News

Phi Commerce`s UPI Switch gets a go ahead from NPCI Digital payments fintech Phi Commerce has received National Payment Corporation of India (NPCI) certification to offer UPI Switch for its enterprise customers, primarily to sustain high transaction volumes. Considered as the next revolutionary innovation in the digital payments space, the UPI Switch enables fintechs like Phi Commerce to onboard enterprise customers instantly, reducing substantial turnaround time associated with the existing bank-driven process to induct new customers. This, i...
Phi Commerce`s UPI Switch gets a go ahead from NPCI
Phi Commerce`s UPI Switch gets a go ahead from NPCI
Source: PR Agency
2024-11-22 09:22:23 am
India`s gaming sector to reach $9.2 billion by FY29, non-metro cities lead Led by enthusiasts from non-metro cities, India’s gaming sector is projected to grow to $9.2 billion by FY29 from the current $3.8 billion, according to a report on Monday.  Female gamers now make up 44 per cent of the nation’s 591 million gaming population and 66 per cent of gamers were from non-metro cities, with 43 per cent of them being first-time earners in the 18-30 age group. This momentum has naturally attracted both entrepreneurial talent and venture capital in...
India`s gaming sector to reach $9.2 billion by FY29, non-metro cities lead
India`s gaming sector to reach $9.2 billion by FY29, non-metro cities lead
Source: IANS
2024-11-11 02:11:12 pm
How to Use Your Credit Card Wisely: Essential Tips for Indian Consumers Credit cards are a double-edged sword. They offer unmatched convenience, rewards, and a way to build credit history, but if mismanaged, they can quickly lead to high-interest debt. Here’s a guide to using your credit card wisely to ensure financial security and maximize its benefits.    1. Understand Your Credit Card Terms Thoroughly  * Interest Rates (APR): Indian credit cards often have annual percentage rates ranging from 30% to 42%. Carrying a balance can lea...
How to Use Your Credit Card Wisely: Essential Tips for Indian Consumers
How to Use Your Credit Card Wisely: Essential Tips for Indian Consumers
Source: IGI Editorial
2024-11-10 09:02:10 am
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
Debit card-based transactions drop 8 pc in Sep as UPI payments surge: RBI data As UPI-based digital payments surge, debit card-based transactions dropped almost 8 per cent from nearly Rs 43,350 crore in August to about Rs 39,920 crore in September, according to the Reserve Bank of India’s monthly data.  On the other hand, credit card transactions grew in the country, which saw a nearly 5 per cent increase in the month of September at Rs 1.76 lakh crore, from Rs 1.68 lakh crore in August, according to the latest data from the central bank. As per market ...
Debit card-based transactions drop 8 pc in Sep as UPI payments surge: RBI data
Debit card-based transactions drop 8 pc in Sep as UPI payments surge: RBI data
Source: IANS
2024-10-30 04:34:59 pm
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox and mobile payments, has gone live with the onboarding of new UPI users on the Paytm app. This comes after the Company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users. Paytm spokesperson said, “As the pioneers of mobile payments in India and a homeg...
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments
Source: PR Agency
2024-10-24 05:29:29 pm
Cash transactions decline rapidly in India as digital payments surge: RBI economist In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist.   Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024,...
Cash transactions decline rapidly in India as digital payments surge: RBI economist
Cash transactions decline rapidly in India as digital payments surge: RBI economist
Source: IANS
2024-10-23 04:26:06 pm
AGS Transact Technologies gains on enabling UPI QR-based cash withdrawals on ATMs AGS Transact Technologies is currently trading at Rs. 89.03, up by 1.42 points or 1.62% from its previous closing of Rs. 87.61 on the BSE. The scrip opened at Rs. 83.26 and has touched a high and low of Rs. 91.62 and Rs. 83.26 respectively. So far 52611 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 29-Jan-2024 and a 52 week low of Rs. 57.90 on 26-Oct-2023. Last one week high and low of the scrip sto...
AGS Transact Technologies gains on enabling UPI QR-based cash withdrawals on ATMs
AGS Transact Technologies gains on enabling UPI QR-based cash withdrawals on ATMs
Source: Accord Fintech
2024-10-23 02:53:46 pm
Paytm gets NPCI nod to onboard new UPI users One97 Communications (OCL), the company that operates Paytm, said on Tuesday that it received a nod from the National Payments Corporation of India (NPCI) to onboard new UPI users.  The permission was granted by NPCI Managing Director and Chief Executive Officer (CEO) Dilip Asbe following a request made by OCL on August 1. In a letter to OCL founder and CEO Vijay Shekhar Sharma, the NPCI chief stated: "Upon examination of your request, we hereby accord our approval and permit ...
Paytm gets NPCI nod to onboard new UPI users
Paytm gets NPCI nod to onboard new UPI users
Source: IANS
2024-10-23 10:23:28 am
Zepto CEO credits Modi government for mushrooming of start-ups Aadit Palicha, Co-Founder & CEO of Zepto on Monday credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth.   Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said, "This is India's century. Thanks to the government's work in providing the infrastructure needed to build such exceptional companies...
Zepto CEO credits Modi government for mushrooming of start-ups
Zepto CEO credits Modi government for mushrooming of start-ups
Source: IANS
2024-10-21 04:51:13 pm
India used digital tech to improve citizens` lives as US `wasted` opportunities: Paul Romer Nobel laureate, Professor Paul Michael Romer said on Monday that while the United States, which saw the rise of the Silicon Valley, failed to use technology to improve the lives of its citizens, India has shown to the world how to use digital technology to make the lives of 140 crore people better.  Citing the example of digital public infrastructure (DPI) solutions like Aadhaar and Unified Payment Interface (UPI), Romer said the technological opportunities that were presented to the ...
India used digital tech to improve citizens` lives as US `wasted` opportunities: Paul Romer
India used digital tech to improve citizens` lives as US `wasted` opportunities: Paul Romer
Source: IANS
2024-10-21 01:54:47 pm
Maldivian President decides to introduce India`s UPI in Maldives Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India's Unified Payment Interface (UPI) in the Maldives.  The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, the President's Office said in a statement on Sunday. The decision was made after the Cabinet thoroughly discussed a paper submitt...
Maldivian President decides to introduce India`s UPI in Maldives
Maldivian President decides to introduce India`s UPI in Maldives
Source: IANS
2024-10-21 08:54:07 am
UPI transactions volume surges 52 pc to 78.97 billion, value crosses Rs 116 lakh crore The unified payments interface (UPI)-based transactions volume surged 52 per cent to 78.97 billion in the first half this year (H1 2024), from 51.9 billion in the same period last year, a report showed on Thursday.  Similarly, the value of transactions grew by 40 per cent, increasing from Rs 83.16 lakh crore to Rs 116.63 lakh crore in the first six months this year. Month-wise, the number of UPI transactions rose significantly from 8.03 billion in January last year to 13.9 billion ...
UPI transactions volume surges 52 pc to 78.97 billion, value crosses Rs 116 lakh crore
UPI transactions volume surges 52 pc to 78.97 billion, value crosses Rs 116 lakh crore
Source: IANS
2024-10-10 02:12:10 pm
Increasing UPI 123Pay, UPI Lite limits to benefit more users The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced an increase in pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms.  With new guidelines, the users will soon be able to do low-value UPI transactions of up to Rs 1,000 without entering the PIN. Earlier, the limit was Rs 500. The limit for UPI Lite balance has also been raised to Rs 5,000 from Rs 2,000. UPI Lite is available on Paytm, BHIM App, Google Pay and other such payments apps. ...
Increasing UPI 123Pay, UPI Lite limits to benefit more users
Increasing UPI 123Pay, UPI Lite limits to benefit more users
Source: IANS
2024-10-09 02:51:24 pm
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI ICICI Bank is currently trading at Rs. 1254.90, up by 18.25 points or 1.48% from its previous closing of Rs. 1236.65 on the BSE. The scrip opened at Rs. 1241.90 and has touched a high and low of Rs. 1264.90 and Rs. 1232.90 respectively. So far 169020 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1361.35 on 20-Sep-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023. Last one week high and low of the scrip stood...
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI
Source: Accord Fintech
2024-10-09 12:54:50 pm
UPI surges to Rs 20.64 lakh cr in value in Sep, transactions jump to 15.04 billion The Unified Payments Interface (UPI) surged to Rs 20.64 lakh crore in value in the month of September -- a 31 per cent growth (year-on-year) -- while the number of transactions jumped to 15.04 billion, a growth of 42 per cent YoY, the National Payments Corporation of India (NPCI) data showed on Tuesday.  The average daily transaction amount stood at 501 million (up from 483 million in August) and average daily transaction amount reached Rs 68,800 crore (from Rs 66,475 crore in August)...
UPI surges to Rs 20.64 lakh cr in value in Sep, transactions jump to 15.04 billion
UPI surges to Rs 20.64 lakh cr in value in Sep, transactions jump to 15.04 billion
Source: IANS
2024-10-01 01:43:56 pm
India payments authority inks deal to develop payments system for Trinidad and Tobago The overseas arm of India's National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and Tobago, modelled after India's United Payments Interface (UPI), according to a statement on Friday. The NPCI International Payments Limited (NIPL) said its deal with the Ministry of Digital Transformation of Trinidad and Tobago is to build a payments platform for both person-to-person and person-to-merchant transactions. The NPCI, a quasi-regulator unde...
India payments authority inks deal to develop payments system for Trinidad and Tobago
India payments authority inks deal to develop payments system for Trinidad and Tobago
Source: Reuters
2024-09-27 04:41:14 pm
Digital payment transactions value hits Rs 3,659 lakh cr in FY24, UPI clocks 138 pc growth The number of digital payment transactions volume in India surged from 2,071 crore in fiscal 2017-18 to 18,737 crore in fiscal 2023-24 at a compounded annual growth rate (CAGR) of 44 per cent, the government said on Friday.   Furthermore, during the last five months (April-August) of the current financial year 2024-25, the transaction volume has reached 8,659 crore, according to the Ministry of Finance data. The value of transactions has grown from Rs 1,962 lakh crore to Rs 3,659 l...
Digital payment transactions value hits Rs 3,659 lakh cr in FY24, UPI clocks 138 pc growth
Digital payment transactions value hits Rs 3,659 lakh cr in FY24, UPI clocks 138 pc growth
Source: IANS
2024-09-20 04:49:51 pm
Banking sector to play crucial role in driving agenda of making India developed nation: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman has said that the banking sector will have to play a crucial role in driving the agenda of making India a developed nation or Viksit Bharat by 2047. She also said banks will be required to give strong momentum to the infrastructure sector, ensure the availability of need-based funding to MSMEs, bring unbanked population under the ambit of formal banking channels, and help increase insurance penetration.  The minister noted that technology is changin...
Banking sector to play crucial role in driving agenda of making India developed nation: FM Nirmala Sitharaman
Banking sector to play crucial role in driving agenda of making India developed nation: FM Nirmala Sitharaman
Source: Accord Fintech
2024-09-20 12:45:19 pm
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani It is now well established that by the end of this decade, India is set to be the world’s third-largest economy under Prime Minister Narendra Modi-led government’s third term, Gautam Adani, the Chairman of the Adani Group, said here on Thursday.  In his address at the city’s Jai Hind College on the occasion of Teachers’ Day, Gautam Adani said that India is also positioned to consolidate the several groundbreaking initiatives launched by the government and conti...
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani
Source: IANS
2024-09-06 09:48:09 am
UPI transactions rise 41 pc to touch record 14.96 billion in August: NPCI  The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore -- a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday.  The average daily transaction amount stood at 483 million last month, as average daily transaction amount reached Rs 66,475 crore. The value of UPI transactions processed has remained a...
UPI transactions rise 41 pc to touch record 14.96 billion in August: NPCI
UPI transactions rise 41 pc to touch record 14.96 billion in August: NPCI
Source: IANS
2024-09-01 11:25:12 am
UPI processed Rs 81 lakh cr worth transactions in April-July, up 37 pc YoY Surpassing world’s leading digital payments platforms, India’s Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).  According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent surge over the?2,348 transactions every second registered in 2022— surpassing China’s Alipay, Paypa...
UPI processed Rs 81 lakh cr worth transactions in April-July, up 37 pc YoY
UPI processed Rs 81 lakh cr worth transactions in April-July, up 37 pc YoY
Source: IANS
2024-08-31 10:08:48 am
India`s fintech industry received record $31 bn investment in last 10 years: PM NarendraModi  India's fintech revolution is improving financial inclusion as well as driving innovation and in the last 10 years, the industry has received a record investment of more than $31 billion, along with witnessing a startup growth of 500 per cent, Prime Minister Narendra Modi said on Friday.   Addressing the 'Global Fintech Fest (GFF) 2024' in the country's financial capital, PM Modi highlighted affordable mobile phones, inexpensive data, and Jan Dhan Bank accounts, ...
India`s fintech industry received record $31 bn investment in last 10 years: PM NarendraModi
India`s fintech industry received record $31 bn investment in last 10 years: PM NarendraModi
Source: IANS
2024-08-30 03:31:17 pm
UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI).  "We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit is going to be the backbone of this growth," Asbe said at the Global Fintech Fest here. He pointed out that credit has already ...
UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief
UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief
Source: IANS
2024-08-29 12:21:29 pm
India's FinTech sector has received $6 bn investment in last 2 years: RBI chief India's FinTech sector has received investments of about $6 billion in the last two years alone while the number of FinTechs in the country has gone up to around 11,000, RBI Governor Shaktikanta Das said on Wednesday.  Addressing the 5th edition of the Global Fintech Fest here, Das said: "India is now a fast-growing economic powerhouse with an increasingly tech-savvy population. India's financial sector has witnessed a remarkable transformation, driven among other factors...
India's FinTech sector has received $6 bn investment in last 2 years: RBI chief
India's FinTech sector has received $6 bn investment in last 2 years: RBI chief
Source: IANS
2024-08-29 09:55:56 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
India's Paytm gets government nod for investment in payments arm India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. With the latest approval, the company will resubmit an application with the ministry to regain a license ...
India's Paytm gets government nod for investment in payments arm
India's Paytm gets government nod for investment in payments arm
Source: Reuters
2024-08-29 09:23:27 am
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor  As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the key areas outlined in the G20 roadmap.  Speaking at the 'Global Fintech Fest' in the financial capital, he said the US does not have enough banks connected to make a full-service product but &ldq...
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Source: IANS
2024-08-28 02:14:05 pm
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is constantly working on devising policies, systems and platforms that will make the country’s financial sector stronger, nimble and customer-centric. He also said that the Unified Payments Interface (UPI) system has the potential to evolve into a cheaper and quicker alternative to the available channels of cross-border remittances and a beginning can be made with small value personal remittances as it c...
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das
Source: Accord Fintech
2024-08-27 02:05:01 pm
India offers UPI as a plug-and-play system to other countries to speed up cross-border payments RBI Governor Shaktikanta Das on Monday offered India’s UPI system as a plug-and-play system for other countries to facilitate quicker and cheaper cross-border remittances among the community of nations.   Addressing the RBI@90 Global Conference here on ‘Digital Public Infrastructure and Emerging Technologies’, the RBI Governor said, “In this journey of attaining harmonisation and interoperability of payments among countries, a key challenge could be the fact th...
India offers UPI as a plug-and-play system to other countries to speed up cross-border payments
India offers UPI as a plug-and-play system to other countries to speed up cross-border payments
Source: IANS
2024-08-26 01:50:07 pm
India to launch platform for rural, small business lending, cenbank governor says  India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, the governor of the Reserve Bank of India (RBI) said on Monday. The Unified Lending Interface (ULI), to be launched "in due course", will cut the time for credit appraisal for these borrowers and facilitate a consent-based flow of digital information, Shaktikanta Das said at an event. The gov...
India to launch platform for rural, small business lending, cenbank governor says
India to launch platform for rural, small business lending, cenbank governor says
Source: Reuters
2024-08-26 12:45:40 pm
India`s manufacturing sector poised for new era of growth: Nuvama Wealth management firm, Nuvama, on Thursday, said India has emerged as the sixth-largest manufacturing economy globally while the stage is set for a new era of growth fuelled by recent reforms and strategic initiatives such as the Make in India. “Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Bankruptcy Code (IBC), the Goods and Services Tax (GST), the Produc...
India`s manufacturing sector poised for new era of growth: Nuvama
India`s manufacturing sector poised for new era of growth: Nuvama
Source: IANS
2024-08-22 02:52:49 pm
UPI booster: Now withdraw money instantly from stock market on INDmoney Money management startup INDmoney on Thursday announced UPI-based instant withdrawals for investors from their stock trading accounts on its platform.  The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on the same day, addressing a key problem for stock investors while boosting liquidity by ensuring real-time trade settlements. The feature allows investors to withdraw money up to Rs 1 lakh on the same day. Investors wi...
UPI booster: Now withdraw money instantly from stock market on INDmoney
UPI booster: Now withdraw money instantly from stock market on INDmoney
Source: IANS
2024-08-22 02:27:21 pm
India on way to become world`s third-largest economy with big reforms: PM Narendra Modi  As 140 crore Indians collectively work towards creating a 'Viksit Bharat' by 2047, the country is on its way to become the third-largest economy with big reforms across sectors, Prime Minister Narendra Modi said on Thursday.  Addressing the nation from the ramparts of the Red Fort on the occasion of the 78th Independence Day, PM Modi said that if 40 crore Indians can bring freedom in 1947, more than 140 crore citizens can also help make the country ‘Viksit Bharat&r...
India on way to become world`s third-largest economy with big reforms: PM Narendra Modi
India on way to become world`s third-largest economy with big reforms: PM Narendra Modi
Source: IANS
2024-08-15 09:05:37 am
Swiggy integrates UPI for in-app payment in 5 seconds Online food delivery platform Swiggy on Wednesday announced the launch of 'Swiggy UPI', integrating National Payments Corporation of India’s (NPCI) digital payments solution to deliver faster in-app experience for customers.  Users can now complete UPI transactions without leaving the Swiggy app, reducing the payment process from five steps to just one, the food aggregator said in a statement. “This feature aligns with Swiggy’s mission to enable unparallel...
Swiggy integrates UPI for in-app payment in 5 seconds
Swiggy integrates UPI for in-app payment in 5 seconds
Source: IANS
2024-08-14 02:03:21 pm
Karnataka Bank rises on launching Credit Line on UPI The Karnataka Bank is currently trading at Rs. 217.80, up by 1.60 points or 0.74% from its previous closing of Rs. 216.20 on the BSE. The scrip opened at Rs. 217.00 and has touched a high and low of Rs. 218.65 and Rs. 215.80 respectively. So far 23795 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 20-Jan-2024 and a 52 week low of Rs. 192.25 on 04-Jun-2024. Last one week high and low of the scrip stoo...
Karnataka Bank rises on launching Credit Line on UPI
Karnataka Bank rises on launching Credit Line on UPI
Source: Accord Fintech
2024-08-14 10:00:25 am
In Paris for the Olympics? Now Visit Eiffel Tower by Booking Tickets Online via UPI As Indian athletes gear up for the latter stages of the Olympics, Indian tourists are visiting Paris in numbers to support their country.  While in Paris, Indians can enjoy the tour of the Eiffel by booking tickets online seamlessly via UPI. Loved by tourists from around the globe, this iconic landmark can now be enjoyed even more conveniently.  How to Book Eiffel Tower Tickets via UPI Ensure that a UPI-enabled payment app like BHIM UPI, Google Pay, PhonePe, or any other...
In Paris for the Olympics? Now Visit Eiffel Tower by Booking Tickets Online via UPI
In Paris for the Olympics? Now Visit Eiffel Tower by Booking Tickets Online via UPI
Source: PR Agency
2024-08-06 05:19:15 pm
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
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
India`s financial sector is sound and resilient: RBI Governor RBI Governor Shaktikanta Das said on Friday that amidst global challenges and uncertainties, India stands out as a fast-growing major economy with strong macroeconomic fundamentals, backed by a healthy and resilient financial sector.  "The recent annual financial results of banks and NBFCs indicate that the financial system remains sound and resilient. Further, macro stress tests done by the Reserve Bank reveal that the banking sector will continue to remain resilient even under ...
India`s financial sector is sound and resilient: RBI Governor
India`s financial sector is sound and resilient: RBI Governor
Source: IANS
2024-07-20 08:59:31 am
Indian fintech industry to reach $420 billion by 2029, target 1 billion UPI transactions per day: NPCI The Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31 per cent from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman and independent director, the National Payments Corporation of India (NPCI) said on Thursday.  Speaking to IANS on the sidelines of Assocham's second 'India International Fintech Festival' in the national capital, Choudhary said the Unified Payments Interface (UPI) has gone...
Indian fintech industry to reach $420 billion by 2029, target 1 billion UPI transactions per day: NPCI
Indian fintech industry to reach $420 billion by 2029, target 1 billion UPI transactions per day: NPCI
Source: IANS
2024-07-18 04:59:24 pm
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide The final report of India’s G20 Task Force on Digital Public Infrastructure aimed at strengthening the foundations of DPI worldwide, especially the Global South, was released here on Monday   The work of this Task Force had led to the acceptance of the definition and framework of the Digital Public Infrastructure (DPI) during India’s G20 Presidency and will be taken forward for implementation during the Brazilian and South African Presidencies. The report will play a ke...
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide
Source: IANS
2024-07-16 09:39:27 am
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031, and the largest economy of the world by 2060, RBI Deputy Governor Michael Debabrata Patra has said  In a speech at the Lal Bahadur Shastri National Academy of Administration, Mussoorie, this week, Patra said there is a traditional advantage that is likely to continue working in favour of India’s ...
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor
Source: IANS
2024-07-13 01:40:58 pm
Indians travelling to Qatar will soon be able to make UPI payments NPCI International Payments Ltd (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Thursday signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar, to launch QR code-based Unified Payments Interface (UPI) payments across the Gulf nation.  This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the cou...
Indians travelling to Qatar will soon be able to make UPI payments
Indians travelling to Qatar will soon be able to make UPI payments
Source: IANS
2024-07-12 09:52:16 am
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test.  Metaphorically speaking at the 7th JITO Incubation and Innovation Fund (JIIF) Foundation Day, Sharma said, "As a founder, my company is like my daughter...as a company, we were getting mature...it is just as if a daughter who is a school topper has met with an accident on way to an entrance test...that is the kind ...
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma
Source: IANS
2024-07-08 09:28:02 am
Small firms record sharp rise in digital transactions The use of internet for entrepreneurial purposes such as taking and placing orders online, carrying out transactions online or using UPIs by unincorporated enterprises has increased to 13.5 per cent from 7.7 in rural and to 30.2 per cent from 21.6 in urban sector during 2022-23, according to the latest survey released by the Ministry of Statistics.   This shows an improved use of IT and digital platforms and indicates a fast rate of digitisation in the sector, the annual survey of th...
Small firms record sharp rise in digital transactions
Small firms record sharp rise in digital transactions
Source: IANS
2024-07-07 04:57:15 pm
After Eiffel Tower, UPI goes live at another location before Paris Olympics After the successful implementation of the Unified Payments Interface (UPI) for online ticket booking at Eiffel Tower, NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Friday, enabled the acceptance of UPI at Galeries Lafayette’s flagship store in Haussmann, ahead of Paris Olympics.   This is in partnership with Lyra, a French leader in securing e-commerce and proximity payments. Starting July 26, the Pa...
After Eiffel Tower, UPI goes live at another location before Paris Olympics
After Eiffel Tower, UPI goes live at another location before Paris Olympics
Source: IANS
2024-07-05 03:00:40 pm