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Massive surge in Digital payments in Ayodhya as city gears up for Shri Ram Mandir consecration ceremony

Ayodhya sees a massive surge in digital payments as city gears up for Shri...

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From boatmen to flower/ prasad sellers, digital payments witnessed a meteoric rise in Ayodhya As the ancient holy city of Ayodhya prepares to welcome thousands...
Monthly transaction count on UPI crossed 10.24 billion with a net transaction value of Rs.15.18 trillion

UPI-based payments cross 10 bn monthly transactions in August for 1st time

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All-time high! Number of UPI transactions hit new record Of 10 billion in August The Unified Payments Interface (UPI)-based payments crossed 10 billion monthly transactions...
The volume of QR code payments in the Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028

Pioneered by India, QR payments to grow 590% in Southeast Asia by 2028

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India leads in QR payments, expected to rise by 590% in Southeast Asia by 2028 Pioneered by India, QR Code payments to grow more than...
In 2022, UPI clocked over 74.05 billion transactions in volume and Rs.126 trillion in terms of value

India saw 88 billion payment transactions worth Rs.150 trillion in 2022, UPI leads

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People prefer UPI Person-to-Merchant & Person-to-Person with market shares of 40% and 44% respectively Led by Unified payments interface (UPI), payment modes like debit and...
The new rules will come into effect from May 1, 2022

SEBI revises UPI payment limit for individual investors in IPOs

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SEBI raises investment limit via UPI to Rs.5 lakh for individual investors The Securities and Exchange Board of India (SEBI) has revised upwards the size...
Tata Digital is in talks with the ICICI Bank to power its UPI-based digital payments platform in India

Tata Group to compete with Google Pay, PhonePe, and Paytm with its own UPI...

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Tatas to join the UPI payment club with its own app The company with its presence from Salt-to-Steel is set to keep its foot in...
Popularize existing DIgital Payment options to alleviate currency note crisiss

Secure, Open Digital Payment Systems To Tackle Cash Shortage

We had, through a previous article, suggested actively promoting e-Wallets as tools to tackle cash shortage post-demonetisation. Subsequently, the Government has announced that open...
Microfinance will thrive given the right momentum after demonetization

Going Cashless with Microfinance?

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Microfinance, as it stands today, is roughly a Rs.50,000 crore($6815 million) industry. As soon as the demonetization of high denomination currency announcement was made...
The collaboration between India and Nepal in linking their fast payment systems through the UPI-NPI linkage will further deepen financial connectivity

RBI inks pact with Nepal Rastra Bank for UPI link

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Integration of the fast payment systems aims to facilitate cross-border remittances between India and Nepal The Reserve Bank of India (RBI) and Nepal Rastra Bank...
As per NPCI data, the number of UPI transactions each day in December was over 387 million

UPI transactions surpass 100 bn mark in 2023: NPCI

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UPI transactions skyrocket; surpasses 100 billion mark in 2023 with 60% growth Transactions via the unified payments interface (UPI) platform surpassed the 100 billion mark...

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