Digital transactions to increase over threefold to 481 billion by 2028-29: Report
In terms of the value of payment transactions, the market is expected to more than double, from Rs 265 trillion to Rs 593 trillion over the same period, it said.
In terms of the value of payment transactions, the market is expected to more than double, from Rs 265 trillion to Rs 593 trillion over the same period, it said.
Notably, the pilot for ULI was launched last year by RBI to enable frictionless credit, and based on the experience of the pilot, RBI has decided to launch ULI nationwide.
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
Digital India symbolises an empowered country which boosts 'Ease of Living' and transparency, Prime Minister Narendra Modi said on Monday.
In the month of June, the Unified Payment Interface (UPI) transactions saw a marginal dip of 1 per cent in volume and 2 per cent in value.
With this development, Peru will soon have a UPI-like instant payments system.
The Unified Payments Interface (UPI) network in May set a new record by processing 14.04 billion transactions, up from 13.3 billion in April, the data released by the NPCI said.
This move marks a significant step in the conglomerate's efforts to diversify into the fast-growing consumer markets of digital payments and e-commerce.
With 75 per cent of all ‘Credit Cards (CC) on UPI’ transactions happening at small merchants, a new report on Thursday said that UPI (Unified Payments Interface) integration has fuelled growth in RuPay credit cards.
Commuters availing services in the city Metro are soon to enjoy a cashless ticketing facility.
