UPI transactions surge by 49% Year-on-Year in June 2024, says NPCI

The data shows a 49% year-on-year (YoY) increase in the number of UPI transactions, reaching 13.89 billion in June 2024.

The National Payments Corporation of India (NPCI) on Monday released the UPI (Unified Payments Interface) transaction volume data for June ...

NPCI has released the latest data on UPI transactions for July 2024, showcasing impressive growth.

UPI monthly transaction count rises 50% YoY to 13.30 billion in April 2024

by Finclusion

May 1, 2024

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In a significant development for India's digital payment journey, the Unified Payments Interface (UPI) has continued its impressive growth trajectory, ...

Razorpay has announced the launch of Instant Refunds on UPI transactions by Razorpay POS. (Image source: Razorpay Website)

Razorpay POS introduces instant refunds within 2 minutes for failed UPI transactions

by Finclusion

January 23, 2024

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Razorpay has announced the launch of Instant Refunds on UPI transactions by Razorpay POS. The solution will allow merchants to ...

This collaboration aims to enhance the existing UPI merchant acceptance network in the region. (Image source: Freepik)

UPI transactions grew from ₹1 lakh crore in FY18 to ₹139 lakh crore in FY23 in value

by Finclusion

December 19, 2023

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Unified Payments Interface (UPI) transactions have grown from 92 crore in FY 2017-18 to 8,375 crore in FY 2022-23 at ...

This strategic partnership aims to establish a reliable and efficient real-time payments platform within Peru. (Image source: Freepik)

UPI transactions crosses 11 billion mark for 2nd straight month in November

by Finclusion

December 1, 2023

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The Unified Payments Interface (UPI) has been reshaping the contours of financial transactions in India. Born out of the visionary ...

How UPI can secure 90% of retail transactions in 5 years

by Finclusion

November 3, 2023

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The Unified Payments Interface (UPI) has changed the way people transact or make mobile payments in India. Emerging as a ...

RBI issues guidelines for banks to prevent frauds through UPI

by Finclusion

October 26, 2023

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Digitalization has given a boost to fast-paced financial transactions in India making way for the Unified Payments Interface (UPI) to ...

UPI is going international; Opening doors for efficient cross-border trade, remittances, & collaborations

by Finclusion

October 23, 2023

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India's Unified Payments Interface (UPI) has made a significant stride towards digital financial inclusion, transforming the way Indians make payments. ...