UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
UPI transactions continue to rise and total monthly transaction amount touched ₹18.23 lakh crore, 54 percent year-on-year higher than Dec 2022.
Source: livemint.com
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Year ender 2023: UPI transactions rose 147% in 5 years. A look at new features announced this year
The value of UPI transactions has seen a considerable rise, from Rs 1 lakh crore in FY 2017-18 to Rs 139 lakh crore in FY 2022-23, marking a CAGR of 168%.
Source: businesstoday.in
UPI tap and pay expected to go live by Jan 31 next year: Report
An NPCI circular said that UPI members can go live with the UPI Tap and Pay functionality by January 31, 2024
Source: livemint.com
npci credit payments: NPCI introduces credit, NFC-based payments to scale UPI service
The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.
Source: indiatimes.com
Hello, UPI: Use voice commands to send money, pay bills; know new UPI features and how they work
New UPI features: Conversational payments on UPI is a process where the user speaks to an AI-powered device, such as a smartphone, and requests it to conduct payments. A user will no longer need to input commands manually to transact through UPI. They can simply speak to the AI-powered solution to complete payments.
Source: indiatimes.com