Unified Payment Interface is India's leading digital payment platform. Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet. Among others, a key emphasis of the Indian government has been
One 97 Communications Limited (OCL), which owns the brand Paytm, has introduced automatic top-up for Paytm UPI Lite, the company informed the exchange in a filing.
Prime Minister Modi's address at the BRICS Summit emphasised the global potential of India's UPI system for international payments. As he prepares for crucial talks with Chinese President Xi Jinping, issues such as border disputes and trade deficits are expected to dominate discussions, pote
Boston Consulting Group (BCG) has prepared a flagship report titled 'Building Bridges for the Next Decade of Finance', where it noted that revenues in the Indian fintech sector are projected to reach USD 190 billion by 2030, contributing to over 20 per cent of all banking revenues.
Payments through Unified Payments Interface (UPI) reported a 45 per cent yearly growth as per the data made available by the National Payment Corporation of India (NPCI).
According to the observations made by the report, a significant 90 per cent said that they prefer digital payments for online shoping. Similarly, about 50 consumers were found using online payment mathods during their offline purchases.
India's Unified Payments Interface (UPI) has expanded its footprint to the heart of Paris, with the flagship store of Galeries Lafayette on Haussmann Boulevard now accepting UPI payments.
India has seen the fastest jump in alternative payment share for e-commerce payments in the Asia-pacific region from 20.4 per cent in 2018 to 58.1 per cent in 2023 says report by GlobalData, a data and analytics company.
This partnership marks an advancement in enhancing the travel experience for Indian tourists, offering the convenience of cashless transactions on PickMe rides from the moment they exit Bandaranaike International Airport.