The FinTech Hub
Source: Business Standard Dilip Asbe, managing director and chief executive officer (MD&CEO) of the National Payments Corporation of India (NPCI) 3 min read Last Updated : Oct 15 2024 | 8:15 PM IST Even with a lack of a merchant discount rate (MDR) for payments on Unified Payments Interface (UPI), the ecosystem is seeing…
Source: Business Standard Reserve Bank of India governor Shaktikanta Das (Photo: Shutterstock) 4 min read Last Updated : Oct 14 2024 | 11:26 AM IST With India being one of the few large economies where there is a 24×7 real-time gross settlement system (RTGS), the feasibility of expanding RTGS to settle transactions in major…
Source: Business Standard 1 min read Last Updated : Oct 02 2024 | 11:28 PM IST Average daily transactions on India’s unified payments interface (UPI) surged over eightfold, from 60 million in September 2020 to over 500 million by September this year since the pandemic. In September 2024 alone, UPI processed 15.04…
Source: Business Standard The Immediate Payment Service (IMPS) transaction volume was down by 5 per cent in September to 430 million from 453 million in August | (Photo: Shutterstock) 3 min read Last Updated : Oct 01 2024 | 2:34 PM IST Unified Payment Interface (UPI) transactions saw a marginal increase of 0.5 per…
Source: Live Mint (ANI)- India’s digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year (YoY) in FY 2023-24, according to a new report by PwC. The report projects that the industry will experience threefold growth, with transaction volumes set to rise from 159 billion in FY 2023-24…
