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UPI transaction volume, value jump 8% in Oct on festival spending

UPI transaction volume, value jump 8% in Oct on festival spending
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Sunil rongalaHarish prasadSachin castelinoMandar agasheNational payments corporation of indiaSolutions globalUnified payments interfaceNational payments corporationSarvatra technologiesSenior vice presidentChief strategyTransformation officerIn solutions globalDuring jan junPwc india

WhatsApp changes tack on UPI; eyes wider market share via rival apps

WhatsApp changes tack on UPI; eyes wider market share via rival apps
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Mihir gandhiSunil rongalaNational payments corporation of indiaWhatsapp payGoogle payMeta indiaNational payments corporationAapp pay

Debit card usage slow for three years and UPI transactions up 428%

By Aathira Varier Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81

Sunil rongalaAniket daniParag raoRohit chhibarSavings bank depositUnified payments interfacePradhan mantri jan dhan yojanaBasic savings bank depositCrisil market intelligencePayment businessConsumer financeDigital banking

UPI Vs Debit Card Usage: ATM Card Spends Slow, UPI Transactions Up 428% In 3 Years

UPI transactions surge 428 per cent to Rs 15.33 lakh crore since July 2020 till now, while debit card spending rises just about 12 per cent

Sunil rongalaAniket daniWorldline indiaBusiness standardCrisil market intelligenceConversational bill paymentsDebit card transactions

Debit card usage slow for three years and UPI transactions up 428%

Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.

Parag raoRohit chhibarSunil rongalaAniket daniSavings bank depositUnified payments interfacePradhan mantri jan dhan yojanaBasic savings bank depositCrisil market intelligenceConsumer financeDigital bankingBusiness newsUsiness news indiaNdia business newsNdian economy newsNdian financial news

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