Market-linked transactions fall 8.6% even as most consumption categories show strong festive gains
UPI payments at fast-food outlets surged 255% in April–August 2025 from the same period in 2023, while transactions at department stores slumped nearly 80%
In March 2025 alone, UPI recorded its record-highest of 19.78 billion transactions, amounting to Rs 24.77 lakh crore in value.
Volumes at 16.73 billion hit their highest mark. Daily transaction value also rises from the previous month
The share of cash payments in private final consumption expenditure or India’s consumption spending, has declined from 80.6 percent in 2021 to 51.9 percent in the first quarter of 2024
By value, transactions remain above Rs 20 lakh crore for a fifth month in a row. Transactions grew 31 percent to Rs 20.64 lakh crore from the year-ago period
Unified Payments Interface (UPI) transactions involve transferring money directly from your bank account to another party. If unauthorised access occurs, it can lead to financial losses. Here are some essential tips to help you secure your UPI transactions.
With robust residential sales that is expected to continue in 2023, developers are adding on to their land parcels. They are also encouraged by expected easing of interest rates, fair prices of land, and support from institutional funding agencies.
UPI was linked to its equivalent network in Singapore called PayNow in order to enable cross-border remittances between the two countries on Tuesday.
The new norms, which will come into force with immediate effect, allow business entities to hedge risks associated with the bonds market.
As many as 8 percent of the 11,499 respondents said they had paid over 50 percent in cash. Nearly 15 percent had paid 30-50 percent of the transaction amount in cash; 13 percent had paid 10-30 percent cash and the remaining 8 percent had paid up to 10 percent of the value in cash during property deals
Aadhaar Enabled Payment System (AEPS), too, has been an enabler of financial inclusion, the release noted.
Ultimately, the services will be made available in all 15,000 village and ward secretariats in the state over the next few months, according to Special Chief Secretary (Revenue) Rajat Bhargava.
Due to a "technical issue," 75,000 payments by some 2,000 corporate and commercial account holders were made twice to their recipients, the bank said in a statement sent to AFP
The company which is the market leader in UPI transactions said that the growth comes from rapid traction across Tier II and III cities
Digital payments in value reached Rs 3,000 lakh crore in 2020-21, government informed the parliament.
Adoption of payments instruments by Paytm Payments Bank including Paytm Wallet drove around 60 percent of the platform’s total registered transactions
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.
This is down by 33.6 percent from Q1FY19, and is also the lowest Q1 activity fee since $122.9 million generated in Q1FY16
Global card network provider Visa aims to phase out the two-factor authentication (2FA) process on routine card transactions during digital checkouts and replace the scrutiny layer with a risk-based prompt.
The board is in the final stages of formulating the $100-120 million all-cash deal.
The number of banks on UPI in May also fell to 143 compared to April's 144.
Cities such as Bengaluru, Chennai and Hyderabad recorded on average 72 percent primary transactions, while Mumbai, Pune and Kolkata showed almost an equal distribution, according to a FICCI-Grant Thornton-Escrowffrr Report.
Bengaluru reports the highest demand for office space and accounts for more than the combined share of markets of Delhi-NCR, Mumbai and Hyderabad
Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed the cap to be Rs 3 lakh with effect from April 1.