Tech3 | UPI Threatens Visa’s Payment Crown; Zepto's IPO Order Delayed; and More

Tech3 | UPI threatens Visa’s payment crown; Zepto's IPO order delayed; and more

In today’s Tech3 newsletter, UPI threatens Visa’s payment crown; Zepto's IPO order delayed

UPI’s daily transaction volume set to surpass Visa’s; soon to become world No 1

India's UPI set to surpass Visa in daily transaction volumes, projected to handle over 400 billion annually by FY2029.

India’s UPI set to surpass Visa’s daily transaction volume

The payment mode has become the go-to transaction path for Indians as more and more people embrace the digitisation of operations. On a monthly basis, UPI records a 5 to 7 per cent growth, while it sees a whopping 40 per cent annual growth

Is MDR From Large Merchants The Lifeline Indian Banks Need For UPI?

India’s Unified Payments Interface (UPI) has exploded in popularity over the last few years, processing tens of billions of transactions and trillions of rupees of value each year. To encourage adoption, the government mandated that UPI payments (and RuPay debit card payments) carry no Merchant Discount Rate (MDR) on the merchant side. In practice, this …

UPI surpasses VISA; interface hits record high transactions

New Delhi: Unified Payments Interface (UPI) payments are getting very popular every increasing day. The UPI is giving stiff competition to Visa as the payment system has surpassed the global payments giant. UPI was launched just 9 years ago and has now become the world’s largest retail real-time payment system, News18 reported. On June 1, 64.4 crore transactions were recorded on UPI, and on June 2, the transactions surpassed 65 crore. Meanwhile,…

WhatsApp Pay vs. UPI: The Future of Digital Payments in 2025

India is currently one of the fastest adopters of digital payments in the world due to massive rise of affordable smartphones, widespread internet access and innovative fintech solutions. Digital transactions today have become an everyday habit for millions of citizens. Unified Payments Interface (UPI) is at the core of the transformation. It is a government-backed platform and has become the foundation of real-time payments in the country. What…