UPI

For nearly a decade, UPI has run on an economics equation that never quite balanced. Every QR code scan, every “scan and pay” moment that made India the world’s largest real-time payments market, moved through banks, TPAPs and infrastructure providers that built and maintained the rails – while the fee attached to those transactions was …

MDR on UPI: Why a Small Charge Could Be the Big Break the Ecosystem Needed Read More »

India’s ATM infrastructure is experiencing a structural shift. Monthly ATM withdrawal volumes have declined from 57 crore transactions in January 2023 to 52.72 crore in January 2024, reaching 48.83 crore by January 2025—a 14.3% drop in 24 months. This showcases a fundamental reallocation of how consumers access physical currency. Meanwhile, UPI transactions in January, 2025 …

UPI Based Cardless Cash Withdrawal: Enabling Secure Cash Access without Cards Read More »