Digital transactions have increased rapidly in the last few years in the country. Unified Payments Interface (UPI) Transactions made a record high of 19.47 billion in July. In terms of value, these transactions have been Rs 25.08 lakh crore last month. This is the second high after Rs 25.14 lakh crore in May. The National…
The scope of Unified Payments Interface (UPI) has increased rapidly in the last few years in the country. It is also being expanded abroad. National Payments Corporation of India (NPCI) has launched UPI One World wallet service for Non-Resident Indians (NRIs) and international travelers visiting the country. This will provide the facility to those travelers…
The scope of Unified Payment Interface (UPI) has increased rapidly in the country in the last few years. It is also being expanded abroad. In this series, UPI service was launched in Sri Lanka and Mauritius on Monday. Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Praveen Jugnauth also participated in this virtual event…
During the last financial year in the country, frauds related to online payments increased by more than 400 percent to Rs 14.57 billion. Digital payments have grown rapidly with the introduction of Unified Payments Interface (UPI). With this, users can easily transfer payments from their smartphones. Data from the Reserve Bank of India (RBI) has…
Payment services company Paytm, which has been facing difficulties for the last few months, has seen its share in Unified Payments Interface (UPI) transactions decline for the fourth consecutive month. Paytm’s share in total UPI transactions declined to 8.1 percent in May. In January, the Reserve Bank of India (RBI) had ordered the closure of…
The scope of Unified Payments Interface (UPI) has grown rapidly in the country in the last few years. It is also being expanded abroad. The National Payments Corporation of India (NPCI) has launched the UPI One World Wallet service for non-resident Indians (NRIs) and international travelers visiting the country. This will allow travelers who do…