NPCI

PhonePe Claims 1 Mn Daily Transactions Worth $15.4 Mn In Nov, Taking Lead Over BHIM?

Flipkart owned UPI application PhonePe claims to have processed more than 1 Mn daily transactions value more than $15.4 Mn (INR 100 Cr) each individual day in November. Also, the application has realized a total Payments Volume (TPV) annual operate fee of $6.1 Bn (INR 40K Cr) inside 14 months of its launch. The corporation…

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

Following clocking 76.8 Mn transactions in Oct, the Unified Payments Interface (UPI) hit a file large of 105 Mn transactions final thirty day period. According to knowledge introduced by NPCI (Countrywide Payments Corporation of India), the in close proximity to 38% leap has mainly been due to the elevated adoption of UPI centered electronic payments…

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Digital Transactions Reach All Time High Of 956 Mn In October: RBI

A ton has been occurring in the Indian digital payments house. With the entry of massive gamers like Google, Amazon and now PayPal and the government’s generate toward cashless economic system, digital transactions in the nation attained an all-time superior of 965 Mn past thirty day period, as for each RBI information. This is the…

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Banks To Bring UPI Enabled Digital Payment Apps Under BHIM

As an further increase to the developing inhabitants of the Unified Payments Interface (UPI), Indian financial institutions, both community and non-public, are gearing up to align their digital payment answers beneath the umbrella of BHIM (i.e. Bharat Interface for Cash). Henceforth, BHIM will element as a prefix to the UPI application of every lender. To…

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