UPI Payment
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Maldives President Muizzu Announces Plan to Implement UPI System Nationwide
This decision comes after India has agreed to share its know-how in the roll out of digital and financial services, besides contributing to the development of Digital Public Infrastructure (DPI) through the launch of UPI and the Unique Digital Identity during Muizzu's State Visit to India earlier this month.
UPI Transactions Soar to 15.04 Billion in September, Total Value Reaches Rs 20.64 Lakh Crore
Average daily transaction amount stood at 501 million, up from 483 million in August; average daily transaction amount reached Rs 68,800 crore from Rs 66,475 crore in August.
UPI Handles Rs 81 Lakh Crore in Transactions from April to July, Surging 37% Year-on-Year
According to recent data provided by the global payments hub Paysecure, it recorded 3,729.1 transactions per second, up 58 percent from 2,348 transactions a second in 2022. This number reportedly outstrips the transaction volumes for China's Alipay, PayPal, and Brazil's PIX.
India's E-Commerce Payments Expected to Exceed $292 Billion by 2028, Report Reveals
The outlook for e-commerce payments in India, on the other hand, is pretty good due to a range of government initiatives like 'Make in India' and 'Startup India'. Added to this is the surge in the number of online shoppers.
NPCI Chief Predicts UPI Transactions Will Reach 100 Billion in the Next Decade
We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit is going to be the backbone of this growth," Asbe said at the Global Fintech Fest here. He pointed out that credit has already been launched on UPI and the commercials would be released within a couple of weeks.
Paytm Stock Rises 5% Following Government Approval for Investment in Paytm Payments Services
The stock was last trading at Rs 565.05 on the BSE, while on the NSE it surged 4.98% to Rs 564.80 a share.
RBI Governor Das Prioritizes Global Expansion of UPI and RuPay
Das pointed out that Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and many others have made enough progress. He congratulated the NPCI and his colleagues in the Reserve Bank for what they have been able to achieve so far, but underlined that much more needs to be done in this national project.
US Private Banks Encouraged to Adopt UPI for Quicker Digital Payments: Fed Reserve Governor
Addressing the 'Global Fintech Fest' in the financial capital, he said that although the US does not have enough banks connected to make a full-service product, "we have some private banks which can connect to the UPI," and for this, "we first need to build a compelling value proposition for such an integration.
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