UPI Transactions

280 Crore UPI Transactions Worth Rs 5.5 Lakh Crore In 30 Days! UPI Hits All Time High Record According to recent information provided by the National Payments Corporation of India (NPCI), the instant real-time payment system Unified…

The digital payments market may have recorded 2.53 billion transactions worth Rs 4,90,638 crore UPI transactions increased by double digits during the lockdown months as the virus spread and customers began to prefer digital payments.…

Income tax will be charged on UPI transactions and e-wallet payments too. With the volume of transactions via e-payments and UPI gaining exceeding traction, especially during the past few months. Factors like restrictions in terms of…

UPI Transactions Under Rs 50 Can Be Banned For These Apps? Here Are The Details It seems that a surge in low-ticket transactions across gaming apps during the IPL season is causing a headache for India’s Unified Payment Interface. …

Truecaller to discontinue its payments services and focus on core areas like communication and security. The caller ID smartphone application Truecaller will no longer continue its UPI services, as it wants to currently focus on its…

This Govt Bank Is #1 In UPI Failure Rate; SBI's Failure Rate Reduced By 83% In 30 Days Yet again, the Union Bank of India has now become the top remitter bank in UPI transaction failure. The data from NPCI has revealed that the failure…

UPI Records 100% Growth In January: Rs 4.2 Trillion Worth Of Transactions With 2.3 Billion Transactions Online money transfer is becoming a norm with each passing day. The Unified Payment Interface (UPI) is the most popular way of…

UPI Will Capture 59% Share Of Digital Payments By 2024; Growing At 440% Per Year! The online mode of transactions has been favored in recent times; it first started after demonetization was announced and is now being pushed especially…

UPI, RuPay Transactions Still Being Charged By Payment Gateways; Govt Asks Tough Questions A recent report from Economic Times reveals that payment gateway service providers are defying a government notification by charging merchants a…

Banks association and payments forums urge the Centre to restore the Merchant Discount Rates. Starting January 1, 2020, Finance Minister Nirmala Sitharaman announced for all businesses with an annual turnover of Rs 50 crore or more to…