Back
Gyananjaya Behera
Helping an Idea to S...ย โขย 1y
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.
Replies (3)
More like this
Recommendations from Medial
Chayan Das
ย โขย
ZeroBizzย โขย 4m
UPI Transaction Trends โ May 2025 Update! Indiaโs digital payment ecosystem continues to thrive, with UPI transactions hitting new milestones! Hereโs the breakdown for May 2025: Top Performers by Volume & Value: PhonePe: Dominated with 8,682M t
See More
Mr khan
Smart. Sustainable. ...ย โขย 9m
UPI Statistics for December 2024: Total Transactions: December 2024 mein, UPI ne over 10 billion transactions process kiye, jo pehle ke months ke comparison mein kaafi zyada tha. Transaction Value: UPI transactions ki total value โน15 lakh crore (app
See More
Ashutosh Mishra
Chartered Accountantย โขย 1y
๐จ๐ฃ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐๐ถ๐บ๐ถ๐ ๐ง๐ผ ๐๐ฒ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐๐ฟ๐ผ๐บ โน๐ญ ๐๐ฎ๐ธ๐ต ๐ง๐ผ โน๐ฑ ๐๐ฎ๐ธ๐ต ๐๐ผ๐ฟ ๐๐ฒ๐ฟ๐๐ฎ๐ถ๐ป ๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐ถ๐ฒ๐ The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transac
See More
Swamy Gadila
Founder of Friday AIย โขย 2m
๐ Should India Start Charging Fees for High-Value UPI Transactions? UPI is a world-class digital payments system โ fast, free, and inclusive. But there's a hidden cost: ๐ธ Infra cost of โน0.10โโน0.30 per transaction ๐ฆ Over โน1,000 crore/month just t
See More
Dr Sarun George Sunny
The Way I See Itย โขย 2m
The National Payments Corporation of India (NPCI) is developing UPI 3.0, an upgrade to its UPI that will enable payments through smart devices. The new system will be Internet of Things (loT) -enabled, allowing automated transactions via devices such
See More
Arcane
Hey, I'm on Medialย โขย 1y
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
See More
Download the medial app to read full posts, comements and news.