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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

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...
PM Modi along with his Singaporean counterpart Lee Hsien Loong witnessed the launch of cross-border connectivity between the UPI and PayNow of Singapore

Digital transactions to soon exceed cash in India: PM Narendra Modi

Digital wallet to beat cash volumes Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash with Unified Payments Interface...
Government's push toward digital payments have also been a major factor in the growth of UPI transactions

UPI-based transactions see a substantial surge; hit record 8.03 bn in Jan at Rs.13...

This milestone proves that India is now firmly on the path to becoming a digital-first economy In January the Unified Payments Interface (UPI)-based transactions hit...
There is a 25% rise in demand for micro-ATMs, and mPOS instruments, and the EMI collections for financial institutions and NBFCs have steep growth of over 200%

Massive rise of 650% in UPI transactions at semi-urban, rural stores

Digital payments pick up in the country The unified payments interface (UPI) transactions witnessed a meteoric 650 percent rise at the semi-urban and rural stores...
The country crossed 6 billion transactions for the first time last month, logging 6.28 billion transactions worth Rs.10.62 lakh crore

UPI registers record transactions of 657 cr in August worth Rs.10.72 lakh cr

The growth in UPI volumes is up almost 100% YoY The National Payments Corporation of India (NPCI) data revealed that the Unified Payments Interface (UPI)...
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...

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...
Move comes after the NPCI approved increasing the user cap for WhatsApp's payment service from the current 20 million to 40 million users

WhatsApp Pay looks forward to accelerate growth in India over next 6 months

WhatsApp Pay plans significant investments in next 6 months WhatsApp India on Tuesday said that over the next six months, it will make notable investments...
According to latest data released by NPCI, India saw a whopping over $100 billion digital transactions via UPI in October for the first time

Ahead of India’s biggest festive season the UPI makes a remarkable transaction value of...

Value of UPI transactions crosses $100 bn for 1st time in October The Unified Payments Interface (UPI) saw a surge in a month crossing the...
Modi’s tryst with India is taking it places and the poorest of poor are joining the bandwagon in their millions.

Will Financial Inclusion make India a US$5 trillion economy?

The purpose of this piece is not to speculate if India will reach the US$ 5 trillion mark by 2024-25, but to rather assess...
Ventures in infancy need prime minister's support: Nandan Nilekani

Ventures in infancy need prime minister’s support: Nandan Nilekani

New Delhi, Nov 20 Prime Minister Narendra Modi must support new ventures just like a large corporation needs its chief executive to give directions and...


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