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Online marketplaces saw growth both in terms of volume and value in June 2026, according to NPCI data.
Asbe's appointment received shareholder approval at Swift's recent annual general meeting and is expected to receive regulatory clearance in October.
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.
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 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 RBI has invited public feedback on the proposal until early May.
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.
For transactions exceeding Rs 5,000, the UPI PIN requirement remains in place as an added safeguard.
The initiative will allow tourists from both countries to make cross border merchant payments at QR touchpoints used by instant payments systems.
Alipay+ has close to 1.8 billion user accounts and are used by over 150 million merchants.
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.
Credit card bill payments via UPI during the month was at Rs 86,990.51 crore across 58.15 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.
The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).
The UPI payments will be launched via its entity in Malaysia, Curlec.
Digital goods: games also saw UPI payments decline to Rs 7,441 crore in August, from Rs 10,076 crore in July.
The total value of the transactions jumped 22% year-on-year to Rs 25.08 lakh crore.
Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.
India processed 18.4 billion UPI transactions worth Rs 24.04 lakh crore in June.
Apart from India's NPCI, PayPal has also partnered with Brazil’s Mercado Pago, Tencent Holdings’ Tenpay Global, and its own subsidiary Venmo.
