Page 31 - Upi Transactions

Digital payment transactions recover in June as Covid-19 lockdowns ease

In March, UPI had recorded a fresh high of 2.73 billion transactions amounting to Rs 5.04 trillion.

Voice critical to get the next 500 million in India to use digital payment

The challenge lies in getting digital transactions done in vernacular in a country with over 20 languages and many more dialects

Paytm makes offer for sale ahead of planned IPO; AGM on June 30

The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan

Walmart's PhonePe crosses 300 mn registered users, merchant network grows

The service now has over 20 million offline merchants across 11,000 towns and talukas in India

Digital Payment transactions decline in May from March-April levels

Cash withdrawal through ATMs, transactions through NEFT and RTGS also decline

India is at the cusp of AI innovation: Infosys chairman Nandan Nilekani

Says govt's focus on setting up transaction systems over past few years has created huge data sets across systems

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

BHIM UPI transactions come down slightly to Rs 4.94 trillion in Apr

The digital transactions through BHIM UPI in April this year fell by 2.2 per cent from a month ago

Paytm Payments Bank becomes the largest beneficiary on UPI platform

With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank

Paytm Payments Bank registers over 970 million transactions in March 2021

PPBL is also averaging 1 million savings and current accounts a month, and with over 64 million accounts

End of the plastic smile: Tectonic change is roiling credit card industry

Tectonic change is roiling the credit card industry, and the rules of the game are being reset

Top UPI players stare at uncertain future over 30% cap in market share

When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.

UPI transaction value touches new high at Rs 5 trn in March, volume up too

Launched in 2016, UPI crossed 1 billion transactions for the first time in October 2019.

SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in February

SBI was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India

PhonePe cements position as leading UPI app, WhatsApp falls behind

UPI, India's flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February.

UPI registers 2.29 billion transactions worth Rs 4.25 trillion in Feb

This is up 73% by volume and 90% by value YoY; FASTag touches all-time high by both volume and value