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UPI recorded over 20 billion transactions in August for the first time, marking 34 per cent annual growth. Daily transactions averaged 645 million, with Maharashtra leading in digital payments, highlighting India’s rising adoption of cashless transactions, according to NPCI and SBI data.
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Average daily UPI transactions in India reached Rs 90,446 crore in August 2025, with SBI as the top remitter. Peer-to-merchant payments surged, groceries dominated volume, and digital payments increasingly replaced cash, reflecting robust growth and financial inclusion, according to SBI Research.
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The Centre clarified in Parliament that it is not considering GST on UPI transactions over ₹2,000. Karnataka’s GST notices to traders were issued by the state’s Commercial Tax Department, not the Centre, Minister Pralhad Joshi asserted, accusing the state of misleading the public
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India leads the world in fast payments, with UPI processing over Rs 24 lakh crore in June 2025 alone. Backed by the IMF, the system handles over 640 million daily transactions, revolutionising global digital payments and promoting financial inclusion
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From June 16, UPI payments will process faster, completing within 10–15 seconds. NPCI also set a 50-times daily limit for balance checks and tightened beneficiary name rules to boost security and user experience in India’s growing digital payment space
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Merchant Discount Rate is the cost paid by a merchant to a bank for accepting payment from their customers via digital means. Finance Ministry’s clarification comes following reports that the government is planning to impose MDR on large-ticket UPI transactions
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The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April
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The multi-dimensional analytical tool, developed as part of the Digital Intelligence Platform (DIP), empowers financial institutions with advanced actionable intelligence for cyber fraud prevention
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Once thriving, kiosks exchanging damaged currency now dwindle, as digital payments reduce cash use
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The charges are imposed on bill payments such as electricity and gas bills made using the platform. The fee ranges from 0.5% to 1% plus GST
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The immense popularity of UPI is seen from transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities
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Over 10,000 officials and staff will be engaged in election duties in five Assembly constituencies in the district.
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UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore.
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India has topped the list of five countries in digital payments with 89.5 million digital transactions in 2022.
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People are now using UPI for both small and large payments. However, many people are not sure what the UPI limits are for their banks.
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In addition, DCCB Warangal is planning to set up five new branches in the erstwhile Warangal district, said DCCB chairman.
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Digital payments platform PhonePe claims to have digitised over 35 million offline merchants spread across tier 2, 3, 4 cities and beyond, covering 99 per cent pin codes in the country.
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The decision was taken after taking into account the present usage and future potential of UPI, and other relevant factors around it.
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Hyderabad: Many do not mind going out without carrying any cash on person. They believe they can just scan and pay through the UPI for all purchases they make. UPI is a convenience and is free. But that might change soon and there might be a fee to pay on UPI transactions. The RBI on […]
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New Delhi: Prime Minister Narendra Modi on Tuesday hailed the achievement of Unified Payments Interface (UPI) transactions crossing 6 billion in July — the highest ever since its launch six years back. According to data released by the National Payments Corporation of India (NPCI), UPI reported 6.28 billion transactions worth Rs 10.62 trillion in July […]
