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UPI crosses 2.3B transactions, says NITI Aayog CEO Amitabh Kant UPI's transaction value jumped 76.5 percent while transaction value jumped nearly 100 percent, said NITI Aayog CEO Amitabh Kant. 0 claps The Unified Payment Interface (UPI) has surpassed 2.3 billion transactions amounting to Rs 4.2 trillion for the month of January 2021. NITI Aayog CEO Amitabh Kant said in a tweet: "Phenomenal! UPI recorded 2.3 billion transactions worth Rs 4.3 trillion in Jan 2021. On a YOY basis, UPIs transaction value jumped 76.5 percent while transaction value jumped nearly 100 percent. It took UPI 3 years t...

Supreme Court Weekly Roundup [Jan 25 – Jan 31] Share This - x Top Stories: 1. 'We Are Concerned About Broadcasts Which Incite Violence' : Supreme Court Seeks Clarity From Centre On Powers Under Cable TV Act A Bench led by CJI SA Bobde asked the Central Government about its powers under Cable TV Networks(Regulation) Act 1994 to control broadcast of content (by electronic media), that has a tendency to incite violence. "We aren't concerned so... Your free access to Live Law has expired To read the article, get a premium account. Your Subscription Supports Independent Journali...

How India can live up to its full potential By eliminating frictions, the world’s largest democracy can generate higher and more inclusive growth. Illustration by Paul Wearing In a remote tribal village in Dumarthar in the state of Jharkhand, Sapan Patralekh, the headmaster of a middle school, has come up with an innovative teaching method in a region plagued by poor connectivity. He has converted the walls of adjacent houses into blackboards, allowing 300 students to continue learning while maintaining social distance. Related stories by Deepa Krishnan In crowded cities, traditional mom-an...

January 13, 2021 While digital payment adoption began to grow significantly post demonetisation, the COVID-19 pandemic accelerated this shift over the last year, according to PwC India’s Indian Payments Handbook. The total value of digital payments is expected to grow to ₹238 lakh crore by 2024-25 from ₹92 lakh crore in 2019-20, while the total volume of transactions is expected to grow to 167 billion from 42 billion during the same period, the report says. “Growth in digital payments in India has been driven by multiple factors such as the launch of new and innovative payment product...

SAN JOSE, Calif. – Xoom, PayPal’s international digital money transfer service, Dec. 21 announced its integration with NPIL’s/NPCI’s Unified Payments Interface (UPI), a real-time payment system facilitating inter-bank transactions in India. Non-Residential Indians (NRIs) and Persons of Indian Origin (PIOs) living in the United States, Canada and Europe can now remit money to their family and friends in India. Using UPI to send money to India via Xoom is easier as overseas senders only need to know Indian receivers’ UPI identity (ID) to send remittances instantly, 24 b...