Latest Immediate Payment Service News & Updates

New Delhi, May 1 (IANS) India’s digital payments ecosystem 25 per cent year-on-year growth in the month of April at 22.35 billion transactions at Rs 29.03 lakh crore in terms of value, which is a 21 per cent annual growth, according to data released by the National Payments Corporation of India (NPCI) on Friday.On a daily basis, the average number of transactions saw a notable increase to 745 million in April (from 730 million in March).The average daily transaction value also rose to Rs 96,76…

New Delhi, March 1 (IANS) The unified payments interface (UPI) saw 27 per cent transaction count growth (year-on-year) at 20.39 billion in the month of February — along with registering 22 per cent annual growth in transaction amount at Rs 26.84 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.Average daily transaction amount in February stood at Rs 95,865 crore, up from Rs 91,403 crore in January, the NPCI data showed.The month of February recorded 728 milli…