UPI QR Transactions Rise By 33% At Retail Stores In India: Report
The report states that bill payments service at local stores witnessed an increase of 21 per cent in value and 34 per cent in volume
Brands
consumer
E-commerce & Marketplaces
Economy
Retail
Finance
National
News
UPI Transactions Surge 56% In India, Leaving Card Payments In Dust
- by BW Retail World Bureau
- April 4, 2024
The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions have surged by 56 per cent year-on-year (YoY) in H2 2023, card transactions saw a modest growth of 6 per cent. Startling revelations have emerged regarding the digital payments landscape in India for the latter half […]
Brands
Companies
E-commerce & Marketplaces
Finance
News
Flipkart Enters UPI Race With Own Payment Service For Online & Offline Transactions
- by BW Retail World Bureau
- March 4, 2024
The Unified Payments Interface (UPI) service has been made available by ecommerce giant Flipkart for both online and offline payments made both inside and outside of its app. Flipkart, which says it has over 50 crore registered users and 14 lakh sellers on its marketplace, would be able to rely less on third-party UPI apps […]
Brands
News
UPI Transactions To Account For 90% Of Retail Digital Payments In India By 2026-27: PwC Report
- by BW Retail World Bureau
- May 29, 2023
Unified Payments Interface (UPI) transactions are projected to continue growing steadily and are expected to reach 1 billion per day by 2026-27. This would account for 90 per cent of the retail digital payments in the country. This has been stated in a report titled “The Indian Payments Handbook 2022-27,” released by PWC India. The […]