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Friday, January 16, 2026

Tag: retail payments

UPI Transactions Hit Record High During Diwali Festival Season

UPI processed 754 million payments worth ₹1.02 lakh crore in a single day during Diwali, driven by festive spending and GST rate cuts.

India’s Digital Payments Hit 99.8% of Retail Transactions in Q1 FY26

UPI, AePS and IMPS dominate as digital transactions account for 99.8% of India's retail payment volume, with cheques becoming nearly obsolete according to latest report.