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UPI transactions may touch 25 billion a month towards 2025 end The mega success story of Unified Payments Interface (UPI) continues, and it would be no surprise if the number of UPI transactions touches 25 billion a month towards the end of 2025, industry experts said on Monday.  After reaching a record high in October 2024 of 16.58 billion transactions and a value of Rs 23.50 lakh crore, UPI transactions in November stood at 15.48 billion transactions (38 per cent year-on-year growth) with a value of Rs 21.55 lakh crore (24 per cent YoY growth)....
UPI transactions may touch 25 billion a month towards 2025 end
UPI transactions may touch 25 billion a month towards 2025 end
Source: IANS
2024-12-02 11:13:33 am
UPI transactions see 38 pc YoY growth in November  After touching an all-time high in October, the unified payments interface (UPI)-based transactions stood at 15.48 billion last month which is a 38 per cent year-on-year growth, along with Rs 21.55 lakh crore in total transaction amount — a 24 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday.  In October, UPI recorded 16.58 billion transactions worth Rs 23.5 lakh crore, the highest since the UPI became operational in April 2016. ...
UPI transactions see 38 pc YoY growth in November
UPI transactions see 38 pc YoY growth in November
Source: IANS
2024-12-02 08:57:19 am
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral In a delightful twist to wedding traditions, Paytm has captured the nation's imagination. A recent video showcasing a groom adorned with a maala made of Paytm QR codes instead of traditional cash has gone viral. Accompanied by the caption, "Dulhe ka sehra suhana lagta hai, Dulha toh Paytm ka deewana lagta hai," the video has sparked widespread enthusiasm across social media platforms, celebrating the innovative use of Paytm UPI for mobile payments at Indian weddings. The vide...
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral
Source: PR Agency
2024-11-22 12:18:10 pm
NeoFinity and RuPay Announced NeoZAP : India`s Premier Payment Tag Revolutionising Transactions NeoFinity, the pioneering fintech venture within the Neo Group, has partnered with RuPay to announce NeoZAP, India's premier payment tag. It allows payments without the internet with just a tap.   The NeoZAP payment tag is a convenient addition to a customer's daily life. Users can attach it to their phones and tap on the PoS machine to pay. Payments can be made at restaurants, retail outlets, and cafes, and the virtual card can also be used to make online payments. Its v...
NeoFinity and RuPay Announced NeoZAP : India`s Premier Payment Tag Revolutionising Transactions
NeoFinity and RuPay Announced NeoZAP : India`s Premier Payment Tag Revolutionising Transactions
Source: PR Agency
2024-08-29 11:57:18 am
Making UPI & Rupay truly global is on top of RBI agenda: Governor Das RBI Governor Shaktikanta Das on Wednesday said that based on the encouraging response received from several jurisdictions, the apex bank is now focusing on making "UPI and RuPay truly global".  "The deployment of UPI-like infrastructure in foreign jurisdictions, facilitating QR code-based payment acceptance through UPI apps at international merchant locations, and interlinking UPI with Fast Payment Systems (FPS) of other countries for cross-border remittances are on top...
Making UPI & Rupay truly global is on top of RBI agenda: Governor Das
Making UPI & Rupay truly global is on top of RBI agenda: Governor Das
Source: IANS
2024-08-29 09:45:13 am
Credit card spendings via UPI platform touch new high The Unified Payments Interface (UPI) platform, a flagship of the Indian Digital Public Infrastructure (DPI) which has gone global, has added another feather to its cap.  According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spendings via UPI has touched Rs 10,000 crore a month. The NPCI CEO also informed that credit lines on UPI account has reached about Rs 100-Rs 200 crore, as the remainder comes from the RuPay credit ...
Credit card spendings via UPI platform touch new high
Credit card spendings via UPI platform touch new high
Source: IANS
2024-08-07 11:06:32 am
2.63 crore houses built for rural poor in last 9 years: Economic Survey As many as 2.63 crore houses have been constructed for the poor in the last nine years under the Pradhan Mantri Gramin Awas Yojana, according to the Economic Survey released on Monday.  “The quality of life in the rural areas has progressed in terms of basic amenities, education, health, and financial inclusion. In terms of basic amenities, 11.57 crore toilets were constructed under the Swachh Bharat Mission - Grameen, while 11.7 crore households were provided with tap water con...
2.63 crore houses built for rural poor in last 9 years: Economic Survey
2.63 crore houses built for rural poor in last 9 years: Economic Survey
Source: IANS
2024-07-23 09:30:24 am
Banks, financial sector played stellar role: Economic Survey The Economic Survey released on Monday states that India’s banking and financial sectors have displayed a stellar performance in FY24 in mobilising funds to fuel economic growth with financial inclusion.  “Double-digit and broad-based growth in bank credit, gross and net non-performing assets at multi-year lows, and improvement in bank asset quality highlight the government’s commitment to a healthy and stable banking sector,” according to the survey. It poi...
Banks, financial sector played stellar role: Economic Survey
Banks, financial sector played stellar role: Economic Survey
Source: IANS
2024-07-22 02:12:52 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
Users will be able to make UPI payments to UAE merchants now The Indian Government has been pushing UPI globally for faster digital payments. Now, UPI will be available in the Middle East country UAE as well.  NPCI International Payments Limited has partnered with Network International, a large digital commerce company in the Middle East and Africa for this. Now Indian travelers or NRIs in UAE will make Unified Payments Interface (UPI) payments through QR code through Point of Sale machines. NPCI International CEO Ritesh Shukla said that ...
Users will be able to make UPI payments to UAE merchants now
Users will be able to make UPI payments to UAE merchants now
Source: IANS
2024-07-04 12:23:06 pm
UPI integration spurs growth in RuPay credit cards With 75 per cent of all ‘Credit Cards (CC) on UPI’ transactions happening at small merchants, a new report on Thursday said that UPI (Unified Payments Interface) integration has fuelled growth in RuPay credit cards.   According to the credit-on-UPI platform Kiwi, the adoption of 'Credit Cards on UPI' was highest among young adults below 40. CC on UPI has become the primary mode of payment, with users spending over Rs 22,000 every month. The average number o...
UPI integration spurs growth in RuPay credit cards
UPI integration spurs growth in RuPay credit cards
Source: IANS
2024-05-24 09:41:36 am
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI National Payments Corporation of India (NPCI) unveils ‘RuPay – Link it, Forget it’ campaign at Indian Premier League (IPL). Conceptualized by DDB Mudra Group, the campaign aims at increasing awareness about RuPay Credit cards which can be linked to a UPI ID, thus directly enabling safe, and secure payments. With the introduction of RuPay Credit Card on UPI, the concept of purposely leaving the physical wallet isn't just a convenience; it's becoming a lifestyl...
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
Source: PR Agency
2024-04-19 08:46:03 am
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations CIFDAQ Blockchain Ecosystem Ind Limited, a Fintech New Age Blockchain company dedicated to transforming the blockchain landscape through its pioneering approach to crafting a scalable, comprehensive artificial. Intelligence-powered blockchain ecosystem for enhanced security in exchanges and MPC wallets, we proudly welcome Sanjay Saxena as Co-Founder and CEO, India and South East Asia (SEA) Operations.   Sanjay Saxena brings with him a wealth of expertise an...
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Source: PR Agency
2024-04-16 03:16:54 pm
India central bank asks card issuers to give users choice of other networks  India's central bank on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks. "On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers," the Reserve Bank of India (RBI) said in a circular. Card issuers are required to provide an option to the...
India central bank asks card issuers to give users choice of other networks
India central bank asks card issuers to give users choice of other networks
Source: Reuters
2024-03-06 10:42:08 am
UPI`s arrival in Sri Lanka, Mauritius to boost cross-border commerce, tourism: Industry  The launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius by Prime Minister Narendra Modi is a significant step in establishing India’s global leadership in fintech and payments innovation, the industry said on Monday. PM Modi, along with Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth, inaugurated the launch of UPI, and also RuPay card services in Mauritius, via video conferencing. "UPI has truly revolutio...
UPI`s arrival in Sri Lanka, Mauritius to boost cross-border commerce, tourism: Industry
UPI`s arrival in Sri Lanka, Mauritius to boost cross-border commerce, tourism: Industry
Source: IANS
2024-02-13 10:05:42 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
Federal Bank launches RuPay backed NCMC wallet Debit Cards Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards. National Common Mobility Card (NCMC) is a feature introduced on RuPay Contactless Debit Card which allows card holders to make payments across NCMC enabled terminals at metro stations, buses, etc in an offline mode within fraction of second, just by tapping the card on the card reader. NCMC is equipped with multiple functions, including stored value payments (currently up to Rs.2000/- and subj...
Federal Bank launches RuPay backed NCMC wallet Debit Cards
Federal Bank launches RuPay backed NCMC wallet Debit Cards
Source: PR Agency
2024-02-05 02:33:58 pm
Fintech startup Kiwi raises $13 mn led by Omidyar Network India Homegrown fintech startup Kiwi on Tuesday said it has $13 million (about Rs 108 crore) in a Series-A funding round led by Omidyar Network India. Existing investors, Nexus Venture Partners and Stellaris Venture Partners, also participated in this round. Founded in November 2022, Kiwi said that the funding will enable it to further expand its ‘credit cards on UPI’ offerings in India. The ‘credit cards with UPI’ feature is enabled by issuing digital RuPay Cards i...
Fintech startup Kiwi raises $13 mn led by Omidyar Network India
Fintech startup Kiwi raises $13 mn led by Omidyar Network India
Source: IANS
2023-11-21 01:23:55 pm
Users can shop on Pincode using ONDC Gift Cards this Diwali Pincode, a local shopping app developed on the ONDC (Open Network for Digital Commerce) Network, on Friday announced that customers can elevate their festive shopping experience by using the newly launched ONDC Gift Cards on the app. For the first time, Pincode is offering the ONDC Gift Card, delivering users a seamless and convenient way to shop this Diwali.  The ONDC Gift Card is a prepaid Rupay card with variable values, catering to the diverse needs of organisations distributin...
Users can shop on Pincode using ONDC Gift Cards this Diwali
Users can shop on Pincode using ONDC Gift Cards this Diwali
Source: IANS
2023-11-10 03:47:00 pm
India'`s SBI Card ties up with Reliance`s retail arm for credit card SBI Cards and Payment Services and the retail unit of billionaire Mukesh Ambani's Reliance are set to launch a co-branded credit card on India's homegrown RuPay payment network, the companies said on Tuesday. The partnership marks Reliance's foray into the credit card space and comes months after Ambani separately listed its financial services business as it seeks to diversify its already sprawling oil-to-retail business. SBI Card could lure customers with access to rewards ...
India'`s SBI Card ties up with Reliance`s retail arm for credit card
India'`s SBI Card ties up with Reliance`s retail arm for credit card
Source: Reuters
2023-11-01 09:35:18 am
Women`s World Banking, NABARD ink MoU for Jan Dhan Plus program The National Bank for Agriculture & Rural Development and Women?s World Banking have signed an MoU to promote the Jan Dhan Plus program through Regional Rural Banks, here on Thursday, officials said.The partnership will enhance the usage and adoption of basic financial services for over eight crore Jan Dhan accounts, including 5.45 crore women account-holders, in the country.This will elevate financial inclusion by adopting and improving use of services like savings, micro-insurance, pens...
Women`s World Banking, NABARD ink MoU for Jan Dhan Plus program
Women`s World Banking, NABARD ink MoU for Jan Dhan Plus program
Source: IANS
2023-10-19 04:51:53 pm
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card Axis Bank is currently trading at Rs. 1015.00, up by 2.60 points or 0.26% from its previous closing of Rs. 1012.40 on the BSE.The scrip opened at Rs. 1018.00 and has touched a high and low of Rs. 1025.60 and Rs. 1012.10 respectively. So far 64236 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1047.45 on 20-Sep-2023 and a 52 week low of Rs. 774.55 on 11-Oct-2022.Last one week high and low of the scrip stood at Rs. 1025.60 and Rs....
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card
Source: Accord Fintech
2023-10-11 02:25:01 pm