India’s Growth Story is Linked to Progress Made on Digitisation and Its Access
1 year, 3 months ago

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

The Quint  

The committee on Deepening Digital Payments constituted by the RBI in 2019 under the chairmanship of Nandan Nilekani had recommended that market forces should drive transaction prices for the inclusion of small startups and incentivising innovation. It underlined that while banks have a role in contributing to the payment system, the government and the RBI should also share the cost burden in promoting the country's digital payment system. The NPCI’s subsequent recommendation in March 2023, proposed an interchange fee of up to 1.1 per cent on merchants when person-to-merchant transactions above Rs 2,000 are carried out through Prepaid Payment Instruments like digital wallets on UPI. The impact will be felt by larger merchants whose customers will conduct online transactions using digital wallets.

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History of this topic

UPI system faces temporary outage for about an hour, stabilised by NPCI
2 days, 21 hours ago

UPI system faces temporary outage for about an hour, stabilised by NPCI

Firstpost  

“NPCI had faced intermittent technical issues owing to which UPI had partial decline. Regret the inconvenience,” the payment regulator said in a post on X Digital transactions were impacted on Wednesday due to a widespread UPI outage with a large number of users reporting problems in the instant payment interface. The Unified Payments Interface is an instant payment system developed …

UPI down: Digital transactions disrupted due to outage; NPCI says problem resolved
2 days, 21 hours ago

UPI down: Digital transactions disrupted due to outage; NPCI says problem resolved

The Hindu  

Digital transactions were impacted on Wednesday due to a widespread UPI outage with a large number of users reporting problems in the instant payment interface. NPCI had faced intermittent technical issues owing to which UPI had partial decline. — NPCI March 26, 2025 "NPCI had faced intermittent technical issues owing to which UPI had partial decline. Additionally, UPI offers a …

Government to continue footing the bill for UPI payments under Rs 2,000
Top News
1 week, 3 days ago

Government to continue footing the bill for UPI payments under Rs 2,000

India Today  

The Union Cabinet has approved the extension of the Rs 1,500 crore incentive scheme for small-value UPI transactions. "The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the ‘Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant ’ for the financial year 2024-25 in the following manner: i. The government had earlier said that …

Govt Mulls Bringing Back Merchant Fees On UPI And RuPay Payments: Report
2 weeks, 4 days ago

Govt Mulls Bringing Back Merchant Fees On UPI And RuPay Payments: Report

ABP News  

The government is reportedly considering a proposal to reintroduce merchant charges on Unified Payments Interface -based transactions and RuPay-powered debit card payments, according to The Economic Times report citing two senior bankers familiar with the matter. Different For Different Traders The government may introduce a tiered pricing system for UPI transactions, where larger merchants would incur higher charges, while smaller …

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 dominates digital payments
1 month, 1 week ago

UPI dominates digital payments

Deccan Chronicle  

Mumbai: India’s digital payments landscape is undergoing an unprecedented transformation, with Unified Payments Interface emerging as the dominant force driving financial inclusion, merchant adoption, and cross-border transactions. According to an industry report, “Crafting the Future of Real-Time Payments: From Less Cash to Cashless” by The Digital Fifth, UPI now drives 84 percent of all digital transactions in India, solidifying its …

UPI transactions spike, share of prepaid payment instruments falls 24% in past two years, shows RBI data
2 months ago

UPI transactions spike, share of prepaid payment instruments falls 24% in past two years, shows RBI data

Live Mint  

The latest Reserve Bank of India data showed a noticeable decline in the share of prepaid payment instruments, while there was a massive surge in the share of Unified Payments Interface transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh crore in H2 2019 to 1.08 lakh crore in H2 2024, …

How 16.73 billion UPI transactions killed the ubiquitous toffee business
2 months, 3 weeks 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
2 months, 3 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, 3 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 …

India pushes UPI market cap deadline to 2026
Trending News
2 months, 3 weeks ago

India pushes UPI market cap deadline to 2026

India Today  

In a big move, the National Payments Corporation of India has decided to delay the implementation of market share caps for Unified Payments Interface payment apps by two years, pushing the deadline to December 2026. The NPCI had initially proposed a cap in 2020, aiming to limit any single UPI payment app to a 30 per cent market share. However, …

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
2 months, 4 weeks ago

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users

India TV News  

The National Payment Corporation of India has decided to postpone its plan to implement a 30 percent cap on any individual app's share of transactions within the Unified Payments Interface. This recent development comes as a significant relief for PhonePe, backed by Walmart, and Google Pay, which together account for 85 percent of UPI transactions. NPCI, which is supported by …

WhatsApp Pay gets NPCI nod for nationwide UPI user expansion
2 months, 4 weeks ago

WhatsApp Pay gets NPCI nod for nationwide UPI user expansion

Hindustan Times  

The National Payments Corporation of India has removed the user limit for onboarding on WhatsApp Pay, effective immediately. According to a statement from NPCI, WhatsApp Pay can now offer UPI services to its entire user base in India. WhatsApp Pay will continue to adhere to all existing UPI guidelines and circulars for Third-Party Application Providers Previously, NPCI allowed WhatsApp Pay …

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
2 months, 4 weeks 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 …

RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice
2 months, 4 weeks ago

RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice

India TV News  

Starting January 1, 2025, significant changes are coming for those making UPI payments. A deadline was set for December 31, 2024, and if this deadline isn't extended, starting January 1, users will be able to make payments of up to Rs 10,000 per day through UPI123Pay, up from the previous limit of Rs 5,000. However, the transaction limit for smartphone …

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer
3 months ago

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer

Live Mint  

The Reserve Bank of India recently allowed the users of prepaid payment instruments to access UPI services via third party applications. This will enable the PPI holders to make UPI payments like bank account holders,” reads the RBI statement dated April 5, 2024. So, the latest move on Dec 27 was a follow-up action where the RBI instructed all prepaid …

From new limits to new features: All changes made in UPI in 2024
3 months, 1 week 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 …

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025
3 months, 1 week ago

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

ABP News  

NPCI International Payments, the entity tasked with expanding NPCI’s homegrown payment products globally, is working to extend the reach of the Unified Payments Interface to four to six additional countries in 2025, up from the current seven, according to Ritesh Shukla, CEO of NIPL. NIPL, a wholly-owned subsidiary of the National Payments Corporation of India, aims to launch UPI in …

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 …

RBI increases UPI Lite transaction limit: How will you benefit?
3 months, 3 weeks ago

RBI increases UPI Lite transaction limit: How will you benefit?

India Today  

The Reserve Bank of India has raised the transaction limit for UPI Lite to Rs 1,000 per transaction and the wallet limit to Rs 5,000, compared to the earlier limits of Rs 500 and Rs 2,000, respectively. The UPI Lite framework, first introduced in January 2022 and updated in August 2023, was created to simplify small-value digital payments. Convenience for …

RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines
3 months, 3 weeks ago

RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines

India TV News  

In a significant development, the Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000. According to the new rules introduced, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction. Check new guidelines As per the new regulations, …

India at the Forefront of Digital Revolution: RBI’s Patra
4 months, 2 weeks ago

India at the Forefront of Digital Revolution: RBI’s Patra

Deccan Chronicle  

Mumbai: India is at the forefront of the digital revolution and financial technology is speeding up digital payments, the Reserve Bank of India Deputy Governor Michael Debabrata Patra said on Wednesday. Patra in his inaugural address at the DEPR Conference on 'Digital Technology, Productivity and Economic Growth in India' said that the country is uniquely positioned to unlock new growth …

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details
6 months, 2 weeks ago

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details

Live Mint  

NPCI revised the limit to ₹ 5 lakh for payments of tax, hospitals & educational services and payment for IPO and G-Secs If you rely on the Unified Payments Interface for most of your payments, then there is good news for you. {{^adFree}} {{/adFree}} So, now consumers will be able to make UPI payments of ₹5 lakh per transaction for …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
7 months, 3 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card
8 months, 2 weeks ago

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card

India TV News  

A new report revealed that approximately 65 percent of transactions by consumers in small-town India are now digital, while in larger cities, this ratio is around 75 percent. The report, conducted by Kearney India and Amazon Pay India, highlights the leading role of India's millennials and Gen X in spearheading the digital payment revolution. Shashwat Sharma, Partner and Financial Services …

RBI’s digital rupee must leap over many hurdles for wider adoption
9 months, 2 weeks ago

RBI’s digital rupee must leap over many hurdles for wider adoption

Live Mint  

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv
9 months, 2 weeks ago

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv

News 18  

UPI customers around the country have recently been experiencing difficulties due to issues with digital payments. The National Payments Corporation of India, which oversees the UPI platform, is not the primary cause of the frequent disruptions in UPI payments, according to Reserve Bank of India Governor Shaktikanta Das. Furthermore, UPI transactions reach 450 million per day, and according to NPCI …

UPI increases convenience but leading to another problem: Here's what experts have to say
10 months, 2 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 …

RBI guv meets stakeholders to further widen UPI reach
10 months, 2 weeks ago

RBI guv meets stakeholders to further widen UPI reach

New Indian Express  

MUMBAI: With as much as four-fifths or over 80% of all digital transactions taking place through the UPI platform that has grown exponentially to the tune of 90 times in the past decade, the Reserve Bank Governor Shaktikanta Das and T Rabi Sankar, his deputy in-charge of the payments department, on Wednesday met with all the major stakeholders in the …

RBI governor meets stakeholders to further widen UPI reach
10 months, 3 weeks ago

RBI governor meets stakeholders to further widen UPI reach

New Indian Express  

MUMBAI: With as much as four-fifths of all digital transactions taking place through the UPI platform that has grown exponentially in the past decade, the Reserve Bank governor Shaktikanta Das and T Rabi Sankar, his deputy in charge of the payments department, on Wednesday met with all the major stakeholders in the payment ecosystem to discuss potential strategies and challenges …

Banks rely on AI as digital transactions grow, and methodology of frauds evolves
10 months, 3 weeks ago

Banks rely on AI as digital transactions grow, and methodology of frauds evolves

Hindustan Times  

India’s digital transactions continue to see rapid growth, and that translates to big volumes. On April 24, the Reserve Bank of India barred Kotak Bank from issuing new credit cards for now, due to “the absence of a robust IT infrastructure and IT Risk Management framework.” It draws on a mix of factors, including reliability of the bank’s infrastructure alongside …

The UPI paradox: Making you overspend but helping others save
10 months, 3 weeks 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 …

UPI transaction count drops in April: Details here
10 months, 4 weeks ago

UPI transaction count drops in April: Details here

India TV News  

UPI transaction count drops in April: Details here Recent data released by the National Payments Corporation of India suggests a drop in UPI transaction count in April. However, as per a recent report by the National Payments Corporation of India, the number of Unified Payments Interface transactions fell by 1 percent to 1,330 crore in April, down from 1,344 crore …

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging
11 months ago

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

Hindustan Times  

There is little doubt that Indians are spending more than ever before. You cannot use your credit card or debit card for subscriptions and recurring payments on the Apple App Store or the Google Play Store, be it for any app or service. Then there was a pursuit of getting RuPay credit cards aboard the UPI or unified payments interface. …

India plans to curb Google, PhonePe’s dominance in mobile payments: Report
11 months, 1 week ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu  

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

Paytm Gets TPAP License from NPCI for UPI Payments
1 year ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

Paytm gets third-party app license from NPCI to perform UPI transactions
1 year ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

‘Majority of people will stop using UPI if…’, survey reveals
1 year ago

‘Majority of people will stop using UPI if…’, survey reveals

Live Mint  

A survey has revealed that a majority of the citizens will stop using the Unified Payments Interface if a transaction fee is levied on it. 73% of those surveyed indicated that they will stop using UPI if a transaction fee is introduced while 23% of the respondents said that they are willing to bear a transaction fee on payment. "37% …

Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members: Report
1 year, 2 months ago

Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members: Report

Live Mint  

The National Payments Corporation of India has directed members to comply by January 10 with the banking regulator’s decision to raise the UPI transaction limit to ₹5 lakh for hospitals and educational services, reported Business Standard. To ensure compliance, the NPCI has instructed banks, payment service providers, and UPI applications to increase transaction limits for the specified merchant categories. PhonePe …

5 new ways to use UPI payments as 2024 begins with these rule changes
1 year, 2 months ago

5 new ways to use UPI payments as 2024 begins with these rule changes

Hindustan Times  

As we enter the new year, it's essential to take note of the UPI rules that have been changed. National Payments Corporation of India have instructed payment apps to deactivate inactive UPI IDs after one year. Users of platforms like Google Pay and PhonePe must verify and ensure their UPI IDs remain active, also reviewing associated phone numbers for inactivity. …

RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year, 3 months ago

RBI raises UPI transaction limits, e-mandate bar; check all announcements

Hindustan Times  

Reserve Bank of India Governor Shaktikanata Das on Friday announced several decisions on the Unified Payments Interface, including raising the Unified Payments Interface payment limit to hospitals and educational institutions to ₹5 lakh from ₹1 lakh. The UPI, India's mobile-based fast payment system, enables users to make instantaneous, round-the-clock payments via Virtual Payment Address UPI limits increased: While unveiling the …

UPI Payment Limit to Hospitals Educational Institutes Raised to Rs 5 Lakh RBI
1 year, 3 months ago

UPI Payment Limit to Hospitals Educational Institutes Raised to Rs 5 Lakh RBI

Deccan Chronicle  

Mumbai: To encourage the use of UPI for medical and educational services, the Reserve Bank on Friday proposed to enhance the limit for payments to hospitals and educational institutions from Rs one lakh to Rs 5 lakh per transaction. Due to the ease of payments offered by it, UPI is emerging as a preferred mode of payment for not only …

RBI Raises UPI Payment Limit For Healthcare, Educational Services To Rs 5 Lakh
1 year, 3 months ago

RBI Raises UPI Payment Limit For Healthcare, Educational Services To Rs 5 Lakh

ABP News  

The Reserve Bank of India announced on Friday that it is increasing the UPI payment limit to Rs 5 lakh for payments made to hospitals and educational institutions. Currently, the UPI payments are capped at Rs 1 lakh and the revised limit applies only for healthcare and educational facilities. It is now proposed to enhance the UPI transaction limit for …

‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000
1 year, 4 months ago

‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000

Firstpost  

In order to curb scams that use online transactions, the government of India is thinking of ways to add some friction bewteen first time transactions between two parties, if the amount is over Rs 2,000 The government of India is planning to add friction in the way first-time online transitions are done between two parties, in order to combat online …

Diwali 2023: How UPI is revolutionising digital payments this festive season
1 year, 4 months ago

Diwali 2023: How UPI is revolutionising digital payments this festive season

Live Mint  

Diwali 2023: The festive season is already here, and the Made-in-India UPI is expected to be a big help due to its global expansion. This festive season, let us celebrate the power of UPI and the opportunities it brings for us and our loved ones across the globe,” said Amit Nigam, Executive Director & COO, BANKIT. Shikhar Aggarwal, Chairman, BLS …

UPI goes global: NPCI inks pact with UAE’s Al Etihad Payments to facilitate cross-border transactions
1 year, 5 months ago

UPI goes global: NPCI inks pact with UAE’s Al Etihad Payments to facilitate cross-border transactions

India TV News  

UPI goes global: NPCI inks pact with UAE’s Al Etihad Payments to facilitate cross-border transactions The Ministry underscored that the development will facilitate the growth of e-commerce and digital transactions in the UAE, bolster financial inclusion, support the UAE's digitisation agenda, increase alternate payment options, reduce the cost of payments, and enhance the UAE's competitiveness. In a major milestone, India, …

UPI crosses 10 bn transactions second time in September
1 year, 5 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, 6 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, 6 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 …

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