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The value of securities brokers and dealer transactions via the unified payments interface (UPI) jumped 21.01% month-on-month to Rs 73,752.37 crore in July from Rs 60,945.24 crore in June.
If implemented, the move could simplify payment confirmations at crowded retail counters while reducing hardware and subscription expenses for merchants.
The overall value of the merchant category-wise purchases via UPI increased to Rs 8.61 lakh crore in March across 14,180.46 million transactions.
The overall value of the merchant category-wise purchases via UPI fell to Rs 7.72 lakh crore in February across 12,795.78 million transactions as compared to Rs 8.41 lakh crore in January across 13,608.10 million transactions.
The initiative will allow tourists from both countries to make cross border merchant payments at QR touchpoints used by instant payments systems.
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.
Last year, NPCI had asked banks and payment apps to block P2P collect requests from October 1, 2025.
Credit card bill payments via UPI during the month was at Rs 86,990.51 crore across 58.15 million transactions.
Apart from India's NPCI, PayPal has also partnered with Brazil’s Mercado Pago, Tencent Holdings’ Tenpay Global, and its own subsidiary Venmo.
To capture the credit card market share, the UPI developer is mimicking its debit card strategy—with a slight twist.
Last year, The Head and Tale reported that NPCI was facing difficulty in implementing the 30% cap on UPI market share; and the market was going to miss the December 2024 deadline too.
