Page 29 - Upi Transactions

UPI handled record 2.23 bn transactions, worth Rs 4 trn, in December

Payments system breached the 2-billion mark in volumes for the third time in December

WhatsApp Pay is easy to use, but take a few extra security measures

Make sure you guard against fraudsters who may try to trick you into sending them money

Google Pay, PhonePe account for 82% of UPI market by volume in Nov

New entrant into the market WhatsApp Pay had done 300,000 transactions in November, worth Rs 13.87 crore

Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion

Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn

WhatsApp makes a move towards e-commerce, rolls out a shopping button

The WhatsApp button will let users browse through a catalogue offered by a business

UPI firms say volume cap to hit biz; NPCI calls it a bid to curb dominance

Industry insiders suggest that this is aimed at bringing a balance in the UPI ecosystem, which is dominated by a few large players

NPCI puts cap on third party apps' share of UPI transactions starting Jan 1

Currently, third party applications such as PhonePe, Google Pay, Paytm, and Amazon Pay, dominate the UPI ecosystem, controlling a majority of the transactions

UPI transactions surpass 2-billion mark in October on festive boost

The transactions, which had crossed the one-billion mark in the first 15 days of the month, amounted to Rs 3.86 trillion in October

In a first, UPI transactions exceed ATM cash withdrawals, courtesy pandemic

But while cash withdrawals and dealings are declining, there has been a 20% YoY spike in the quantum os notes and coins help with the public

Currency with public rises 22.5% YoY to Rs 26.09 trillion as on Oct 9

Latest data showed that in the first 15 days of October, UPI transactions crossed 1 billion, experts say in the festive season this could breach 2 billion

UPI transactions cross 1 billion in first 15 days of October: RBI data

The transactions were worth Rs 1.92 trillion and broke previous records

SBI Card: Analysts see more upside given distribution network, biz model

As SBI Card is the largest pure credit-card issuer in India, analysts expect the company to grow faster than the sector average

India leads world, processes 41 mn real-time transactions a day: Report

Real-time payments doubled this year and transaction value increased by 80 per cent, says FIS Global.

Cash-to-GDP ratio could hit 14-15%, the highest since independence

This is assuming 10% contraction in India's nominal GDP; currency with public crossed Rs 26 trillion in mid September

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

UPI hits Rs 3.3-trillion transactions in September, shows RBI data

The value of transactions reached Rs 3.3 trillion, from Rs 2.98 trillion a month ago

UPI transactions stood at Rs 3.29 trillion in September, shows NPCI data

The Unified Payments Interface (UPI) transactions stood at Rs 3.29 lakh crore in September with number of transactions at 1.8 billion, NPCI data showed

UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value

The coronavirus (Covid-19) pandemic has resulted in massive adoption of UPI in the offline and online segments

We've been trying to shift firms to B2B payments: SBI Card MD & CEO

Since June, we have been on an upward trajectory, however, we are still not at pre-Covid levels. But we are getting there, said MD Tewari

UPI volumes at new high; digital transactions almost at pre-Covid levels

In August, UPI volumes touched 1.61 billion transactions worth Rs 2.98 trillion, compared to 1.49 billion transactions in July worth Rs 2.9 trillion