UPI

atm deposits via upi: You can now make card-less deposits via UPI

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Users can now make payments from prepaid payment instruments through third party applications and deposit cash at ATMs, via UPI, the Reserve Bank Governor said. “Given the experience gained from card-less cash withdrawal using UPI at the ATMs, it is now proposed to also facilitate deposit of cash in CDMs using UPI. This measure will … Read more

UPI transactions: Small merchants join UPI, size of payments falls

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Mumbai: Expenditure patterns and payment modes of Indian consumers showed a divergent trend with average spending on the UPI platform falling due to increased adoption by smaller merchants, while average credit card expenses climbed as the instrument is used for higher value transactions. Average ticket size of UPI transactions fell 8% to ₹1,515, while average … Read more