Page 24 - Upi Transactions

BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn

The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter

UPI processes 5 bn transactions in March, gets set for new record

The platform's target is to process a billion transactions a day in the next three to five years.

UPI transactions likely to touch Rs 100 trillion soon: Shaktikanta Das

RBI launches UPI for 400 mn feature phone users to widen digital payment reach

Value of UPI transactions declined to Rs 8.27 trillion in Feb: NPCI data

There were a total of 452 crore (4.52 billion) transactions in February 2022

Nepal to become first country to deploy India's UPI platform

The international arm of the NPCI on Thursday announced to deploy UPI in Nepal to bolster interoperable real-time P2P, P2M and potential cross-border P2P remittances between Nepal and India.

How will UPI Lite allow payments without internet?

Technology, sure, is making our lives better. Very soon, you may be able to make digital payments up to a certain amount without an active internet connection. Let us find out how

TMS Ep105: Coal crisis, Gautam Adani, RBI's policy decision, UPI Lite

Another coal shortage crisis looming over India? What explains Gautam Adani's meteoric rise? Will bond yield volatility affect RBI's policy decision? What is UPI Lite? Find all answers here

UPI AutoPay e-mandates jump 32% to 6 million in December, shows data

The AutoPay platform of UPI is also being touted as the pillar for its next phase of growth

1 bn transactions a day on UPI quite possible in 3-5 years' time: NPCI CEO

"If we don't do anything, we will achieve this target in the next ten years. But we should aim to do it in the next 3 - 5 years' time," Asbe said

UPI faced downtime for several hours on Sunday due to technical glitch

Sources said, UPI was operational after 5 PM on Sunday. There were multiple level hardware failures which is why UPI faced downtime

UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion

Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion

Average value of UPI, RuPay transactions below Rs 2000, marking stagnancy

Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card.

Govt announces scheme for digital transactions using UPI, RuPay debit cards

Financial outlay for one year is Rs1,300 cr

RBI announces proposal to push UPI payments through feature phones

USSD 2.0, which facilitates UPI for feature phones, accounts for only 0.003 per cent of total UPI volumes and value transactions

Discussion paper on charges in digital payments to be out in a month

Experts said at no point in time will customers be charged for payments

RBI to have on-device wallets in UPI apps for small-ticket transactions

RBI proposed an "on-device" wallet in UPI apps aiming to conserve banking systems' resources without changing the transaction experience for the user.

UPI breaks 5-month growth streak; transactions decline 0.71% in November

In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

Underlying digital payments infra must meet upcoming rise: Google Pay exec

Points to the surge the number of UPI transactions, which are nearly doubling each year

NPCI arm, Network Int join hands for UPI payment system in UAE

The proposed rollout of UPI mobile payment solutions on Network International's merchant network in the UAE is expected to commence in the first quarter of 2022

NPCI ties up with leading payments provider PPRO to take UPI global

NPCI International Payments Ltd has collaborated with fintech firm PPRO, a global provider of local payments infrastructure, to expand growth of India's digital payments ecosystem.