🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Gyananjaya Behera

Stealth • 7m

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
1
Replies (3)

More like this

Recommendations from Medial

Image Description
Image Description

BigLoot IN

Stealth • 2m

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

3 replies3 likes

Mahendra Lochhab

Stealth • 7m

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.

0 replies5 likes
1
Image Description
Image Description

Mr khan

Stealth • 10d

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 ₹15 lakh crore (app

See More
7 replies2 likes
Image Description
Image Description

Varun D R

Stealth • 7m

📢 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

3 replies4 likes
Image Description
Image Description

Ashutosh Mishra

Stealth • 4m

𝗨𝗣𝗜 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁 𝗧𝗼 𝗕𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗼𝗺 ₹𝟭 𝗟𝗮𝗸𝗵 𝗧𝗼 ₹𝟱 𝗟𝗮𝗸𝗵 𝗙𝗼𝗿 𝗖𝗲𝗿𝘁𝗮𝗶𝗻 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀 The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transac

See More
3 replies31 likes
6
Image Description
Image Description

Arcane

Stealth • 6m

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
10 replies10 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 2m

7 Countries That waste most foods every year😧 🇮🇳 In India 68 Million tons food waste every year that cost around 34 billion dollars 💰 so why nobody is solving this problem ?

3 replies13 likes
5
Image Description

Applyly

Stealth • 2m

Paytm has launched a UPI statement download Feature By Applyly November 7, 2024 Introduction Paytm has launched a UPI statement download feature to support users in managing expenses and tax filing. This tool is common in developed countries. But Pay

See More
1 replies

Ashish Singh

Stealth • 21d

PhonePe is set to launch its IPO, showcasing impressive revenue growth of 74% year-on-year, reaching INR 5,064 crore in FY24. With a 50% market share in India's UPI transactions, it faces competition from Google Pay and Paytm. While the company's lea

See More
0 replies5 likes
Anonymous
Image Description

Anonymous

Stealth • 6m

let's see who will find this huge market gap idea in India . Company name - Baby Johnson's ( Kenvue ) Origin - American Market cap — $359.63 billion India insights — Johnson & Johnson's operating revenues range is Over INR 500 cr for the fina

See More
1 replies7 likes

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