Prøve GULL - Gratis
Payments firms for security, revenue model to power UPI
Mint New Delhi
|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 New Delhi.
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 New Delhi
Mint New Delhi
Spirituality, with a side of artisanal coffee
Wavering between the scriptures and self-help platitudes, Namita Devidayal's book leaves the reader wishing they'd chosen a different book
5 mins
October 04, 2025
Mint New Delhi
Zubeen Garg: Assam's first true rock star
The singer-songwriter has thousands of hits in different languages but it was his irreverence that gave him god-like status in a community starved of icons
7 mins
October 04, 2025
Mint New Delhi
L’Oréal board in India next week
The board of French cosmetics giant L’Oréal, the world’s largest beauty group, will visit India next week to explore opportunities in one of the fastest-growing beauty markets. The first such visit comes amid recent management changes at the Indian arm of the Maybelline lipstick maker.
1 min
October 04, 2025
Mint New Delhi
ALL YOU KNEAD
AS PEOPLE MAKE HEALTHIER CHOICES, DAILY BREAD IS NO LONGER JUST WHITE AND SLICED BUT ARTISANAL, SMALL-BATCH AND MADE-TO-ORDER. IN RESTAURANTS, TOO, IT HAS RISEN FROM FILLER TO MAIN ACT
1 min
October 04, 2025
Mint New Delhi
A conversation between fibre and photo
An ongoing show juxtaposes Monika Correa's tapestries and Seher Shah's prints and photogravures
4 mins
October 04, 2025
Mint New Delhi
RBI plans sweeping overhaul to ease foreign borrowing
The central bank has proposed a sweeping liberalization of the external commercial borrowing framework, removing cost caps, widening eligibility, and tying fundraising limits to financial strength to make it easier for Indian firms to access foreign funds.
1 mins
October 04, 2025
Mint New Delhi
Kuku FM looks to raise up to $80 mn
Audio streaming platform Kuku FM has signed a term sheet to raise about $70-80 million in new funding, with South Korean-based video game publisher Krafton leading the round alongside existing investors, three people familiar with the matters said.
1 min
October 04, 2025
Mint New Delhi
Delhi, TN, Maha lead e-bus sales surge in H1
Govt incentives, charging infrastructure also fuel e-bus demand in Odisha
2 mins
October 04, 2025
Mint New Delhi
A case for loafing about
Taylor Swift apparently spends 60% of her time talking about bread (\"it's a loaf story,\" to quote her)—as I learnt from a reel I came across while trying to avoid getting down to the real work of the day (or should I say loafing about)—and it made me wonder when we became so obsessed about what came out of a packet and was eaten when we were sick.
1 mins
October 04, 2025
Mint New Delhi
Draft gaming rules trigger pushback from stakeholders
India’s beleaguered online real-money gaming industry stakeholders have questioned what they call ambiguities in the draft rules of the law that ban any game involving financial winnings.
1 mins
October 04, 2025
Listen
Translate
Change font size