Try GOLD - Free
Debt Collection Agencies Driving UPI Transactions With 12.8% Value Share
The New Indian Express Shivamogga
|August 19, 2025
DEBT collection agencies are driving the massive jump in UPI transactions where daily volumes have been increasing from ₹75,743 crore in January 2025 to ₹80,919 crore in July and further to ₹90,446 crore so far in August, with 12.8% of the total value being controlled by them while their volume contribution is a low 1.3%. The second slot is with groceries.
The debt collection agencies' transaction value has increased to ₹93,857 crore in July 2025 from ₹80,789 in April 2025, while the ticket size has declined to ₹5,817 from ₹5,952, it added.
This story is from the August 19, 2025 edition of The New Indian Express Shivamogga.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Shivamogga
The New Indian Express Shivamogga
Amorim rues misses after ‘crazy’ draw versus Bournemouth in PL
MANCHESTER
1 min
December 17, 2025
The New Indian Express Shivamogga
No Nehru papers missing from Teen Murti: Govt
IN a twist to the political sparring over \"missing\" papers of India's first Prime Minister Jawaharlal Nehru, the Union government on Friday told the Lok Sabha that no documents linked to Nehru were found to be missing from the Prime Ministers' Museum and Library (PMML) during its annual inspection.
1 mins
December 17, 2025
The New Indian Express Shivamogga
'Zero tolerance on terror': EAM to Israel minister
EXTERNAL Affairs Minister S Jaishankar on Tuesday strongly condemned the terror attack at Sydney's Bondi Beach and said that India and Israel share a policy of \"zero tolerance\" towards terrorism.
1 min
December 17, 2025
The New Indian Express Shivamogga
Modi begins maiden Ethiopia visit, seeks to deepen ties across sectors
INDIA and Ethiopia on Tuesday elevated their bilateral relationship to a strategic partnership following wide-ranging talks between Prime Minister Narendra Modi and his Ethiopian counterpart Abiy Ahmed Ali in Addis Ababa.
1 min
December 17, 2025
The New Indian Express Shivamogga
'Sustaining high growth gets harder as the base expands'
The '47 target of India becoming developed banks on nominal growth and exchange rates, says CEA V A Nageswaran at the 30th edition of Delhi Dialogues
5 mins
December 17, 2025
The New Indian Express Shivamogga
Judges Inquiry Act not followed in cash row case: Judge moves SC
THE Supreme Court on Tuesday issued notice and sought a detailed reply from the Lok Sabha and Rajya Sabha Secretariats after hearing a plea by Allahabad High Court Judge Justice Yashwant Varma challenging the impeachment proceedings against him on the ground that the Judges Inquiry Act, 1968, was not followed and that the motion was not passed by both Houses on the same day.
1 min
December 17, 2025
The New Indian Express Shivamogga
Deported Luthra brothers arrested, sent on 2-day remand to Goa police
GAURAV and Saurabh Luthra, owners of the Birch by Romeo Lane nightclub in north Goa's Arpora, where a massive fire killed 25 people on December 6, were handed over to the Goa Police on a two-day transit remand on Tuesday.
1 min
December 17, 2025
The New Indian Express Shivamogga
Genome factor behind very high TB burden among tribal groups in MP
GENETIC science researchers from across the country have zeroed in on genomic factors, which are possibly behind the abnormally high tuberculosis (TB) prevalence among the Sa-hariyas — one of the three particularly vulnerable tribal groups (PVTGs) in Madhya Pradesh.
1 min
December 17, 2025
The New Indian Express Shivamogga
Corbett leads tiger census with 550 cameras
INDIA launched its national Tiger Census on Sunday.
1 min
December 17, 2025
The New Indian Express Shivamogga
Gujarat nos flag shrinking of jobs amid large spending
WHILE the Centre proposes to rename the Mahatma Gandhi National Rural Employment Guarantee Scheme, official data shared in the Lok Sabha on December 16 revealed a more troubling situation in Gujarat.
1 min
December 17, 2025
Listen
Translate
Change font size