Curated By: Business Desk Last Updated: September 27, 2023, 13:46 IST UPI transactions were 151 million in January 2018. The Person 2 Merchant (P2M) transactions in India amounted to 57.5 per cent of all the UPI transactions in June 2023. Worldline, a global leader in payment services has released its Digital Payments Report for H1…
Curated By: Business Desk Last Updated: September 23, 2023, 18:53 IST HDFC officials believe these products represent the future of digital payments. HDFC Bank has empowered Indane Gas customers regardless of the phone type to effortlessly book and pay for their gas cylinders. HDFC Bank, a prominent private sector lender, has rolled out three innovative…
Curated By: Business Desk Last Updated: September 22, 2023, 13:22 IST RBI has now allowed banks to offer a credit line facility to UPI users. This facility can be used through UPI applications such as Google Pay, Paytm, MobiKwik and mobile banking UPI applications. RuPay credit card holders of several banks can now make Unified…
UPI is a convenient mode of payment and almost everyone uses it these days. UPI transactions surge 428 per cent to Rs 15.33 lakh crore since July 2020 till now, while debit card spending rises just about 12 per cent Even as India has witnessed significant growth in cashless transactions in the past few years,…
Even as UPI transactions have been gaining significant growth, a new feature is soon going to be added to the UPI app — voice-enable UPI payments. through this, users will soon be able to send money to anyone by giving just voice commands, instead of text-based inputs. RBI Governor Shaktikanta Das last week announced the…
In his maiden Independence Day speech as Prime Minister on August 15, 2014, Narendra Modi broke convention by speaking extempore for 65 minutes. Sporting a polka-dotted Gujarati red-and-green turban, Modi played the outsider card, explaining to a national audience how Delhi’s elites looked upon him as an ‘untouchable’ and how he found not one united…
Curated By: Business Desk Last Updated: September 07, 2023, 11:56 IST UPI transactions in India have seen substantial growth over the years. On September 6, the National Payments Corporation of India (NPCI) launched new payment options that include conversational transactions. The Unified Payment Interface (UPI) is a popular mode of payment for digital transactions. New…
Curated By: Business Desk Last Updated: September 07, 2023, 11:59 IST UPI is a convenient mode of payment and almost everyone uses it these days. We have become accustomed to UPI payments almost everywhere – from grocery stores, and restaurants to petrol pumps. Contactless transactions have surged exponentially in India in the last 3 or…
The Reserve Bank of India (RBI) has said the UPI system will also include pre-sanctioned credit lines issued by banks for transactions. Earlier, only the deposited amount could be transacted through the UPI system. In April, the RBI proposed to expand the scope of the Unified Payments Interface (UPI) by enabling transfer to/from pre-sanctioned credit…
This comes after India had almost touched the 10-billion mark in July as well, clocking 9.96 billion transactions through UPI. (Representational image: X) Till August 30, a total of 10.24 billion transactions were done digitally through UPI in the month with one day’s tally still to be added. This is a nearly 52% year-on-year growth…