
After a dismal performance in April and May, UPI transactions have reported a record leap in both volume and value

PhonePe's has created an impact in society with its mission of empowering every Indian with a digital payments facility

Reserve Bank of India has made mobile wallet interoperability mandatory

According to NPCI data, the growth in UPI transactions has taken a short break in April owning to the pandemic and the general sluggishness at the sta

As volume and value grow 3-fold during 2020-21, making UPI India’s digital payment backbone, the question comes back to haunt: can it continue with

Tier-II and tier-III cities contributed 50% of total transaction, said the report

Unlike bank accounts, one does not need to have a minimum balance to keep his or her e-wallet account active

Although, mobile wallets do not have account numbers, but the prepaid instruments—mobile wallets—can become part of centralized payments systems:

With the new announcement, you can transfer money from one digital wallet to another

Technology has played an indispensable role in the transformation of the financial sector