payments Archives

UPI Transactions Surge: 56% Volume Growth, Average Ticket Size Down 8% in H2 2023

11th April 2024 by Siddhi Mehta

Person-to-person (P2P) and person-to-merchant (P2M) transactions make up UPI transactions. These two categories have each shown strong development. According to a report by international payments technology company Worldline, Unified Payments Interface (UPI) has continued to rule the Indian digital payments market, with transaction volume rising by an astounding 56% to 65.77 billion in the second … Read more

What is GST, and it’s Importance in Financial Planning

27th August 20233rd February 2023 by Dirgha Mehta

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, and replaced multiple taxes including central excise duty, service tax, and value-added tax (VAT). GST is a single tax regime, which aims to simplify the tax system, reduce the … Read more