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UPI sets new record with 16.58 billion transactions worth Rs 23.5 lakh crore in Oct The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.  According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 per cent increase in volume and 14 per cent in value compared to September. Daily UPI transactions in October crossed 535 million ...
UPI sets new record with 16.58 billion transactions worth Rs 23.5 lakh crore in Oct
UPI sets new record with 16.58 billion transactions worth Rs 23.5 lakh crore in Oct
Source: IANS
2024-11-02 08:49:21 am
UPI transactions surge 35 pc to reach Rs 20.64 lakh crore in July: NPCI The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data released by the National Payments Corporation of India (NPCI) showed on Thursday.  The total UPI transaction count went up almost 4 per cent (month-on-month) to 14.44 billion in July from 13.89 billion in the previous month. As the UPI success story ...
UPI transactions surge 35 pc to reach Rs 20.64 lakh crore in July: NPCI
UPI transactions surge 35 pc to reach Rs 20.64 lakh crore in July: NPCI
Source: IANS
2024-08-01 03:41:47 pm
UPI adding up to 60 lakh new users every month, global adoption surge The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month.  The stupendous growth in UPI transactions has been fuelled by the RuPay credit card on UPI, and the launch of the service in foreign countries. According to the latest National Payments Corporation of India (NPCI) data, the number of transactions on the UPI platform went up 49 per cent year-on-year to 13.9 billion in June and the transaction value r...
UPI adding up to 60 lakh new users every month, global adoption surge
UPI adding up to 60 lakh new users every month, global adoption surge
Source: IANS
2024-07-20 03:30:12 pm
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter (Q4) of FY24 compared to Rs 202.43 crore in the same quarter last fiscal year. After the robust quarterly results, Kumar said that before the partnership with Paytm, "we were seeing around 3.3 millio...
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Source: IANS
2024-04-28 08:54:35 am
CAMS shines on getting authorisation to operate as online payment aggregator Computer Age Management Services is currently trading at Rs. 3181.90, up by 129.40 points or 4.24% from its previous closing of Rs. 3052.50 on the BSE. The scrip opened at Rs. 3137.85 and has touched a high and low of Rs. 3220.00 and Rs. 3129.55 respectively. So far 48061 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3240.00 on 28-Feb-2024 and a 52 week low of Rs. 2007.50 on 25-Apr-2023. Last one week high an...
CAMS shines on getting authorisation to operate as online payment aggregator
CAMS shines on getting authorisation to operate as online payment aggregator
Source: Accord Fintech
2024-04-12 11:24:33 am
Dynacons Systems & Solutions zooms on bagging contract worth Rs 41.72 crore Dynacons Systems & Solutions is currently trading at Rs. 910.75, up by 128.35 points or 16.40% from its previous closing of Rs. 782.40 on the BSE. The scrip opened at Rs. 786.40 and has touched a high and low of Rs. 919.65 and Rs. 786.40 respectively. So far 10822 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 952.25 on 22-Feb-2024 and a 52 week low of Rs. 283.30 on 29-Mar-2023. Last one week high and low ...
Dynacons Systems & Solutions zooms on bagging contract worth Rs 41.72 crore
Dynacons Systems & Solutions zooms on bagging contract worth Rs 41.72 crore
Source: Accord Fintech
2024-03-27 11:34:03 am
RBI streamlines Bharat Bill Payment System, customers get more protection The RBI has put in a revised regulatory framework - Bharat Bill Payment Systems Directions, 2024, which will be applicable to NPCI Bharat Bill Pay Limited (NBBL - a wholly owned subsidiary of National Payments Corporation of India); and all Bharat Bill Payment Operating Units (BBPOUs). These directions seek to streamline the process of bill payments, enable greater participation, and enhance customer protection among other changes. The directions were issued on February 29 and will come in...
RBI streamlines Bharat Bill Payment System, customers get more protection
RBI streamlines Bharat Bill Payment System, customers get more protection
Source: IANS
2024-03-01 12:39:13 pm
Regulations enabled India to be global benchmark in fintech: Razorpay`s Harshil Mathur Regulations in the fintech industry have enabled India to become a global benchmark in fintech and unified payments interface (UPI)-based services are one such example, Harshil Mathur, CEO of full-stack financial services platform Razorpay, said on Monday. Speaking to IANS, Mathur said that regulations have played a crucial role in driving innovation, financial inclusion and co-creating financial literacy. “We firmly believe that regulations in the fintech industry have enabled In...
Regulations enabled India to be global benchmark in fintech: Razorpay`s Harshil Mathur
Regulations enabled India to be global benchmark in fintech: Razorpay`s Harshil Mathur
Source: IANS
2024-02-26 09:36:48 am
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd (PPBL) so that '@paytm' handles can be migrated in a seamless manner. The central bank advised that in the event of NPCI granting Third Party Application Provider (TPAP) status to One97 Communication Ltd (OCL), it may be stipulated that '@paytm' handles "are to ...
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
Source: IANS
2024-02-24 09:46:05 am
UPI services launched in Sri Lanka, Mauritius  India on Monday successfully launched its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius. RuPay card services were also launched in Mauritius as part of this initiative. Prime Minister Narendra Modi attended the inaugural event virtually alongside his Mauritian counterpart Pravind Jugnauth, and Sri Lankan President Ranil Wickremesinghe. Indians visiting the two nations will be able to utilise UPI services to make payments, and Mauritians travelling to India...
UPI services launched in Sri Lanka, Mauritius
UPI services launched in Sri Lanka, Mauritius
Source: IANS
2024-02-12 05:28:36 pm
Google Pay India joins NPCI International to expand UPI payments globally Google India Digital Services Out Ltd on Wednesday signed a memorandum of understanding (MoU) with the NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), to expand the transformative impact of UPI to countries beyond India. The pact seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad. The MoU also intends to assist in establishing UPI-like dig...
Google Pay India joins NPCI International to expand UPI payments globally
Google Pay India joins NPCI International to expand UPI payments globally
Source: IANS
2024-01-17 01:41:24 pm
Key UPI transaction changes that come into effect in New Year The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences. The National Payments Corporation of India (NPCI) have instructed payment apps to deactivate inactive UPI IDs that have not been active for more than one year. The NPCI has also announced the launch of 'UPI for Secondary Market' in its Beta phase. HDFC Bank has executed transactions via the NPCI's UPI payments app as ...
Key UPI transaction changes that come into effect in New Year
Key UPI transaction changes that come into effect in New Year
Source: IANS
2024-01-02 09:24:13 am
Pilot phase of `UPI for secondary market` to begin from Jan 1: NPCI The National Payments Corporation of India (NPCI) on Friday announced the launch of "UPI for Secondary Market" from January 1 in its Beta phase for the equity cash segment. The launch of 'UPI for Secondary Market' is set to commence next week, with the collaborative support of key stakeholders including clearing corporations, stock exchanges, depositories, stockbrokers, banks, and UPI app providers. Initially, this functionality will be available for limited set of pil...
Pilot phase of `UPI for secondary market` to begin from Jan 1: NPCI
Pilot phase of `UPI for secondary market` to begin from Jan 1: NPCI
Source: IANS
2023-12-30 09:17:18 am
Mirae Asset Mutual Fund launches UPI AutoPay Mandate Mirae Asset Mutual Fund, one of the fastest-growing fund houses in India, today announced the launch of UPI AutoPay Mandate for SIP registrations. This is one of its kind Industry initiative jointly developed by Mirae Asset Mutual Fund, KFintech & BillDesk to help investors of Mirae Asset Mutual Fund to register SIP mandate using UPI AutoPay feature simplifying the overall investment process which reduces the investment time, thereby improving the overall investment experience. ...
Mirae Asset Mutual Fund launches UPI AutoPay Mandate
Mirae Asset Mutual Fund launches UPI AutoPay Mandate
Source: PR Agency
2023-11-09 05:50:10 pm
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies Below The Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Founder & MD, Sarvatra Technologies "The Unified Payments Interface (UPI) has consistently achieved remarkable milestones in terms of transaction volume. Each month, UPI surpasses its previous records, attributed to the continuous introduction of new features and use-cases by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), aimed...
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies
Source: PR Agency
2023-11-01 06:06:57 pm
UPI transactions soar to all-time high of Rs 17.16 lakh crore in October Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data. In volume terms also the number of transactions touched a record 11.41 billion, up 8 per cent compared to 10.56 billion in September, the data compiled by the National Payments Corporation of India (NPCI), which runs the real-time payments platform, revealed. Based on the latest numbers, UP...
UPI transactions soar to all-time high of Rs 17.16 lakh crore in October
UPI transactions soar to all-time high of Rs 17.16 lakh crore in October
Source: IANS
2023-11-01 04:18:35 pm