UPI clocks 30.98 million transactions

Unified Payments Interface (UPI) has crossed 30.98 million transactions in the month of September. The total value of transactions stood at Rs. 5,325.81 crore with the average ticket size of Rs. 1,719. UPI volume (UPI, BHIM and USSD 2.0 -*99#) during August, July and June were 16.80 million, 11.63 million and 10.35 million while the value stood at Rs. 4156 crores, Rs. 3411 crore and Rs. 3,098.36 crore respectively.

IMPS clocks 82.85 million transactions

Immediate Payment Service which works 24 X 7 has achieved 82.85 million transactions in the month of September. The total value of transactions stood at Rs. 71,759 crore with the average ticket size of Rs. 8,661. IMPS volume during August, July and June were 75.66 million, 69.07 million and 65.84 million while the value stood at Rs 65,149 crore, Rs 60,476 crore and Rs 59,654 crore.

RuPay crosses 400 million card issuance mark

India’s homegrown card network – RuPay has achieved the milestone of 400 million card issuance number. There are over 800 banks issuing RuPay cards which contributes to about 400 million cards in circulation. RuPay is the market leader in terms of card issuance in the country. With a wide range of variants like debit, credit and pre-paid, RuPay is poised to be the preferred card for every customer. Moreover, every RuPay card holder is insured with minimum Rs. 1 lakh accidental insurance cover which goes up to Rs. 10 lakh.

RuPay e-Commerce

  • Transaction Growth:

    E-commerce transactions continued to soar during the month of September 2017. RuPay e-commerce transaction value grew by 10 per cent in September 2017 versus the previous month.

  • New Issuers On-board:

    NPCI has enhanced its e-commerce ecosystem by enabling 34 additional issuing banks. As on September, total 637 banks have been enabled for RuPay ecommerce transactions.

  • Major contributors this financial quarter:

    During the second quarter for FY 2017-18, following eco-system players significantly contributed to RuPay Ecommerce volumes.

    Top 5 Issuers: Punjab National Bank, State Bank of India, Union Bank of India, Bank of Baroda and Andhra Bank.

    Top 5 Acquirers: HDFC Bank, Union Bank of India, Citibank, ICICI Merchant Services and Kotak Mahindra Bank.

    Top 5 Merchants: Paytm, Freecharge, Mobikwik, Airtel and Reliance Jio.

Paytm Payments Bank partners with NPCI for RuPay Platinum cards

Paytm customers will now be able to seamlessly pay at merchant locations as RuPay powered Platinum debit cards will be issued to Paytm Payments Bank (PPB)customers. The debit card comes with Platinum benefits such as discounts and cash backs across a large number of merchants along with free insurance cover of up to Rs. 2 lakh. PPB will also issue RuPay powered digital debit card with same features. With the PPB Digital debit card,customers will now be able to transact at all merchants who accept credit and debit cards.

“Feluda” themed personalised RuPay Platinum Debit Cards for United Bank of India customers

United Platinum Moments Card is a new initiative of United Bank of India where customers can choose the background image of their debit card as per their choice. This card helps the customer to customise the design of his/her card. Customers may upload the photograph of their choice or may select from preloaded gallery. This card is the first ever such customisable card built on India’s indigenous payment brandRuPay. Bengalflavour has been added to the preloaded gallery of moments card by introducing iconic “Feluda” illustrations by Satyajit Ray. Feluda is a Bengali private investigator starring in a series of Bengali novels of Indian fictional detective novels and short stories written by Indian Bengali film director and writer Satyajit Ray. Sandip Ray has kindly extended his support by allowing the bank to use 8 Feluda illustrations to this initiative where the rich heritage of Bengali literature joins hand with digital payments.

NPCI hosts 8thAsian Payment Card Forum

8th edition of Asian Payment Card Forum was hosted by NPCI on September 21-22, 2017 in Mumbai. The event was organised by APSCAunder the theme‘From Cash to Digital’ Payments. The forum provided unique opportunities for experts to discuss best practices for driving the consumer payments landscape towards future of digital payments.Esteemed panellists and speakers also debated the combined contactless acceptance opportunities for retail and transportpayments besides discussing payments scenario around the world at present and the ones that are likely to develop in the future.

Mr. Dilip Asbe, Chief Operating Officer, NPCI delivered key note address at the event which was followed by reputed speakers from the Government, Indian and International Bankers, Solution Providers and Consultants. The participants got great insight from Mr. Mukund Sinha, Joint Secretory – OSD, Ministry of Urban Development,and Mr. Rakesh Shanker, Deputy Commissioner- Ahmedabad Municipal Corporation on contactless payments in transit domain.

NPCI took this opportunity to showcase its contribution in the Contactless technology for emerging segments including transit, smart cities, smart campus, parking, tolls and retail. This has also helped the participants to gain insight from the industry experts on the topics such as mobile payments, alternate payment systems, consumer payments, customer education and payments system security.

The forum was one of the largest APSCA payments events so far which witnessed about 300 delegates from banks, payment schemes, payment services providers and transport ticketing operators from 10 markets in South Asia, Asia Pacific and Europe. About 50 per cent of the forum delegates were end-users in the retail and transport payments business.

NPCI hosts Blogger Meet

NPCI organised self-hosted blogger meet on September 16 in Mumbai. 21 high profile bloggers attended the event who were actively engaged on social media platforms while learning about several initiatives offered by NPCI. Bloggers were familiarised with NPCI’s flagship products like Bharat Interface for Money (BHIM)/ Unified Payments Interface (UPI), Immediate Payment Service, RuPay cards among others. Bloggers contributed to conversations on social media platforms like Twitter and Facebook which resulted in trending of hastags like #FriendsofRuPay and #HighonUPI as top trends in India, Mumbai and Bangalore.