Payment Systems
Latest news, explainers and analysis on Payment Systems. Tracking 4 stories on Arth Vani.
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Latest on Payment Systems
New LaunchBreakingFM Sitharaman: UPI Daily Transactions Near 80 Crore Mark
Finance Minister Nirmala Sitharaman announced that India's Unified Payments Interface (UPI) is now processing nearly 80 crore (800 million) transactions every single day. This significant milestone highlights the rapid and widespread adoption of digital payments across the country, reinforcing UPI's pivotal role in India's digital economy.
Global Payments Forum Sibos Debates Monetary Sovereignty in Digital Age
The Sibos 2026 conference is featuring a crucial discussion on what 'monetary sovereignty' means for nations in a world increasingly adopting diverse, interconnected payment systems. This global conversation explores how countries can maintain control over their financial systems amidst the rise of new digital payment rails.
BreakingGovernment May End UPI Subsidies as MDR Revenue Strengthens: The Economic Times
The Indian government is reportedly considering withdrawing its subsidies for Unified Payments Interface (UPI) transactions, according to a report by The Economic Times. This potential shift comes as the revenue generated from Merchant Discount Rate (MDR) for UPI payments is reportedly gaining traction, suggesting UPI's increased financial self-sufficiency.
BreakingUPI Transactions Soar to Record ₹29.9 Lakh Crore in July
India's popular Unified Payments Interface (UPI) recorded a new high in July, processing transactions worth a staggering ₹29.9 lakh crore. This monumental figure was achieved across 23.66 billion transactions, marking a significant 19% increase in value compared to last year.
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