payment ecosystem
India's Digital Payment Revolution: UPI Dominates with 85% Share as Digital Transactions Reach 99.8% of Total Volume
Oct 23, 2025 10:05 pm CST
According to the RBI's June 2025 Payment System Report, digital payments now account for 99.8% of transaction volume and 97.7% of value in India's payment ecosystem. UPI leads with 85% of transaction volume, while RTGS dominates value at 69%. This digital transformation shows remarkable growth from 2019-2025, with UPI transactions increasing from 1,079 crore to over 17,221 crore annually, demonstrating India's rapid shift toward a cashless economy.
Mastercard President Predicts End of Physical Cards: The Digital Payment Revolution
Oct 19, 2025 12:28 am CST
Gautam Aggarwal, Mastercard's South Asia President, reveals at NDTV World Summit 2025 that plastic payment cards will likely disappear as payments become entirely digital. He discusses the shift toward biometric authentication replacing OTPs and highlights India's world-leading digital payment ecosystem while emphasizing its untapped potential.
UPI Lite Now Available on Smart Glasses: Revolutionizing Contactless Payments with "Look, Speak, Pay" Technology
Oct 08, 2025 02:34 am CST
NPCI has launched an innovative payment solution that integrates UPI Lite with smart glasses, enabling users to make hands-free payments through simple QR code scanning and voice commands. This advancement eliminates the need for smartphones or PIN authentication for small-value transactions, representing a significant step forward in India's digital payment ecosystem and wearable technology integration.