buoyed by the spectacular progress of the Unified Payments Interface (UPI) and the plethora of digital payment options available, according to the Reserve Bank of India. While in CY (calendar year ...

The share of the Unified Payments Interface (UPI) in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average ...

UPI has been the most significant contributor to the growth of digital payments in India due to its usefulness and ease of use, the report points out. Image: IANS In contrast, share of other payment ...

India’s homegrown Unified Payments Interface (UPI) kept ruling the digital payments landscape securing more than 85% of the pie in terms of volume in 2024. According to the Payments System ...

Highlighting India's growing prominence in fintech and digital technology, President Droupadi Murmu has said that the country ...

UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a ...

The landscape of digital payments in India is evolving at a breakneck pace. With the introduction of UPI (Unified Payments Interface), India has become a global leader in real-time payment systems.

We do this on daily basis," Mehta said. UPI (Unified Payments Interface), which was introduced in 2016 by the National Payments Corporation of India (NPCI), allows users to easily make payments ...

Retail digital payments in India have grown 100-fold over the last 12 years, with the bulk of the growth credited to the popular Unified Payments Interface (UPI). From 1.6 billion in FY13 ...

Net additions to credit cards slowed down last year due to stricter norms introduced by the Reserve Bank of India (RBI ... by the credit-on-UPI (Unified Payment Interface) platform Kiwi attributed ...

When the National Payments Corporation of India was building a UPI or unified payments interface app for itself, it approached Juspay to develop BHIM. Its OTP read software made the checkout ...