RBI asks NPCI to examine Paytm's request for continued UPI transactions
The measures will minimise concentration risk in the UPI system by having multiple payment app providers, says RBI.
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UPI transactions top 10 bn in Aug; PM Modi says ‘exceptional news’
UPI transactions see 61% year-on-year growth in volume terms, while 47% YoY growth in terms of the transaction amount
PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
Indians can now transfer money to & from Singapore via UPI
An Indian user can remit up to ₹60,000 in a day, says the RBI.
UPI now 85% of digital transactions
UPI transactions have nearly doubled — in volume and value — since last year. PhonePe, Google Pay and Paytm are the three most used apps for financial transactions.
India records 20.5 bn online transactions worth ₹36 lakh cr in Q2
In terms of merchant transactions, UPI P2M emerged as the preferred payment mode, with a market share of 34% in volume and 17% in terms of value, says the Worldline’s India Digital Payment report.
UPI clocks 6.5 billion transactions in August
UPI transaction value for August jumps to ₹10.72 lakh crore.
UPI transactions may attract MDR charge; RBI seeks feedback
RBI's discussion paper proposes replacing the zero-charge framework for UPI transactions with a subsidy.
Indian auto sector to be world's 3rd largest by 2026: Invest India
Auto components’ exports from India are projected to increase 5 times in the next 10 years, says the agency
UPI transaction value hits ₹10 lakh crore mark in May
UPI processed 595 crore transactions worth ₹10.41 lakh crore in May this year.
