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Gyananjaya Behera

Stealth • 5m

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.

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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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Anonymous

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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 ?

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Jayant Mundhra

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