing efforts to bolster the resilience of India's financial sector by …

India's UPI leads the way in global non-cash transaction boom
1 year, 6 months ago

India's UPI leads the way in global non-cash transaction boom

India TV News  

India's UPI leads the way in global non-cash transaction boom In August, UPI-based payments in India achieved a milestone by surpassing 10 billion monthly transactions for the first time, as reported by the National Payments Corporation of India. According to IANS, the report pointed out that in 2022, UPI payments in India were more popular than credit and debit card …

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
1 year, 6 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 …

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

UPI to account for 90% of retail digital payments by 2026-27: Report
1 year, 10 months ago

UPI to account for 90% of retail digital payments by 2026-27: Report

India TV News  

UPI to account for 90% of retail digital payments by 2026-27: Report UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per …

UPI transactions surpass 36 crore in a year, says RBI governor
2 years ago

UPI transactions surpass 36 crore in a year, says RBI governor

India TV News  

UPI transactions surpass 36 crore in a year, says RBI governor The Reserve Bank of India's Governor, Shaktikanta Das, announced at the launch of the Digital Payments Awareness Week that UPI transactions have increased by 50% YoY, with over 36 crore transactions in February 2023 The Reserve Bank of India Governor, Shaktikanta Das, announced on Monday that payments made through …

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting
2 years, 1 month ago

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting

India Today  

India’s digital payments ecosystem has radically transformed governance and financial inclusion over the past few years, said Prime Minister Narendra Modi while addressing the G20 Finance Ministers' and Central Bank Governors' Meeting. Our digital payments ecosystem has radically transformed governance, financial inclusion and ease of living,” said PM Modi. READ | Budget 2023 will make India leading player in global …

Digital transactions to soon exceed cash in India: PM Modi
2 years, 1 month ago

Digital transactions to soon exceed cash in India: PM Modi

Deccan Chronicle  

New Delhi: As people take to India’s real-time payment mechanism, the Unified Payments Interface, Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash payments in the country. Besides, the linkage will also help migrant workers, professionals, students and their families as well," Mr Modi said, while launching the service at a virtual event through …

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August
2 years, 7 months ago

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August

India TV News  

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August The growth in UPI volumes is up almost 100 percent and amounts transacted grew by 75 percent YoY in the month of August. The Unified Payments Interface registered a record 6.57 billion transactions worth Rs 10.72 lakh crore in August, the National Payments Corporation of India data showed …

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016
2 years, 7 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 …

PM Modi lauds UPI transactions crossing record 6 billion in July
2 years, 7 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 …

India accounts for 40% of global digital payments: PM Modi at the launch of country's first bullion exchange in Gujarat
2 years, 8 months ago

India accounts for 40% of global digital payments: PM Modi at the launch of country's first bullion exchange in Gujarat

Firstpost  

The exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India New Delhi: “India accounts for 40 percent of total global digital payments in the world,” PM Narendra Modi said as he inaugurated India’s first international bullion exchange at GIFT City in Gujarat on Friday. …

UPI Reaches Another Milestone in May with Record Transactions Worth Rs 10 Lakh Crore
2 years, 9 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 …

PM Modi talks of India's ‘bouquet of hope’ at World Economic Forum
3 years, 2 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 …

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI
4 years, 2 months 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 …

Opinion | Bridging the financial divide digitally
4 years, 6 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 …

UPI payments hit all-time high of 1.34 bn transactions in June
4 years, 8 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 …

PM likely to meet FinMin officials on June 20, to discuss road map for boosting growth
5 years, 9 months ago

PM likely to meet FinMin officials on June 20, to discuss road map for boosting growth

Live Mint  

Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on June 20 to discuss road map for boosting country's growth and generating jobs. Modi is likely to discuss the road map for every department and the agenda for increasing revenue mop-up and taking reform steps to push GDP growth which …

President praises govt’s digital payments initiatives
6 years, 2 months ago

President praises govt’s digital payments initiatives

Live Mint  

New Delhi: In the last four-and-a-half years the government has worked extensively to ramp up the digital banking and payments infrastructure of the country, said President Ram Nath Kovind on Thursday in his address to the joint sitting of two Houses of Parliament. “Jan Dhan Yojana is playing an important role in facilitating cost-effective digital transactions in the country through …

UPI saw the highest number of transactions worth Rs 1 trillion in December 2018, reports NPCI
6 years, 2 months ago

UPI saw the highest number of transactions worth Rs 1 trillion in December 2018, reports NPCI

Op India  

The Unified Payments interface, the digital payment ecosystem which enables people to digitally send and receive money using their phones and a virtual private address, has seen tremendous growth in 2018. According to the latest National Payments Corporation of India report, December 2018, has witnessed a never before acceleration, achieving, around 620.17 million transactions worth Rs 1,02,594.82 crore. In August …

Narendra Modi in Singapore: PM has done more than any other leader to connect India to financial mainstream
6 years, 4 months ago

Narendra Modi in Singapore: PM has done more than any other leader to connect India to financial mainstream

Firstpost  

Naysayers may deride the NDA’s push for Aadhaar, Jan Dhan, RuPay, BHIM, demonetisation or GST but the fact remains that Narendra Modi has done more for inclusive development in India through technology and digitization than any other prime minister before him. https://t.co/HtlY1xmjLP — Narendra Modi November 14, 2018 What is denoted by the word ‘financial inclusiveness’, that was the central …

Financial inclusion a reality for 1.3 billion Indians, says PM Narendra Modi in Singapore
6 years, 4 months ago

Financial inclusion a reality for 1.3 billion Indians, says PM Narendra Modi in Singapore

Hindustan Times  

Prime Minister Narendra Modi said on Wednesday that financial inclusion has become a reality for 1.3 billion Indians as he pitched India as a favourite destination for investment at the Fintech Festival in Singapore. “Financial inclusion has become reality for 1.3 billion Indians. Modi said through Aadhaar and cellphones, his government has launched Jan Dhan Yojana and opened 330 million …

Digital Payment will soon be country’s norm: Finance Ministry
6 years, 6 months ago

Digital Payment will soon be country’s norm: Finance Ministry

India TV News  

Digital payment will soon be the norm in the country, Finance Ministry officials said on Monday, as the monthly transactions crossed 300 million mark through Unified Payments Interface. With base of 100 million Indians connected with digital payment ecosystem rising at a fast clip, India will soon be a digital payment society.” Financial Services Secretary Rajeev Kumar said the spurt …

Digital payments to be trillion-dollar market by 2023: NITI Aayog
6 years, 8 months ago

Digital payments to be trillion-dollar market by 2023: NITI Aayog

The Quint  

New Delhi, July 31 The digital payments market in India is set to become a trillion-dollar industry in the next five years, led by growth in mobile payments which are slated to rise to $190 billion by 2023 from $10 billion in 2017-18, the NITI Aayog said on Tuesday. This would present huge business opportunities for players in the digital …

Monthly UPI transactions cross 200 million mark in June: NPCI data
6 years, 8 months ago

Monthly UPI transactions cross 200 million mark in June: NPCI data

Live Mint  

New Delhi: Monthly transactions through the unified payments interface crossed the 200 million mark for the first time in June, show data released on Monday by the National Payments Corporation of India. Under the UPI, 246.37 million transactions amounting to Rs40,834.03 crore were carried out during the month, which is an increase of 30% in transaction volume compared to the …

UPI transactions hit a new high of 10 million on a single day
6 years, 9 months ago

UPI transactions hit a new high of 10 million on a single day

Live Mint  

New Delhi: Transactions through the unified payments interface have reached a new peak with more than 10 million transactions being conducted through the platform on Wednesday. It is even more significant as last year in June, the monthly UPI transactions were around 10 million. UPI is a payments system launched by NPCI, the umbrella organisation for all retail payments in …

A step closer to cashless economy : BHIM-UPI hits a record high of 1 crore transactions in a day
6 years, 9 months ago

A step closer to cashless economy : BHIM-UPI hits a record high of 1 crore transactions in a day

Op India  

A great milestone in the growth of digital payment in India was achieved on 20th of June 2018 when BHIM-UPI transactions hit a record high of 1 crore transactions in a day. Prime Minister Narendra Modi launched a unique digital payment platform called BHIM-UPI in December 2016. It is pertinent to note that a simple mobile based account to account …

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