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The record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 billion in March. In May, the average daily transaction value was Rs 65,966 crore with average daily volumes at 453 million. UPI is the fastest growing digital payments channel in the country.
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
According to a recent media report, the Adani Group, headed by Gautam Adani, is thinking about investing in Paytm, the top financial services and digital payments company in India.
IPhone 15 is now available on Amazon for under Rs 45,000! Grab this amazing deal with exchange offers, no-cost EMI, and instant discounts. Learn more about the iPhone 15's specs and features in this article.
Adani Group sets sights on digital payments! Eyes on UPI, credit cards & more. Will Adani disrupt India's digital payment landscape?