🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

UPI transactions decline in February but remain strong YoY

EntrackrEntrackr · 12m ago
UPI transactions decline in February but remain strong YoY
Medial

UPI transactions decline in February but remain strong YoY Unified Payments Interface (UPI) recorded 16.11 billion transactions in February 2025, reflecting a slight 5.2% decline from January’s 16.99 billion transactions, according to data released by NPCI. However, on a year-on-year (YoY) basis, UPI transactions surged 33% compared to February 2024. In terms of transaction value, UPI processed Rs 21.96 lakh crore in February, down 6.5% from Rs 23.48 lakh crore in January 2025. Despite the monthly dip, the transaction value witnessed 20% YoY growth. A seasonal dip in February, which has fewer days than January, is a common trend for UPI. The daily transaction average in February stood at 575 million, slightly higher than 548 million in January. The average daily transaction value also increased to Rs 78,446 crore in February from Rs 75,743 crore in January. While UPI transactions saw a slight pullback from the record figures in January, the YoY growth signals a steady upward trend. In January, PhonePe led the chart with 8.1 billion transactions, followed by Google Pay with 6.18 billion, while Paytm secured the third spot, processing 1.15 billion transactions. The monthly breakdown for February has yet to be released. NPCI Chief Dilip Asbe recently revealed that UPI has 450 million users, with 200 million active daily. He emphasized the need for RBI, the government, and financial institutions to support strategies aimed at onboarding 200-300 million more users. NPCI is also set to establish a 5,000-capacity research and development (R&D) center to accelerate innovation in payments technology and strengthen global collaborations.

UPI sets new monthly record with 21.7 Bn transactions in January

EntrackrEntrackr · 25d ago
UPI sets new monthly record with 21.7 Bn transactions in January
Medial

UPI sets new monthly record with 21.7 Bn transactions in January On a year-on-year basis, UPI transaction volumes grew 28% in January, while transaction value increased 21% YoY. In value terms, UPI transactions stood at Rs 28.33 lakh crore. Unified Payments Interface (UPI) sustained its growth momentum in January 2026 and recorded 21.7 billion transactions, compared to 21.63 billion transactions in December 2025, according to data released by the National Payments Corporation of India (NPCI). On a year-on-year basis, UPI transaction volumes grew 28% in January, while transaction value increased 21% YoY. In value terms, UPI transactions stood at Rs 28.33 lakh crore, compared to Rs 27.97 lakh crore in December. The average daily transaction count was 700 million, versus 698 million in the previous month, while the average daily transaction value reached Rs 91,403 crore, compared to Rs 90,217 crore in December. For comparison, UPI had processed 20.47 billion transactions worth Rs 26.32 lakh crore in November 2025. While NPCI is yet to release app-wise data for January 2026, December figures show that PhonePe led the ecosystem with 9.81 billion transactions, accounting for around 45% of total volumes and nearly 49% of transaction value. Google Pay followed with 7.5 billion transactions, while Paytm ranked third with 1.65 billion transactions. Other players such as Navi, super.money and the government-backed BHIM app also contributed, with BHIM overtaking CRED in transaction volumes during the month. Beyond India, UPI continues to expand internationally. The payments system is already live in markets such as Singapore, the UAE, Nepal, Bhutan, Sri Lanka, Mauritius and France, while NPCI works on further expansion to countries including the UK, Australia and select regions in Southeast Asia and the Middle East.

UPI Transactions See Marginal Dip To 1,330 Cr In April

Inc42Inc42 · 1y ago
UPI Transactions See Marginal Dip To 1,330 Cr In April
Medial

In April, the transaction volume for Unified Payments Interface (UPI) in India reached INR 19.64 Lakh Cr, slightly lower than the previous month's INR 19.78 Lakh Cr. However, it increased by 40% compared to April of the previous year. UPI transactions decreased by 1% MoM to 13.30 Bn in April. On a YoY basis, the transaction count surged 50%. The Indian payment infrastructure has expanded globally, entering markets such as Nepal, France, and New Zealand. Efforts are being made by the National Payments Corporation of India (NPCI) to boost UPI adoption through new features and services. The NPCI is also considering lower interchange fees for UPI transactions and revising its decision on the market share cap for payment players.

PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position

EntrackrEntrackr · 17d ago
PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position
Medial

PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position PhonePe remained the leader in the Unified Payments Interface (UPI) ecosystem in January. The Walmart-backed fintech processed 9.91 billion transactions, with a 45.7% share of total volume and a 48.6% share by value among UPI apps. Overall, the UPI processed 21.7 billion transactions worth Rs 28,33,481 crore during the month. Google Pay held on to the second position with 7.23 billion transactions. The platform accounted for 33.3% of overall transaction volume and 33.8% of total value. Paytm ranked third with 1.66 billion transactions, translating into a 7.7% share by volume and 6.4% by value. In value terms, Paytm’s UPI transactions amounted to Rs 1,81,973 crore during the period. With the current trend, PhonePe is expected to cross 10 billion monthly transactions very soon. Among mid-sized players, Navi recorded 709 million transactions worth Rs 37,956 crore, followed by super.money, which processed 298 million transactions valued at Rs 12,546 crore. FamPay also continued to gain traction on the UPI platform. The fintech player processed 161 million transactions in January, allowing it to move ahead of CRED in terms of transaction volume during the month. In December, the government-backed BHIM app had overtaken CRED in volume. That trend continued in January, with BHIM handling 172 million transactions worth Rs 22,026 crore, while CRED processed 157 million transactions. Despite lower volumes, CRED continued to lead in value, with transactions amounting to Rs 58,841 crore, reflecting its focus on higher-value payments. Axis Bank’s UPI apps recorded a total transaction volume of 153 million, driven largely by business-to-consumer payments. WhatsApp Pay processed 113 million transactions worth Rs 8,358 crore. Both platforms accounted for less than 1% of total UPI volumes.

Digital payment via UPI spikes on person-to-merchant transaction growth: Report

Economic TimesEconomic Times · 2y ago
Digital payment via UPI spikes on person-to-merchant transaction growth: Report
Medial

In August, digital payments through the Unified Payments Interface (UPI) exceeded 10 billion transactions, primarily driven by Person-to-Merchant (P2M) transactions, according to a report by Worldline. UPI transactions have seen substantial growth from 151 million in January 2018 to 9.3 billion in June 2023. P2M transactions, accounting for 57.5% of all UPI transactions in June 2023, indicate the future growth of UPI. The report also noted a reduction in the average ticket size (ATS) for UPI P2M transactions, indicating increased use for microtransactions. Electronic Toll Collection (ETC) has seen significant adoption, with 56.5% growth in issued tags and increased transaction volumes and values.

Paytm UPI payments drop further in March; PhonePe, Google Pay show gains

Economic TimesEconomic Times · 1y ago
Paytm UPI payments drop further in March; PhonePe, Google Pay show gains
Medial

Paytm, a leading digital payments company, experienced a slight decline in Unified Payments Interface (UPI) transactions in March. While Paytm processed around 1.2 billion UPI transactions, down from 1.3 billion in February and 1.4 billion in January, its competitors PhonePe and Google Pay saw an increase in transaction volumes. Google Pay processed 5 billion transactions in March, while PhonePe processed 6.5 billion transactions. Paytm has been steadily losing market share on UPI and has shifted its UPI payments to four large banks. Overall, UPI payments rose to 13.4 billion in March. NPCI is closely monitoring the market share dynamics as there is a regulatory mandate to restrict any single payment application from exceeding 30% market share on UPI.

Download the medial app to read full posts, comements and news.