UPI Breaks Record in October with 16.58 Billion Transactions Worth ₹23.5 Trillion Introduction: UPI Sets a New Milestone In October 2024, India’s digital payment system, Unified Payments Interface (UPI), reached an all-time high with 16.58 billion transactions worth ₹23.5 trillion. This achievement marks a major milestone in India’s digital transformation and highlights the growing trust…
Cabinet Approves PAN 2.0: A Digital Transformation of Taxpayer Services The Union Cabinet of India has recently approved the implementation of PAN 2.0, a comprehensive initiative aimed at enhancing the efficiency and transparency of taxpayer services. This step, which is a part of India’s ongoing digital transformation, seeks to modernize the Permanent Account Number (PAN)…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
BharatPe Introduces BharatPe One: Revolutionizing Payment Solutions BharatPe, a leading fintech company in India, has recently unveiled BharatPe One, a game-changing initiative aimed at revolutionizing payment solutions in the country. This innovative platform integrates multiple payment modes into a single QR code, simplifying transactions for both merchants and customers. With BharatPe One, the company aims…
Rupay Launches “Link It Forget It” Campaign at IPL 2024 to Promote Credit Card on UPI In a strategic move aimed at tapping into the burgeoning digital payment market in India, Rupay has launched its innovative “Link It Forget It” campaign during the IPL 2024 season. The campaign aims to promote the usage of credit…
UPI Ends FY24 with Record Transactions Worth ₹199 Lakh Crore Unified Payments Interface (UPI) has closed the financial year 2023-24 with a groundbreaking milestone, recording transactions worth a staggering ₹199 lakh crore. This achievement marks a significant surge in digital transactions, highlighting the increasing adoption of digital payment methods in India. The exponential growth of…
RBI Data Reveals Credit Cards Breach 100 Million Mark in India In a significant milestone, data released by the Reserve Bank of India (RBI) has unveiled that the number of credit cards in circulation in India has surpassed the 100 million mark. This revelation underscores the burgeoning trend of digital transactions and the increasing reliance…
Flipkart Introduces Its Digital Payments Solution – Flipkart UPI In the ever-evolving landscape of digital transactions, Flipkart has recently unveiled its own digital payments solution, Flipkart UPI. This move marks a significant step for the e-commerce giant, aiming to streamline and enhance the payment experience for its vast user base. As students preparing for various…
RBI Raises Offline Payment Transaction Upper Limit to ₹500 from ₹200 In a significant move aimed at promoting digital transactions and reducing the reliance on cash in India, the Reserve Bank of India (RBI) has recently increased the offline payment transaction upper limit to ₹500 from ₹200. This decision comes as a part of RBI’s…
RBI digital payment mission : RBI Launches Mission to Make Every Citizen a User of Digital Payment The Reserve Bank of India (RBI) has launched a mission to make every citizen a user of digital payment. The mission aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode…
