Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Payments firms for security, revenue model to power UPI
Mint Bangalore
|January 13, 2025
After a record year for UPI, payments firms call for tiered usage charges, greater security
The Unified Payments Interface (UPI) platform ended 2024 on a high, with record transactions in December both in terms of value and volume. But with the pace of growth in the UPI user base slowing through 2024, industry players are calling for the entry and growth of newer players and the introduction of a tiered charge on UPI transactions to sustain growth this year.
The UPI platform processed 172 billion transactions in 2024, growing 46% on-year. In December, the platform processed 16.7 billion transactions worth ₹23.25 trillion, up 39% on-year in terms of the volume of transactions and 28% in terms of the transaction amount.
Experts said the prospects for growth look strong in 2025 on the back of initiatives such as UPI Lite, credit on UPI and UPI Circle, which are expected to drive low cost and offline payments.
Denne historien er fra January 13, 2025-utgaven av Mint Bangalore.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
COP-30: Use carbon trading to win climate leadership
An efficient and credible carbon market can give India a chance to lead a global agenda that's fair to everyone
3 mins
September 15, 2025
Mint Bangalore
Hiring executive assistants to strike work-life balance
EAs are not just for top bosses anymore. Many more people are shelling out for assistants to help balance their lives
3 mins
September 15, 2025
Mint Bangalore
How fake paparazzi events fuel brand buzz across India
Strategy is to set up scenes looking spontaneous, with the paparazzi capturing the moment
2 mins
September 15, 2025
Mint Bangalore
ATM firm Indial's founder takes strategic role amid banktech push
Indial Payments, the largest white-label ATM operator in the country, is undergoing a leadership transition as it pivots towards digital services by launching a banking technology arm to offset sluggish ATM growth in India.
2 mins
September 15, 2025
Mint Bangalore
To curb smokeless tobacco use, India targets 100 high-burden districts
Consumption of smokeless tobacco, a leading cause for cancer, remains one of India's biggest public health challenges, with more than one in five people using such products.
2 mins
September 15, 2025
Mint Bangalore
Mercedes Expects Best Festive Season
The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India managing director and chief executive officer Santosh Iyer said.
1 min
September 15, 2025
Mint Bangalore
Yuan versus the dollar: Propose a third option
As China attempts to globalize its legal tender; America guards the supremacy of its own and digital currencies gain traction, India should revive Keynes' idea of a global trade currency
2 mins
September 15, 2025
Mint Bangalore
US, Chinese officials hold talks in Spain
US and Chinese officials began talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short video app TikTok and Washington's demands that its allies place tariffs on China over its purchases of Russian oil.
1 min
September 15, 2025
Mint Bangalore
The Man, The Policies: What Makes Modi Special
The prime minister wants India's strong presence in the emerging new global system
3 mins
September 15, 2025
Mint Bangalore
Will We Disprove Yes Minister With Pension Reforms?
In Yes Minister, a TV satire on British politics, Sir Humphrey often stymied urgent reforms by setting up ‘interdepartmental committees.’
3 mins
September 15, 2025
Listen
Translate
Change font size