UPI platforms
UPI Transaction Value Reaches INR 130.19 Trillion in Second Half of 2024: Report
This rapid growth reflects India's shift towards a cashless economy, driven by deeper digital penetration and changing consumer behaviour
UPI is Now India's Favorite Payment System With 83% Share in Digital Payments: Report
UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a compound annual growth rate (CAGR) of 74 per cent over five years
How the Affluent Use Their Money In India
A median user manages 27 bills annually, in addition to spending on lifestyle needs directly from their bank accounts, as per a report by CRED, a technology company.
India's Digital Payment Ecosystem Reaches New Heights in December 2024: Report
The exponential growth in digital payments in India can be attributed to several factors, including government initiatives like the "Digital India" campaign, convenience and security features, and expanding digital infrastructure.
How Digital Payments Are Transforming the Indian Festive Season Shopping
The festive season sales have reflected an extraordinary rise in consumer spending, with early estimates suggesting that sales from September 26th to 28th alone crossed INR 26,500 crore
The Role of Digital Payment Infrastructures in MSME Growth
Around 80 per cent of MSMEs reported positive impacts from adopting digital technology, with Aadhaar banking and UPI being the most utilized services at the last mile.
India's Fintech in Promising Place But Needs to Prepare For Decade Ahead: GFF & BCG Report
The report states that Generative AI and API-based open architecture are key drivers of future growth with applications ranging from customer service automation to fraud detection, fintech is exploring strategic international expansion.
Driving Financial Inclusion: NPST's Role in India's Digital Revolution
The digital ecosystem in India, especially in Finance has seen growth due to various factors. The government's push towards mass digitalization, increase in internet penetration, and digital transformation enablers help integrate these technologies.
'Innovation' is driving the Fintech Revolution in India
Indian regulators such as the Securities and Exchange Board of India and the Reserve Bank of India have constantly embraced innovation in the finance and fintech space, paving the way for a mature economy.
India's First UPI-ATM Launched for Hassle-free and Card-less Cash Withdrawals
With the UPI ATMs, any bank customer can experience the convenience of QR-based cash withdrawals.
4 UPI Features Unveiled by the RBI Governor
Developed by the National Payments Corporation of India (NPCI), the features include credit lines on UPI, UPI Lite X, Tap and Pay, and conversational payments.
SBI Introduces UPI Interoperability On CBDC App
The move aims to deliver unprecedented convenience and accessibility to its customers
Universal Postal Union To Evaluate UPI
Ashwini Vaishnaw shared the transformation of the post offices into a digitally powered network, capable of doorstep delivery of government services in remote areas
UPI Dominates Digital Transactions In 2022 Worth INR 126 Lakh Crore: Worldline Report
India's flagship payment platform Unified Payments Interface (UPI) continued to be the most dominant channel for digital payments in 2022 with a 70% increase in the number of transactions to 74 billion and a 54% increase in the value, stated the report
Government May Consider 0.3% Fee To Ensure Financial Viability of UPI: Report
The report also stated that the facilitation fee of 0.3% can generate around INR 5,000 crore in 2023-24