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Vaishnaw's comments come days after the RBI came out with its report on regulating digital lending.
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Vaishnaw's comments come days after the RBI came out with its report on regulating digital lending.
Besides an increase over last month, the month of October also saw the highest number of average UPI transactions in a day.
The court has sought a response from India's largest lender after crypto traders were barred from transferring funds via UPI.
PhonePe's recent decision may be an experiment to achieve compliance with the NPCI guidelines on market share.
While UPI transactions have been growing consistently, this month saw a drop in the average amount exchanged per transaction.
The Centre's plans to adopt these systems may increase the scope for data breaches, especially without a privacy law in place.
The month of August saw the highest number of average UPI transactions in a day.
Pulse is a data repository on digital transactions undertaken by PhonePe's merchants and app users.
Citizens may be able to access all financial products, benefits, and schemes through a single portal.
Unlike UPI, e-RUPI is a digital voucher that limits where and how someone can spend money, but it also stockpiles data which in turn...
