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Gyananjaya Behera

Helping an Idea to S... • 10m

UPI Transactions Jump 5% MoM In May To 1,404 Cr Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore. Yearly Growth: Year-on-year, transaction count surged 49%, and volume increased by 37%. UPI processed over 100 billion transactions last year. Global Adoption: India accounts for nearly 46% of global digital transactions. The volume of UPI transactions in 2023 reached 117.6 billion, a 60% increase from 2022. International Expansion: India has signed MoUs with 30 countries to expand UPI globally. Countries like Sri Lanka, Mauritius, and Canada have adopted the UPI model. New Features and Regulatory Changes: NPCI introduced UPI Lite for low-value transactions, UPI Lite X for offline transactions, and Hello! UPI for voice payments. The NPCI is also considering a lower interchange fee structure and revising the market share cap on UPI service providers.

3 replies6 likes

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SHIV DIXIT

CHAIRMAN - BITE INDU... • 10m

Soon most of the nation's adopt our technology.

1 replies1 like

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The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

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UPI has reported 16.5 billion transactions for October 2024, worth Rs 23.5 lakh crore. HUGE GROWTH!

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📢 UPI apps should include second-party approval for higher-value transactions. Imagine an elderly person adding their son as an approver. The son approves, and the user completes the transaction with their PIN

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Arcane

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ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case

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UPI Transactions were down 3 times in a week and the reason is high transaction due to IPL, Basically people started using apps like dream 11 and other betting apps. I mean, its easy to beat 90% of people out there as they’re anyway losing it all.

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