UPI Transactions

India Racing Towards a Cashless Economy as UPI Transactions Surpassed 100 Billion in 2023, With 60% YoY Surge

The Unified Payments Interface (UPI) has solidified its position as India's go-to digital payment platform, witnessing a staggering surge in both transaction volume and value in 2023. Interestingly, the number of UPI transactions surpassed the 100 billion mark by...

Why PhonePe, Google Pay, and Merchants Are Apprehensive About the New UPI Plugin?

The adoption of UPI (Unified Payment Interface) has surged over the past five years, driven by the widespread use of smartphones and the availability of high-speed internet across India. Players like PhonePe, Paytm, and Google are vigorously competing to...

UPI transactions in India declined 6.3% MoM in February 2023, indicating cash remains king!

The adoption of UPI-based payments in India has dramatically increased since its launch in 2016. It is currently the fastest-growing mobile payment system in the world. Surprisingly, after a stellar performance in 2022, the country saw a notable drop in...

Number of UPI Transactions In March 2022: Hit A Record 5 Billion and Counting

The number of UPI transactions surpassed the 5 billion mark for the first time in March 2022, two days ahead of the month-end. According to the National Payments Corporation of India (NPCI) tweet, the transactions through the Unified Payments Interface...

UPI Transactions To Cross Record 6.5 Billion In Q4 2020

The number of UPI transactions has crossed 2 billion mark in a second consecutive month. With that, it's clear that the number of UPI transactions is all set to touch a record high 6.5 billion figure in Q4 2020. According...

UPI Transactions Nearly Doubled In Q3 2020: 1.8 Billion In September Alone

The increasing number of UPI payments clearly indicates that the digital revolution in India is all set to open doors for new opportunities, especially in fintech space. The National Payments Corporation of India (NPCI) recently released the latest data regarding...

Ajit Doval Bears Down On Digital Payment Platforms in India

The grass really isn’t always greener on the other side. With the hoopla and convenience that Digital Payment platforms in India have afforded the customers, it has also come out as the perfect exponent of being two-edged swords. The National...

UPI and RuPay Services to go Global as NPCI Launches International Wing

National Payments Corporation of India, aka NPCI, a body that regulates and facilitates digital payment activities in the Indian economy, has expressed plans to extend its services to overseas markets. Most commonly associated with the RuPay cards and the UPI...

Digital Payments in India: UPI Stands Triumphant Over Debit and Credit Cards

UPI or the Unified Payments Interface has become one of the fastest-growing payment platforms in India and has draw attention of global policy-makers as well. It is now regarded as an important institutional and public policy innovation. On Thursday, revelations...

BHIM Transactions in India by Month: Volume vs Value

The above graph represents the total volume and value of BHIM transactions in India by month. In December 2019, approximately 17.82 million transactions worth Rs 6,316.37 crore were completed through the Bharat Interface for Money (BHIM) app in India....
- Advertisement -

Latest News

LinkedIn Sets Its Eyes on $12 Billion Short-Form Video Market of India: A Goldmine for Content Creators

Video has emerged as the most effective way to engage with audiences in recent years, a fact widely acknowledged...
- Advertisement -