The Unified Payments Interface (UPI) hit record 9 billion transactions in May, according to data released by the National Payments Corporation of India (NPCI). The overall value of the transactions in May stood at ₹14.89 lakh crore with an increase of 43 per cent on a year-over-year basis. Meanwhile, the transaction count witnessed 58 per cent growth from a year earlier. To know more, visit Xpresso by Dailyhunt. #upi #UPIPayments #trendingnews #dailynews #BusinessNews #BizBuzz #indianeconomy #Da

Merchant Payments on Unified Payment Interface(UPI) expected to grow exponentially Merchant Payments on Unified Payment Interface are expected to reach $1 trillion by FY26, driven by a growth rate of 40 to 50% as per a recent report. The growth in merchant payments will be driven by increased awareness, growth in merchant acceptance of UPI, new payment features like UPI Lite and UPI 123 Pay along with opening of international payment corridors on the domestic payment railroad. As per recent NPCI

The Unified Payments Interface (UPI) transactions set a new record in October, with 16.58 billion transactions conducted in the country. The total value of these transactions was approximately ₹23.5 lakh crore. #ITnewsbyte #UPI #socialmediaspecial #digital | Sakshi Batra | India Today