Mumbai: UPI transactions in June 2025 rose 32% year-on-year in volume and 20% in value, clocking 1,840 crore worth Rs 24 lakh crore. However, on a month-on-month basis, volumes dipped from 1,868 crore in May to 1,840 crore, and transaction value declined from Rs 25 lakh crore to Rs 24 lakh crore. The average daily […]
In May, a total of 18.68 billion UPI transactions amounting to ₹25.14-lakh crore was recorded by NPCI | Photo Credit: Gayatri Sundaravadanan _80983@Chennai India’s homegrown Unified Payments Interface (UPI) registered 18.40 billion transactions amounting to ₹24.04-lakh crore in June, according to National Payments Corporation of India (NPCI) data. The transaction volume grew 32 per cent […]
Jun 26, 2025 09:04 AM IST Sania Mirza’s sister Anam Mirza reveals her simple shift towards smarter spending in her series Little Changes, Big Impact. Anam Mirza, sister of tennis star Sania Mirza, recently shared her story on Instagram about how she has been saving money in a simple but surprising way. In her video, […]
Mumbai, Maharashtra, India: IDFC FIRST Bank today announced that Non-Resident Indian (NRI) customers of the bank can now make UPI payments using their international mobile numbers. NRIs can now make real-time UPI payments from their NRE or NRO accounts with IDFC FIRST Bank through the Bank’s mobile application, without incurring […]
Infosys co-founder Nandan Nilekani is expected to lead a new task force focused on digitising and decentralising India’s power sector, according to officials familiar with the matter.If formalised, this will mark the second time the government has sought Nilekani’s expertise to shape reforms in the power domain.The proposed task force will operate under the Ministry […]
CHENNAI: Coins are going for a toss, literally. Thanks to a substantial jump in UPI transactions, the value and volume of coins in circulation is witnessing a dip YoY.An analysis by TOI based on data in RBI’s annual reports over the past one decade reveals that the volume of coins in circulation increased by just […]
MUMBAI: The National Payments Corporation of India (NPCI) has halved the response time for multiple stages of Unified Payments Interface (UPI) transactions in a move aimed at enhancing user experience and improving system efficiency. According to the revised framework, the response time for debit and credit processing under Request Pay and Response Pay APIs-has been […]
Prefer paying online but annoyed by the time digital transactions take? There’s good news for you. Starting Monday, UPI payments have become significantly faster, with transactions, balance checks, and reversals now processing in just 10 to 15 seconds, down from the earlier wait time of up to 30 seconds.The time to validate a payee’s address […]
NEW DELHI: Paytm on Thursday tumbled as much as 10% on Thursday hitting an intraday low of Rs 864.40 on BSE Sensex, after the finance ministry clarified that there are no plans to introduce a Merchant Discount Rate (MDR) on UPI transactions.As of 10 am, Paytm was trading 6% lower, underperforming the broader NSE Nifty […]
To curb fraud and bolster investor trust, Sebi has mandated a new Unified Payments Interface (UPI) payment structure for all registered market intermediaries collecting funds from investors. The mechanism will go live from October 1, 2025, Sebi Chairperson Tuhin Kanta Pandey announced on Wednesday, reported PTI.The new UPI address framework is aimed at combating impersonation […]
