UPI transactions value exhibited parallel upward trajectory in 2023: Report
The volume of UPI transactions in H2 2023 to H2 2022 increased by 56 per cent from 42.09 billion to 65.77 billion, the report said.
The volume of UPI transactions in H2 2023 to H2 2022 increased by 56 per cent from 42.09 billion to 65.77 billion, the report said.
Reserve Bank of India Governor Shaktikanta Das on Friday proposed to enable UPI for cash deposit facility.
The value of transactions in the same period surged by 44 per cent from Rs 69.36 trillion to Rs 99.68 trillion, according to the report by global payment services leader Worldline.
As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that will come into force.
As per a latest survey, a majority of 73 per cent will stop using UPI if a transaction fee is levied on it.
E-commerce marketplace Flipkart on Sunday launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customers.
India has emerged as a leader in Fintech innovation and Digital Public Infrastructure. The PM has placed a strong emphasis on sharing our development experiences and innovation with partner countries.
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.
From boatmen on the banks of the Sarayu river to flower/prasad sellers at Hanuman Garhi, QR-code based payments have witnessed a meteoric rise in recent months.