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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
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How ATMs Make Money ā Let's Find Out! š¤šø 1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income. 2. Balance Inquiry Fees: Checking yo
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A recent survey conducted by LocalCircles found that 75% of Indiaās UPI users may discontinue using the platform if transaction fees are introduced. This highlights the immense sensitivity of consumers towards any potential charges on a service that
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š Amazon Introduces Marketplace Fee for Buyers in India Amazon India has quietly rolled out a marketplace fee on select buyer transactions starting June 2025. This nominal fee (ā¹2 to ā¹10 approx.) is added during checkout, primarily on low-ticket it
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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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