UPI growth: UPI growth 2.0: Efforts on to crack DBT code
UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.
Source: indiatimes.com
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UPI Growth 2.0: Efforts on to Crack DBT Code
The Reserve Bank of India and banks are looking to get beneficiaries of the government's direct benefit transfer (DBT) schemes to do their routine transactions on the Unified Payments Interface (UPI) platform, in a bid to make more people transact digitally instead of cash.
Source: indiatimes.com
UPI's rural push; India as software IPO destination
Happy Wednesday! The countrys central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in todays ETtech Morning Dispatch.
Source: indiatimes.com
UPI Transactions Surpass 11 Billion In Oct On Strong Festive Spending -
FE Transactions on the unified payments interface (UPI) platform surpassed 11 billion in October as consumer spending increased during the festive season. The transaction volume rose 56.2% year-on-year(y-o-y) in October, latest data from National Payments Corporation of India(NPCI) showed. “There has been a notable increase in transactions during October, particularly due to the festive season.…
Source: khabarindia.in
upi: Over 11 billion UPI transactions recorded in Oct, purchases cross Rs 17 lakh cr
In October, the National Payments Corporation of India reported a record-breaking 11.41 billion UPI transactions, totaling Rs 17.16 lakh crore, driven by the festive season and increasing consumer adoption of UPI for secure and convenient mobile payments.
Source: indiatimes.com