UPI transactions grow from ₹1 lakh cr to ₹139 lakh cr in 5 years: FinMin
In the current fiscal year up to December 11, 2023, UPI has already achieved an impressive 8,572 crore transactions.
In the current fiscal year up to December 11, 2023, UPI has already achieved an impressive 8,572 crore transactions.
In this blog, we will explore how AI is revolutionising payments technology and the profound impact it is having on businesses and consumers alike.
The total loan disbursements grew 357% YoY to ₹9,958 crore, while the number of loans grew 117% YoY to 0.37 crore in Q3 FY23.
In terms of alternative payment solutions, Google Pay has overtaken Amazon Pay to become the most preferred online payment solution in India, while Paytm ranked third
For Q4 FY22, Paytm’s net loss widens by 71% YoY to ₹762.5 crore, while revenue from operations rose 89% to ₹1,540.9 crore
e-RUPI will see more innovation in 2022, be it in corporate gift vouchers, processing donations, or usage by the government for direct benefit transfers.
The transition to card tokenisation might not be a smooth one, where all participants institutions are likely to face some disruption during the initial days.