Transactions via UPI cross 100 bn mark in 2023: NPCI
In December, UPI recorded 12 billion transactions, totalling Rs 18.23 lakh crore.
In December, UPI recorded 12 billion transactions, totalling Rs 18.23 lakh crore.
The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences.
The continuous growth of UPI transactions and new achievements, exemplifies the collective endeavours of technology visionaries, financial institutions, and regulators.
The Unified Payments Interface (UPI)-based payments crossed 10 billion monthly transactions in August for the first time, according to the…
European payments services provider Worldline and NPCI International Payments Ltd (NPIL) have entered into a partnership in a move to expand the acceptance of Indian payment means across Europe.
In a strategic move to further strengthen its cross-border payment solutions, TerraPay, a leading global payments infrastructure group today announced its partnership with NPCI International Payments Limited (NIPL), the International arm of the National Payments Corporation of India (NPCI).
In November last year, the NPCI approved increasing the user cap for WhatsApp's payment service from the current 20 million to 40 million users.
Through this campaign both NPCI and SBI will put in efforts to onboard more customers into YONO platform.
In June this year, WhatsApp had launched 'WhatsApp Pay' in Brazil - making it the first country where the service was widely rolled out.
NPCI decision to put a cap on the UPI market share of digital payment companies directly impacts UPI-only players such as Walmart's Phonepe, Google Pay and upcoming Whatsapp Pay. Interestingly, Paytm is the only major player which is still backing its wallet success and cards besides UPI.