Swipe right: India’s love affair with digital payments

July 9, 2024 · Banking

Nearly 90 per cent of Indian consumers with internet access prefer digital payment options for online purchases, according to a report by Amazon Pay India and Kearney India.…

UPI transactions moderate from March peak to ₹19.6-lakh crore

May 1, 2024 · Banking

Mumbai The Unified Payments Interface (UPI) saw both the number and value of transactions moderating by about 1 per cent on month from the record high seen in…

Alternative payments drive 58% of e-commerce: Report

March 19, 2024 · Banking

The e-commerce sector is witnessing a growth in the use of alternative payment methods, which accounted for nearly 58 per cent in 2023, according to a report by…

UPI effect: Average ATM visits halve to 8 times a year

May 23, 2023 · Banking

Every ₹1 increase in value of UPI (unified payments interface) transactions is leading to 18 paisa decline in debit card transactions, indicating a person is now making a visit…