UPI transactions grew faster than credit or debit card transactions, but growth in average transaction size was still considerably lower than debit and credit card usage
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
UPI is set to grow bigger now, after the RBI introduced it in feature phones. Other digital transaction platforms are growing as well. Find out the changing landscape of virtual transactions
What are the KYC challenges facing financial institutions? How have digital transactions changed in India? What opportunity does Raamdeo Agrawal see in markets? What is NEFT? All answers here
50% of the GTV came during the past 18 months. Samunnati said its vision is to make markets work for smallholder farmers and make agri value chains operate at a higher equilibrium
The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems
The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country