UPI in June: Overall merchant payments fall, digital gold purchase value climbs
Online marketplaces saw growth both in terms of volume and value in June 2026, according to NPCI data.
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Online marketplaces saw growth both in terms of volume and value in June 2026, according to NPCI data.
The total value of merchant category-wise purchases through the Unified Payments Interface (UPI) increased to Rs 8.72 lakh crore across 14,721.30 million transactions in May 2026.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
UPI transactions across merchant categories witnessed a marginal decline in April 2026, with the total transaction volume slipping month-on-month to 14,110.22 million from 14,180.46 million in March.
The acquisition is expected to expand Oxyzo’s debt investment offerings across retail and high-net-worth investor segments.
Public policy veteran Nirupama Soundararajan will head the Digital Precious Metals Assurance Council of India.
Digital gold purchase via the UPI increased to Rs 3,926.47 crore in January as compared to Rs 2,079.31 crore in December.
The overall value of the merchant category-wise purchases via UPI rose to Rs 8.07 lakh crore in December across 13,482.38 million transactions.
Online marketplaces witnessed 126.2 million transactions worth Rs 8,350 crore via UPI payments during the month as compared to 141.2 million transactions worth Rs 10,049.11 crore.
We dive into Sebi’s caution on digital gold and the ripple effect it has created; and how a blunder at a newspaper has exposed that journalists are using ChatGPT far more than they admit.
The funding round was led by Goldman Sachs Alternatives, part of Goldman Sachs Alternatives, and A91 Partners.
The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.
The scheme is launched in partnership with MMTC-PAMP, a joint venture between PAMP SA (Switzerland) and MMTC Ltd, a Government of India enterprise.
The primary challenges that led to Plus Gold's closure included excessive operational expenses and the capital-intensive nature of the gold investment business.
The AI system 'Devin' will handle routine coding tasks such as updating internal code to modern programming languages.
In our first edition of the Money Trivia series, we explore the Head and Tale of currency — tracing the fascinating evolution of money in India.
This acquisition will provide InCred Finance with a head-start in the gold loans business, accelerating its go-to-market timeline by 24-36 months.
There has been strong internal chatter that CoreCard is in discussions with multiple parties regarding a potential acquisition, according to sources.
The new investment app hosts two offerings – digital gold and fixed deposits.