Mumbai: The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 percent in 2019 to an impressive 83 percent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 percent over the last five years, according to the RBI’s payment system report. In contrast, the share of … Read more
New Delhi: The Unified Payments Interface (UPI)-based digital transactions continued to surge, and in October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016. According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 … Read more
New Delhi: As India’s digital and less-cash journey gains steam, more and more people are not only purchasing their daily essentials via unified payments interface (UPI) mode of digital transactions but also costly home appliances, high-end gadgets and designer apparels, among other things. The seamless digital journey via the UPI mode has also resulted in … Read more
