Currency in circulation falls during Diwali for first time in 2 decades: SBI
With the increased acceptance of digital payments in the country, the over reliance on cash is slowly fading away.
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November 2022
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September 2022
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July 2022
UPI clocks ₹12.11 lakh cr worth transactions in Oct
In terms of volume, UPI transactions were at an all-time high of 731 crore, thus registering a growth of 7.6% as compared to 678 crore transactions in September.
India aiming for SOP on crypto during G20 presidency: FM
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.
India in talks with other nations to make RuPay, UPI, BHIM acceptable: FM
Nirmala Sitharaman says interoperability of these platforms gives strength to Indians' capabilities in those nations.
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.
No charges on UPI payments: Govt
The clarification comes days after the Reserve Bank of India (RBI) proposed a tiered charge framework for UPI payments.
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.
July UPI transaction value hits all-time high at ₹10.6 lakh cr
PM Modi terms it an "outstanding accomplishment"; says it indicates the collective resolve of Indians to embrace new tech and make the economy cleaner
NITI Aayog for full-scale digital bank licence to make India global fintech leader
However initially, applicants seeking a digital bank licence should get a 'restricted digital business bank licence' and enlist under the RBI's regulatory sandbox, Aayog suggests
