UPI transactions up 50% to 36 cr in one year: RBI Governor
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
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RBI allows UPI to foreign phone nos from April
New facility to help students studying abroad, family members and businesses use UPI without having an Indian SIM card.
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.
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.
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.
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.
WhatsApp ties up with RazorpayX to boost ‘cashback’ transactions via UPI
WhatsApp has launched an aggressive ‘cashback strategy’ to emerge as a serious challenger against the likes of PhonePe and Google Pay, which hold a market share of 47% and 34% share, respectively.
UPI transaction value hits ₹10 lakh crore mark in May
UPI processed 595 crore transactions worth ₹10.41 lakh crore in May this year.
