Digital Transactions

Payment Problems? Here's what to do when UPI and credit card transactions fail

Digital payment failures: Check account, wait for reversal, file complaint if needed. Verify details, monitor limits, keep records to prevent and resolve issues.

UPI transactions remain over Rs 24 lakh crore in June as well, daily volumes at record high

Daily transaction volumes reached 613 million, up from 602.6 million in May. The pace of growth has moderated, with annual expansion falling to 32.5%, the lowest in over five years

More people in Chhattisgarh, Madhya Pradesh can use UPI than in Tamil Nadu, Kerala

84% of women can do online banking transactions using UPI compared with 79.9 percent of men, a statistics ministry survey shows

May Momentum: Economy shines despite tariffs & Indo-Pak conflict

UPI continued its double-digit growth with more than Rs 25 lakh crore worth of transactions for the first time, and volumes approaching 19 billion.

Mobile payments register 30% jump in value to Rs 200 lakh crore in H2 2024: Report

Deployment of UPI QR codes, which are used to make payments, rose to 63.34 crore at the end of December 2024, the report revealed

SBI’s high UPI transaction failures continue to be a drag on the payments platform

Public sector lenders such as Union Bank of India and Bank of Baroda, which have fewer resources, have a lower failure rate than SBI, NPCI data shows

NPCI expands AI use to enhance customer safety in digital transactions

NPCI is conducting a pilot study in collaboration with public and private sector banks to integrate Artificial Intelligence (AI) and Machine Learning for strengthening customer safety, NPCI Chief Risk Officer Viswanath Krishnamurthy said here.

UPI transactions rise to record high of Rs 24.8 lakh crore in March

The average transaction value was also higher at Rs 79,903 crore a day, up 1.9 percent from February. Volumes rose 2.6 percent

Payment firms receive GST demand notice for transactions below Rs 2,000: Report

Officials are demanding tax from financial year 2017-18, when the GST regime was implemented, ET said.

RBI introduces framework for digital transaction authentication

Das said that instructions for the framework will be issued separately.

India sees 46% of world's total real-time digital transactions: President Droupadi Murmu

Her first address to a joint sitting of the two Houses in the new Parliament building resonated with references to the rapid expansion of the startup ecosystem, nation's AI push, speedy 5G roll-out, as well as the semiconductor sector investments.