Groceries, supermarkets lead UPI merchant payments in July; debt collection tops by value

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Groceries and supermarkets emerged as the top category by transaction volume on the Unified Payments Interface (UPI) in July, clocking 3.03 billion transactions worth Rs 64,882 crore, according to merchant category classification data from the National Payments Corporation of India (NPCI).

This was followed by fast-food restaurants and eating places.

By value, debt collection agencies led the list, collecting Rs 93,857 crore through 161 million transactions.

Fast-food restaurants recorded 1.2 billion transactions worth Rs 13,794.2 crore, while eating…



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Groceries, supermarkets lead UPI merchant payments in July; debt collection tops by value



Groceries and supermarkets emerged as the top category by transaction volume on the Unified Payments Interface (UPI) in July, clocking 3.03 billion transactions worth Rs 64,882 crore, according to merchant category classification data from the National Payments Corporation of India (NPCI).

This was followed by fast-food restaurants and eating places.

By value, debt collection agencies led the list, collecting Rs 93,857 crore through 161 million transactions.

Fast-food restaurants recorded 1.2 billion transactions worth Rs 13,794.2 crore, while eating…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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