Latest news with #AePS
Economic Times
01-08-2025
- Business
- Economic Times
UPI transactions rebound in July after June dip
Agencies The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad's operator, the National Payments Corporation of India (NPCI).The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in June. On a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume stood at 628 million, with a daily average value of Rs 80,919 crore. The uptick comes amid growing discussions around the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive for processing small-value UPI-based finance ministry has reduced the incentive for processing small-ticket UPI transactions at small merchant outlets to 0.15% per transaction from 0.25% last year, ET reported on Friday. ICICI Bank has started passing on some of the charges to its payment partners, news platform The Head and Tale reported earlier this week. Other digital payment channels also recorded growth in July, excluding Immediate Payment Service (IMPS) processed 482 million transactions worth Rs 6.31 lakh crore, compared with 448 million transactions and Rs 6.06 lakh crore in June. Transactions via the Aadhaar Enabled Payment System (AePS) rose to 103 million from 97 transactions declined to 371 million from 386 million the previous month. Last month, ET reported that Fastag's growth had stagnated, with minimal traction in the last financial year due to the lack of new use cases beyond toll its launch in 2016, UPI has grown rapidly, driven by government initiatives following demonetisation, increasing smartphone penetration and adoption by private players such as Google Pay, PhonePe and Paytm. As of May 31, UPI had 65 shareholders, including public sector, private and foreign the financial year ended March 2025, NPCI reported a 41.7% increase in net profit to Rs 1,552 crore, as per credit ratings firm ICRA. As a not-for-profit entity, NPCI classifies profits as revenue surplus. Its standalone revenue rose 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in of July, Google Pay and PhonePe continued to dominate the UPI ecosystem, together accounting for more than 80% of the market. Emerging players such as Flipkart-backed Navi, Bhim and Cred are gradually expanding their presence by offering cashbacks and other incentives. NPCI has yet to release app-wise transaction data for discussions around the long-term sustainability of UPI have gained momentum. Speaking at an event in Mumbai last week, Reserve Bank of India governor Sanjay Malhotra highlighted the need to make UPI payments financially viable, suggesting that either the government or end-users would have to bear the cost of running the digital payments industry has also been urging the government to reinstate the merchant discount rate on UPI payments. However, the government has reiterated that UPI will continue to be free for platform has experienced service disruptions in recent months, affecting all major UPI apps and several banking applications. NPCI attributed a major outage on April 12 to a surge in application programming interface (API) requests, particularly from banks excessively using the 'Check Transaction' API, which led to a slowdown in the system and a drop in payment success rates. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Time of India
01-08-2025
- Business
- Time of India
UPI transactions rebound in July after June dip
Academy Empower your mind, elevate your skills The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad's operator, the National Payments Corporation of India (NPCI).The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume stood at 628 million, with a daily average value of Rs 80,919 uptick comes amid growing discussions around the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive for processing small-value UPI-based finance ministry has reduced the incentive for processing small-ticket UPI transactions at small merchant outlets to 0.15% per transaction from 0.25% last year, ET reported on Friday. ICICI Bank has started passing on some of the charges to its payment partners, news platform The Head and Tale reported earlier this digital payment channels also recorded growth in July, excluding Immediate Payment Service (IMPS) processed 482 million transactions worth Rs 6.31 lakh crore, compared with 448 million transactions and Rs 6.06 lakh crore in June. Transactions via the Aadhaar Enabled Payment System (AePS) rose to 103 million from 97 transactions declined to 371 million from 386 million the previous month. Last month, ET reported that Fastag's growth had stagnated, with minimal traction in the last financial year due to the lack of new use cases beyond toll its launch in 2016, UPI has grown rapidly, driven by government initiatives following demonetisation, increasing smartphone penetration and adoption by private players such as Google Pay, PhonePe and Paytm. As of May 31, UPI had 65 shareholders, including public sector, private and foreign the financial year ended March 2025, NPCI reported a 41.7% increase in net profit to Rs 1,552 crore, as per credit ratings firm ICRA. As a not-for-profit entity, NPCI classifies profits as revenue surplus. Its standalone revenue rose 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in of July, Google Pay and PhonePe continued to dominate the UPI ecosystem, together accounting for more than 80% of the market. Emerging players such as Flipkart-backed Navi, Bhim and Cred are gradually expanding their presence by offering cashbacks and other incentives. NPCI has yet to release app-wise transaction data for discussions around the long-term sustainability of UPI have gained momentum. Speaking at an event in Mumbai last week, Reserve Bank of India governor Sanjay Malhotra highlighted the need to make UPI payments financially viable, suggesting that either the government or end-users would have to bear the cost of running the digital payments industry has also been urging the government to reinstate the merchant discount rate on UPI payments. However, the government has reiterated that UPI will continue to be free for platform has experienced service disruptions in recent months, affecting all major UPI apps and several banking applications. NPCI attributed a major outage on April 12 to a surge in application programming interface (API) requests, particularly from banks excessively using the 'Check Transaction' API, which led to a slowdown in the system and a drop in payment success rates.
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Business Standard
01-08-2025
- Business
- Business Standard
UPI transactions rise 6% in July to 19.47 bn; value nears ₹25 trillion
Transactions on the Unified Payments Interface (UPI) stood at 19.47 billion in volume and ₹25.08 trillion in value in July, data from the National Payments Corporation of India (NPCI) revealed on Friday. This marked a rise of 6 per cent in volume and 4 per cent in value compared to 18.63 billion and ₹24.04 trillion in June this year. However, July's value remained slightly below the all-time high of ₹25.14 trillion recorded in May, when transactions touched 18.68 billion in volume. The number of daily transactions also increased from 613 million in June to 628 million in July, leading to a rise in value from ₹80,131 crore in June to ₹80,919 crore in July. The July UPI numbers reflected a 35 per cent rise in volume and 22 per cent increase in value compared to the same month in 2024. There were 482 million Immediate Payment Service (IMPS) transactions in July, up 8 per cent from 448 million in June. IMPS transaction value also rose 4 per cent to ₹6.31 trillion, up from ₹6.06 trillion in June. In May, the figures stood at 464 million and ₹6.41 trillion. Compared to July 2024, this year's IMPS data showed a 2 per cent dip in volume but a 6 per cent increase in value. The number of daily transactions rose from 14.94 million to 15.55 million, resulting in a marginal rise in daily value from ₹20,212 crore to ₹20,368 crore. During the period under review, FASTag transactions declined by 4 per cent to 371 million, down from 386 million in June. The value also dipped 2 per cent to ₹6,669 crore, compared to ₹6,783 crore in June. In May, volumes and value stood at 404 million and ₹7,087 crore respectively. The July FASTag numbers were 15 per cent higher in volume and 20 per cent higher in value compared to the same month in 2024. The number of daily transactions fell from 12.88 million to 11.95 million, with the daily value down from ₹226 crore in June to around ₹215 crore. During July, the Aadhaar Enabled Payment System (AePS) saw a 6 per cent increase to 103 million transactions, up from 97 million in June. However, the transaction value dipped marginally to ₹26,585 crore, down from ₹26,616 crore in June. The number of daily transactions stood at 3.31 million in volume and ₹858 crore in value, compared to 3.24 million and ₹887 crore in June. AePS recorded a 6 per cent increase in volume and 10 per cent rise in value over July 2024.
Mint
30-07-2025
- Business
- Mint
NSDL IPO Day 1 Live: Issue set to kick off amid strong GMP trend. Should you apply?
30 Jul 2025, 11:11 AM IST NSDL IPO Live: Here's a look at NSDL's revenue model. The depository earns revenue from various sources. Take a look: Custody Fees: NSDL charges issuers and other corporate clients custody fees for admitting their securities to the platform and for offering demat facilities to shareholders. The fee is calculated at ₹ 11 per folio, subject to a minimum amount based on the nominal value slab of admitted securities. 11 per folio, subject to a minimum amount based on the nominal value slab of admitted securities. Registration Fees: NSDL charges registration fees to issuers and RTAs for registering on the platform and for availing associated services. Transaction Fees: NSDL charges transaction fees to corporate clients and depository participants for transactions such as securities settlements and corporate actions carried out through the depository system. Transaction fees also include charges related to e-voting, CAS facilities, pledge fees, margin pledge fees, non-disposal undertaking fees, fees for digital contract notes, SEZ transaction fees, KRA upload/download, and insurance policy credits. Software License Fees: Depository participants registered with NSDL are required to implement the necessary technology infrastructure and are charged annual software license fees for the software provided to ensure operational efficiency. Communication Fees: NSDL charges annual communication fees to depository participants based on connectivity and bandwidth utilization related to their operations. Income from Banking Services: This includes revenue generated by their subsidiary, NPBL, from banking services such as interchange fees for transactions via AePS, micro-ATMs, and domestic money transfers, issuance of prepaid cards, account opening fees, and commissions on cash management services. Other Operating Income: This includes fees for executing changes in RTAs and training fees charged to depository participants for training on their depository participant management. 30 Jul 2025, 10:38 AM IST NSDL IPO Day 1 Live: NSDL forms a critical backbone of India's capital market infrastructure with wide network penetration and regulatory significance. Its annuity-like revenue model, diversified service suite, and leadership in depository operations offer scalability and resilience. The IPO is priced at a P/E of 46.62x and P/B of 7.98x, which appears attractive compared to CDSL's P/E of 60.43x and P/B of 18.08x, especially considering NSDL's superior assets under custody and service reach. With rising demat penetration and increasing financialization of the economy, NSDL is well-positioned for long-term growth. We recommend a SUBSCRIBE rating for investors with a medium to long-term investment horizon. – Views by Canara Bank Securities 30 Jul 2025, 10:23 AM IST NSDL IPO Day 1 Live: NSDL IPO was booked 12% so far in the first 2 minutes of the bidding process. NII portion was booked 20%, retail portion 15% and employee portion 18%. QIB segment did not receive any bids yet. 30 Jul 2025, 10:04 AM IST NSDL IPO Day 1 Live: NSDL IPO opened for subscription for the first day on Wednesday. Investors can apply for the issue till Friday. The company is looking to raise over ₹ 4,000 crore. 30 Jul 2025, 09:50 AM IST NSDL IPO Day 1 Live: National Securities Depository Ltd (NSDL) is a SEBI-registered Market Infrastructure Institution (MII), offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, the company pioneered the dematerialization of securities in India in November 1996. As of March 31, 2025, NSDL is the largest depository in India in terms of: Number of issuers, Number of active instruments, Market share in demat value of settlement volume and Value of assets held under custody. Additionally, as of March 31, 2025, NSDL has a network of 65,391 depository participants' service centres, compared to 18,918 such centers with CDSL. 30 Jul 2025, 09:29 AM IST NSDL IPO Day 1 Live: National Securities Depository Limited (NSDL) will maintain its focus on unlocking growth opportunities and deepening market reach by utilizing its core competencies. The company plans to strengthen and modernize its IT infrastructure to improve operational efficiency, elevate service standards, and bolster resilience, said Anand Rathi. Additionally, it aims to broaden its range of services, enhance its database management capabilities, and expand the market share of its payments bank division, added the brokerage. 'At the upper price band, the company is valued at a P/E of 46.6x based on its FY25 earnings, with a market capitalization of ₹ 160,000 million and a return on net worth of 17.1% post issue of equity shares. We believe that the IPO is fairly priced and recommend a 'Subscribe' rating to the IPO,' it said. 30 Jul 2025, 09:05 AM IST The NSDL IPO comprises a complete sale of up to 5.01 crore equity shares from current shareholders. IDBI Bank intends to offload as many as 2.22 crore shares, while the National Stock Exchange (NSE) plans to offer up to 1.80 crore shares. State Bank of India (SBI) aims to sell up to 40 lakh shares, HDFC Bank will offer up to 20 lakh shares, and Union Bank of India will put forth 5 lakh shares. Furthermore, the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will provide up to 34.15 lakh shares. All of the shares carry a face value of ₹ 2 each. The book-running lead managers for the IPO consist of ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital, Motilal Oswal, and SBI Caps. 30 Jul 2025, 09:01 AM IST NSDL IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved up to 85,000 equity shares. A discount of ₹ 76 per equity share is being offered to eligible employee in the employee reservation portion. 30 Jul 2025, 08:52 AM IST NSDL raised more than ₹ 1,201 crore from institutional investors on Tuesday, just a day before opening its initial share-sale for public subscriptions. The anchor segment attracted involvement from both domestic and international institutional investors, such as Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds, and Nippon India MF, as stated in a bulletin posted on the BSE's website. SBI Life Insurance Company and HDFC Life Insurance Company, along with the Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF, and HDFC MF also participated as investors. Among these contributors, LIC emerged as the top investor, acquiring nearly 18 lakh shares, which represents 11.99 percent of the total anchor book, for a sum of ₹ 144 crore. As per the bulletin, NSDL has distributed over 1.5 crore equity shares to 61 funds at a price of ₹ 800 each, leading to a total transaction volume of ₹ 1,201.4 crore. 30 Jul 2025, 08:50 AM IST NSDL IPO GMP is +126. This indicates NSDL share price was trading at a premium of ₹ 126 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of NSDL share price was indicated at ₹ 926 apiece, which is 15.75% higher than the IPO price of ₹ 800. According to the grey market activities over the past 26 sessions, today's IPO GMP is on the rise and is anticipated to have a robust listing. The minimum GMP recorded is ₹ 0.00, whereas the maximum GMP stands at ₹ 167, as per insights from experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
06-07-2025
- Business
- Business Standard
Players on the payments turf: UPI, AePS, PPIs boost digital outreach
UPI and AePs together have changed India's payments landscape. AePS's playing field is rural and semi-urban India Tamal Bandyopadhyay Listen to This Article In the last week of June, the Reserve Bank of India (RBI) issued guidelines to strengthen the Aadhaar Enabled Payment System, or AePS. All of us are familiar with UPI – Unified Payments Interface. What's AePS? We can call AePS UPI's elder brother. Launched in 2011, five years before UPI came into being, it's a bank-led model that allows online, interoperable financial transactions at MicroATM terminals using Aadhaar authentication. Aadhaar is a 12-digit unique identity number for all residents of India, based on their biometrics and demographic data. UPI, in contrast, is a system that allows for real-time, person-to-person and
