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NOVEMBER UPI DECLINE
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolutionIn the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transa...
- UPI rebounds from November dip, ends December with new high of 21.6 billion transactionsUPI hit record transaction volumes and value in December, rebounding after a softer November, driven by festive and year-end spending. Othe...
- UPI Autopay volume doubles in a year, NPCI launches portal for e-mandate managementUPI Autopay is experiencing rapid growth. Recurring payments via UPI Autopay have doubled in the last year. This surge is fueled by increas...
- UPI surge stalls NPCI’s other retail payment modesRegulatory data reveals that Immediate Payment System (IMPS), an inter-bank fund transfer mechanism, recorded 368 million transactions in N...
- UPI transactions dip in November after festive spike, but up 32% on-yearNPCI data shows UPI processed 20.47 billion transactions in November, down from 20.7 billion in October. The value of transactions also dec...
- UPI payments see dip in November as festive fervour recedesPayments through the UPI platform decreased by 7% in volume to 15.48 billion transactions in November. The transaction value also fell by 8...
- HDFC Bank UPI services will not be available on these two days in November; check detailsHDFC Bank has announced that its Unified Payment Interface (UPI) service will not be available for two days in November due to essential sy...
- NPCI eyes big-size spends on RuPay UPI credit cardsCurrently users split bills, pay their local vendors, taxi rides and retailers through UPI, the most popular smartphone-based payments mode...
- ETtech Exclusive: NPCI bulks up for one billion transactions per dayHit by several snags of late, NPCI aims to finish IT upgrades of all four transaction channels—UPI, IMPS, AePS and NACH—amid a surge in dig...
- WhatsApp Pay doubles its UPI transactions volume month-on-monthWhatsApp Pay processed 0.81 million UPI transactions worth Rs 29.72 crore, an over 100% increase in both volume and value compared to Novem...
- Paytm Bank has lowest UPI failure rateAmong public sector banks, the best performer was Oriental Bank of Commerce, which matches Paytm Bank’s rate of 0.8 per lakh but has less t...
- Consumer sentiment catches December chillSlowing growth or degrowth in spends across payment channels in the first fortnight of the month
- WhatsApp Pay off to slow start, has under 1% shareUPI is largely dominated by Google Pay and Walmart-owned PhonePe, who together control over 80% of transaction volume
- Autos to tea stalls: UPI makes inroadsGiven the low payment infrastructure cost, UPI is bridging the gap between organised retail and small merchants, which is resulting in shri...
- Govt’s epayments platform looks to regain market share lost to private competitionBHIM has garnered around 38 million app downloads and industry insiders say that it remains a very popular mode of transaction in smaller c...
- Digital payments take back seat on improved cash situationTransactions through debit and credit cards on PoS at merchant establishments also declined in January and February.
- Digital payments slump in February as cash flow easesAccording to data released by the Reserve Bank of India on electronic payments for February, card payments on point of sale devices fell 28...
- Impact of demonetisation: Cash takes a digital leapTransactions on UPI jumped to 4.2 million for January against 0.3 million in November while that on USSD leapfrogged to 3,14,000 in January...
- Demonetisation impact: Cash takes a digital leapTransactions on UPI jumped to 4.2 million for January against 0.3 million in November, while that on USSD leapfrogged to 3,14,000 in Januar...
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