The FinTech Hub
Source: Live Mint India’s Unified Payments Interface (UPI) transactions rose to 16.73 billion for the month of December 2024, according to data collected from the National Payments Corporation of India (NPCI) website. This rise is killing the nation’s Toffee or candy business. The transactions rose 8 per cent month-on-month (MoM) to its December level, when…
Source: Live Mint Unified Payments Interface (UPI) transactions hit a record 16.73 billion in December 2024, shows data released by the National Payments Corporation of India (NPCI). This figure marks an eight percent increase as compared to November’s data, which recorded 15.48 billion transactions. NPCI also reported that the total value of transactions in December…
Source: Live Mint Setting up UPI for NRIs NRIs must first link their international mobile numbers to their NRE or NRO bank accounts. This step is most important for enabling UPI or Unified Payments Interface transactions with their overseas numbers. Once linked, NRIs can download a UPI-enabled application compatible with international mobile numbers, such as…
Source: Business Standard The value of transactions grew 40 per cent, increasing from Rs 83.16 trillion to Rs 116.63 trillion. | Photo: Bloomberg 3 min read Last Updated : Oct 10 2024 | 7:45 PM IST Instant payment system Unified Payment Interface (UPI) transaction volumes recorded a 52 per cent year-on-year surge to 78.97…
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: Business Standard 2 min read Last Updated : Sep 27 2024 | 6:07 PM IST NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Friday partnered with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to…
Source: Business Standard UPI | (Photo: Shutterstock) 2 min read Last Updated : Sep 24 2024 | 6:11 PM IST India is in talks with countries in Africa and South America to help them build a digital payments system using its homegrown Unified Payments Interface (UPI) as a blueprint and expects two launches by…
Source: Business Standard 2 min read Last Updated : Sep 13 2024 | 10:58 AM IST The National Payments Corporation of India (NPCI) has increased transaction limits for tax payments using Unified Payments Interface (UPI), allowing people to transfer Rs 5 lakh in a single transaction starting Sunday. “Acquiring entities must ensure that…
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…
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