UPI transactions May 2024

UPI Breaks Record with 1.404 Billion Transactions in May: Milestone Achievement

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…

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mobile number series

Government Introduces New Mobile Number Series for Service Calls

Centre Launches New Mobile Number Series for Service, Transactional Calls The Government of India has recently introduced a new mobile number series specifically designated for service and transactional calls. This move aims to streamline communication between businesses and consumers, enhancing the efficiency of service-related interactions. With the increasing reliance on mobile phones for various transactions…

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Swiggy Shield partnership fraud prevention

Swiggy Shield Partnership: Enhancing Fraud Prevention Measures

Swiggy Enhances Fraud Prevention with SHIELD Partnership Introduction to the Partnership Swiggy, a leading online food delivery platform, has recently partnered with SHIELD, a risk AI platform specializing in device intelligence, to bolster its fraud prevention capabilities. This strategic collaboration is aimed at combating promo abuse and fraudulent activities within Swiggy’s ecosystem. Leveraging Device Intelligence…

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OTP frauds prevention measures

OTP Frauds Prevention: Government, SBI Cards, and Telcos Collaborate for Cybersecurity

Government, SBI Cards, and Telcos Collaborate to Combat OTP Frauds In a significant move towards enhancing cybersecurity and combating OTP frauds, the Government of India has joined hands with SBI Cards and major telecom companies. This collaboration aims to implement stringent measures to safeguard users’ financial transactions and personal data. With the rise in digital…

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BharatPe One payment solution

BharatPe One: Revolutionizing Payment Solutions in India

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…

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RBI credit card usage

RBI Data Reveals Credit Cards Breach 100 Million Mark in India: Significance and Cybersecurity Concerns

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…

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UPI Safety Ambassador

NPCI Appoints Pankaj Tripathi as UPI Safety Ambassador: Key Takeaways for Government Exams

NPCI Appoints Pankaj Tripathi as UPI Safety Ambassador In the dynamic landscape of digital transactions, the National Payments Corporation of India (NPCI) has taken a significant step towards enhancing the safety of Unified Payments Interface (UPI). In a recent development, Pankaj Tripathi has been appointed as the UPI Safety Ambassador by NPCI. This move holds…

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"Reliance SBI Card"

Reliance SBI Card: A Game-Changer in Financial Inclusion

SBI Card Partners with Reliance Retail to Introduce Reliance SBI Card In a significant development in the financial sector, SBI Card has entered into a strategic partnership with Reliance Retail to introduce the much-anticipated ‘Reliance SBI Card.’ This collaboration between one of India’s largest public sector banks and the retail giant holds substantial implications for…

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