Credit card spending in India increased by 10.8% year-on-year to ₹1.84 trillion in January 2025, according to data from the Reserve Bank of India (RBI). Despite this annual growth, spending showed a slight decline compared to the previous month. The rising usage of credit cards highlights

A recent survey by the Reserve Bank of India (RBI) reveals that cash remains the primary mode of transaction among Indian farmers, even as digital payment methods gain traction nationwide. The study indicates that while digital payments have seen significant growth, cash continues to be the favored instrument for agricultural transactions. Digital Payment Adoption on […]

Since its inception in 2016, the Unified Payments Interface (UPI) has revolutionized India’s digital payment ecosystem, experiencing exponential growth over the past five years. In 2019, UPI accounted for 34% of the country’s digital transactions; by 2024, this figure had surged to an impressive 83%. In 2024 alone, India recorded 208.5 billion digital payment

Indian travelers can now use UPI for seamless transactions at Dubai Duty Free outlets, enhancing shopping convenience.

Unified Payments Interface (UPI), India’s flagship digital payment platform, recorded an impressive 15,547 crore transactions worth ₹223 lakh crore between January and November 2023. The National Payments Corporation of India (NPCI) revealed these numbers, showcasing the rapid adoption and growth of digital payments in the country. Monthly Transaction Milestones UPI