Thursday, July 10, 2025

Creating liberating content

Antioxidant power: Every drink above has antioxidants in different forms

On July 10, 2025, the sacred full moon of Ashadha,

Related News

Antioxidant power: Every drink above has antioxidants in different forms – green tea, barley tea, fruit bioflavonoids, which help reduce oxidative stress, a major cause of ageing. Gut-health support: Many

In a move aimed at boosting low-cost fundraising for the renewable energy sector, the central government has accorded tax-saving status to bonds issued by the Indian Renewable Energy Development Agency

Oil India Ltd, entered in a long term agreement with Gail, under which it would be selling natural gas from its Rajasthan field for the next 15 years. The deal

On July 10, 2025, the sacred full moon of Ashadha, celebrated as Guru Purnima, offers a special moment to reflect on the role of a Guru in one’s life. In

India had previously suggested retaliatory tariffs against US automotive duties last week. (AI image) Amidst ongoing trade deal talks, India has proposed retaliatory tariffs on Wednesday against the United States

SBI’s leadership had given their approval for this share sale in May. (AI image) SBI QIP: State Bank of India, the biggest asset-based lender in India, plans to offer shares

Trending News

Oil India Ltd, entered in a long term agreement with Gail, under which it would be selling natural gas from its Rajasthan field for the next 15 years. The deal

India had previously suggested retaliatory tariffs against US automotive duties last week. (AI image) Amidst ongoing trade deal talks, India has proposed retaliatory tariffs on Wednesday against the United States

Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

UPI Transactions In India Hit New Record, Nearly 17 Billion This January

Word Count: 341 | Estimated Reading Time: 2 minutes




New Delhi:

For the first time, UPI transactions in the month of January surpassed 16.99 billion and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in any month, according to the latest government data.

For FY 2023-24, the digital payments landscape has demonstrated remarkable expansion. UPI remains the cornerstone of India’s digital payment ecosystem contributing to 80 per cent of the retail payments across the country.

The total transaction volume exceeded 131 billion and the value exceeded Rs 200 lakh crore for the FY 2023-24.

Its ease of use, combined with a growing network of participating banks and fintech platforms, has made UPI the preferred mode of real-time payments for millions of users across the country, according to the Ministry of Finance.

As of January, more than 80 UPI apps (bank apps and third-party application providers), 641 banks are currently live on UPI ecosystem.

In FY24-25 (till January), the P2M transactions contribute 62.35 per cent and P2P transactions contribute 37.65 per cent of the overall UPI volume.

The contribution of P2M transactions reached 62.35 per cent in January 2025 where 86 per cent of these transactions are upto a value of Rs 500.

This indicates the trust that UPI enjoys among citizens for making low value payments, said the Ministry.

According to Professor Carlos Montes from Cambridge Business School, UPI provides an opportunity to other countries to learn from the Indian experience.

Montes, who is on a tour to India for attending and speaking at the NXT event at the Bharat Mandapam on Friday, was briefed about the working and achievements of UPI system.

A presentation on UPI was given to Montes about the functioning, success and trends of UPI in India.

UPI is rapidly expanding globally, enabling seamless cross-border transactions for Indians traveling abroad. Currently, UPI is live in over 7 countries, including key markets such as the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, allowing Indians to make payments internationally.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)




Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account