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UPI transactions surged 8% in December to 16.73 billion, with a record transaction value of Rs 23.25 lakh crore, as reported by NPCI.
NPCI grants PhonePe and Google Pay an additional two years to reduce their UPI market shares, lifting restrictions on user onboarding for WhatsApp.
NPCI has lifted the user cap on WhatsApp Pay, enabling full UPI access for 500 million users in India with immediate effect.
Nearly 41,000 victims of Bernie Madoff's Ponzi scheme will receive $4.3 billion in total compensation, nearly 94% of their losses, as the fund makes its final payouts.
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