UPI witnessed a 45 per cent year-on-year (YoY) growth in transaction count in October 2024 and a 37 per cent YoY growth in transaction amount
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One of the key changes introduced is the enhancement of the per-transaction limit for UPI123Pay from Rs 5,000 to Rs 10,000
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India's digital payments reach new high with UPI transactions surpassing Rs 20.64 lakh crore
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Trinidad and Tobago becomes the first Caribbean nation to collaborate with NPCI's overseas arm, NIPL, to establish a digital payments system based on India’s UPI framework
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Total number of digital payment transactions increases from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, at a CAGR of 44 per cent
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In the last five months (April-August), the total transaction value has surged to an impressive Rs 101 lakh crore
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NPCI increases UPI limits for tax payments, hospital fees, education, IPOs, and RBI Schemes
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It has now been decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
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The report projects that the book size of digital lenders could reach USD 515 billion by 2030, driven by advancements in AI-powered credit assessment and underwriting
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Mumbai-based fintech startup, TechFini, secures official approval from the NPCI to operate as UPI-based payment infrastructure provider for banks, other financial institutions and fintech companies
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