UPI transactions dip 1% in June as value crosses ₹20 lakh cr again
UPI transactions had hit a historic high in May as volume surged 49% YoY to 14.4 billion while value hit ₹20.45 lakh crore, up 37% YoY
upi transactions
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Payments via mobile wallets in India to outstrip ₹531.8 lakh cr by 2028: GlobalData
Value of mobile wallet transactions in India reached ₹208.25 lakh cr in 2023, with a CAGR of 72.1% between 2019 and 2023
Soon, you can deposit cash using UPI at ATMs: RBI
RBI also allows UPI access for prepaid payment instruments via third-party applications
Currency in circulation during Diwali dips 2nd time straight in 20 yrs
Dip attributed to changing payment system, including the emergence of UPI, wallets & QR code, which has made it simple and cheaper to transfer money digitally
UPI revolutionising digital space; linkage with RuPay game-changer: RBI report
India Finance Report 2023 by CAFRAL under the RBI shows how UPI has changed the digital payments landscape in India
UPI transactions at 9.3 bn in June, double of Jan 2022
UPI transaction value increased from ₹8.3 lakh crore in January 2022 to ₹14.7 lakh crore in June 2023.
Brace up for 100 billion UPI transactions a month, 'sachetisation' of credit: NPCI's Asbe
Driven by the growth of credit on the platform, UPI is targeting 2 billion transactions a day which pegs the growth opportunity in merchants and users at more than 3 times
UPI transactions top 10 bn in Aug; PM Modi says ‘exceptional news’
UPI transactions see 61% year-on-year growth in volume terms, while 47% YoY growth in terms of the transaction amount
UPI transactions hit record high of ₹14.3 lakh cr in May
The number of UPI transactions increased to 941 crore in May compared with 889 crore in April.
UPI to be used for 90% of retail digital payments by FY27: PwC
Credit card on UPI, int’l transactions for foreign inbound travellers and cross-border transactions on UPI, credit lines on UPI to benefit to ecosystem players, says report
