Never Give Up • 3d
Digital Payments Hit Record ₹11.31 Lakh Crore in a Day India witnessed an unprecedented surge in digital transactions during this year’s Navratri fueled by festive shopping and recent GST rate cuts. On a single day, transactions skyrocketed to ₹11.31 lakh crore, a nearly 10-fold jump from the previous day’s ₹1.18 lakh crore. Analysts attribute this boom to higher consumer sentiment, easier affordability after GST reductions and the growing preference for cashless payments. The trend highlights not only the festive spending power of Indian consumers but also the deepening shift toward a digital economy.
Hey I am on Medial • 7m
Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees. Fintech firms face high UPI processing costs, totaling
See MoreSmart. Sustainable. ... • 8m
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 MoreFounder of Friday AI • 2m
🚀 Should India Start Charging Fees for High-Value UPI Transactions? UPI is a world-class digital payments system — fast, free, and inclusive. But there's a hidden cost: 💸 Infra cost of ₹0.10–₹0.30 per transaction 🏦 Over ₹1,000 crore/month just t
See MoreI'm just a normal gu... • 5m
The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef
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