digital payment

UPI Most Preferred Mode for Digital Payments in India in 2022; 87.92 Billion Transactions Processed: Report

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In India, payment modes like UPI, debit and credit cards, and prepaid payment instruments — Mobile and Prepaid cards —processed 87.92 billion transactions worth Rs. 149.5 trillion during 2022, according to a new report. In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share … Read more

Digital Payments Transformed Governance, Financial Inclusion in India, Says PM Modi at G20 Meet

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Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country. With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman … Read more