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The average number of transactions per day in December 2021 was the highest till date.
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The average number of transactions per day in December 2021 was the highest till date.
Here are the main data points that show ICICI's rapid shift to digital, accelerated by DIY services.
Addressing concerns regarding transaction fees and inclusivity of digital payments is crucial, but payment frauds go hand-in-hand with growth in digital payments.
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.
