Upi Transactions

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Google Play Store will now let you make purchases via UPI payment mode

Earlier the option of paying via debit, credit cards and so on were available on Google Play Store.

UPI transaction success rate reaches 87 percent in 2019, to improve further: Report

Blames previous decline on connectivity problems and lack of response from banks’ servers.

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth

The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.

UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform

With the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries

Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over August

Monthly transactions through unified payments interface (UPI) increased by more than 30 percent month-on-month to 405.87 million in September, totalling over Rs 59,835 crore in value, according to the National Payments Corporation of India (NPCI) data.

Currency with public doubles from demonetisation days: Why did Narendra Modi’s big gamble fail to dethrone the cash king?

Currency in Circulation totaled Rs 19.3 lakh crore as on 1 June. Remember, this figure had fallen to Rs 8.9 lakh crore in the aftermath of demonetisation

NPCI orders banks to stop UPI transactions from apps that are not complying with its directive

Circular sent by NPCI stated a deadline for all UPI apps to comply post which it has the "right to decline the transactions for such non-compliant apps.”

Flipkart Payments to invest over Rs 200 crore in digital payment app PhonePe

Previously, PhonePe had received Rs 83.68 crore in October, 2016 through allocation of 41.84 lakh shares at a premium of Rs 190 per share.

PhonePe has 45 percent share in all UPI transactions in August: NPCI

PhonePe has nearly 45 percent of the market share in all UPI transactions across the country in August