Credit card's average transaction size at PoS is around Rs 3,600, while average spends per card in a month is around Rs 11,000- 12,000
UPI 2.0 gives a new horizon and expends financial benefits to the bottom of the pyramid
More than 70% Indians are now inclined towards digital banking since the outbreak of Covid-19 pandemic
UPI has emerged as the favourite mode of payment for small investors, comprising 42% of all retail applications in IPOs in June
Launched in 2016, it crossed 1 billion transaction for the first time in 2019. In June this year, it recorded 2.8 billion transactions
NPCI has issued new guidelines for UPI platforms regarding prepaid vouchers dismissing the need for UPI apps or bank accounts altogether
Sharing your credit or debit card details with kids is not safe. Looking to address this challenge, Eroute has launched OmniCard, a prepaid card
If PhonePe and Google Pay reduce providing incentives, it could result in the share of merchant payments shooting up
UPI transactions have been continuously growing over the last two years, barring February, April and May 2021
The deadline for putting in place an automated web portal with respect to IPOs through the UPI system has also been extended