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NPCI cuts UPI usage fees to promote wider adoption

Tuesday, April 2, 2019, 11:27 AM

The National Payments Corporation of India (NPCI), which runs the Unified Payments Interface (UPI) network, has slashed usage fees for small transactions to expand the system's adoption among banks and payment service providers (PSPs). For UPI transactions up to Rs.1,000, the charge has been cut to 10 paise from 25 paise, NPCI said in a note to banks and PSPs.
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Paytm leads in UPI usage, Google Pay & PhonePe follow

Monday, February 11, 2019, 10:22 AM

Paytm led in Unified Payments Interface (UPI) transactions in January, closely followed by Google Pay and PhonePe, according to people with knowledge of the matter. As UPI gains further ground, the field is turning competitive Paytm clocked more than 221 million transactions, while Google Pay and PhonePe were at about 220 million each, said the source.
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UPI transactions worth over Rs.1 trillion conducted in December

Tuesday, January 1, 2019, 10:33 PM

In a record of sorts, 620.17 million UPI transactions worth Rs.102,594.82 crore were conducted in December, as compared to 524.94 million transactions valued at Rs.82,232.21 crore in November an 18% increase in transaction volume, data from the NPCI nshowed Tuesday. December was first-month when over 600 million UPI transactions were recorded. UPI transactions had crossed 500 million-mark for the first-time in November.

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