The Unified Payments Interface (UPI) ecosystem has recorded a total of 16.73 billion transactions in December 2024, marking an 8% increase from November’s 15.48 billion transactions, as per data from the National Payments Corporation of India (NPCI). This surge reflects not only in transaction ...
Central Bank Digital Currency (CBDC) is the digital version of a country’s physical currency, issued and regulated by its central bank. Unlike traditional currencies, which exist in both physical and digital forms, CBDC is solely digital. The introduction of e₹ or Digital Rupee, India’s ...