UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a compound annual growth rate (CAGR) of 74 per cent over five years ...

UPI transactions may fail if special characters are included in UPI IDs. The National Payments Corporation of India (NPCI) has mandated that UPI transaction IDs must be strictly alphanumeric, ...

The share of the Unified Payments Interface (UPI) in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average ...

CARD91 has announced the launch of Blitz, its proprietary UPI Switch platform, offering banks and financial institutions enhanced transaction processing capabilities. The platform provides seamless, ...

From February 1, 2025, a routine UPI payment might not go through—not because of insufficient funds, but due to an unexpected restriction. Any transaction ID containing special characters such ...

UPI has been the most significant contributor to the growth of digital payments in India due to its usefulness and ease of use, the report points out. Image: IANS In contrast, share of other payment ...