Wed, Jan 03, 2024
India's mobile payments platform UPI just hit a HUGE milestone: 100 billion transactions in 2023! That's 60% more than last year, and it's already outpacing credit cards. Could UPI even catch up to Visa's global reach? We dive into the numbers and explain what's driving this digital payment revolution.
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Fri, Sep 01, 2023
UPI transactions have grown exponentially over the past years, gaining popularity as the preferred mode of payment across the country, in tandem with the government’s aim to promote digital transactions in the economy as an essential aspect of its Digital India drive. The UPI payments system is operated by the NPCI.
Thu, Aug 24, 2023
RBI has increased the transaction limit for offline payments through UPI Lite wallet from Rs 200 to Rs 500.
Fri, Jul 28, 2023
Digital payments in India witnessed a phenomenal rise in FY23, with the RBI-DPI index reaching 395.58, a remarkable 13.24% surge from Sept 2022. Watch how UPI transactions are set to hit 1 billion daily by 2026-27, revolutionising India's payment landscape.
Fri, Jun 02, 2023
Unified Payments Interface-based transactions hit a new milestone in May with a staggering nine billion transactions worth Rs 14.89 lakh crore.
Mon, May 29, 2023
A report by PwC India reveals that UPI transactions in India are set to reach a remarkable milestone of 1 billion per day by 2026-27, dominating the retail digital payments landscape with 90% of total transactions. The Indian digital payments market experiences explosive growth, while credit cards continue to thrive, surpassing debit cards by FY25.
Sat, Jan 28, 2023
In an exclusive interaction with Zee Business, Pankaj Dedhia, Chief Business Officer, CCAvenue, talks about how Budget 2023 may incentivise UPI transactions, and what more govt. is likely to offer in terms of digital banking.
Thu, Sep 01, 2022
Of the other data sets on the NCPI framework, the instant transfer-based IMPS clocked transactions worth Rs 4.46 lakh crore in August, relating to a total of 46.69 crore transactions
Fri, Oct 22, 2021
Like other players, PhonePe is also charging processing fees for payments made through credit cards.
Mon, Aug 31, 2020
"Such practice on part of banks is a breach of section 10A of the PSS Act as well as section 269SU of the IT Act. Such breach attracts penal provisions under section 271DB of the IT Act as well as section 26 of the PSS Act," the circular said.
Thu, Jun 08, 2017
UPI distinguished itself from other digital payment mode because of its no charges from banks, one-touch.
Mon, Jan 23, 2017
Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.
Tue, Jan 17, 2017
In August, Flipkart's PhonePe subsidiary had partnered with Yes Bank to introduce unified payment interface (UPI) based mobile payments app.
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