UPI transactions hit record high of 19.47 bn in July; NPCI limits balance check to 50/day

UPI transactions in India hit a record high of 19.47 billion in July, valued at Rs 25.08 lakh crore, signaling a shift towards digital payments among nanopreneurs and retailers. UPI, accounting for 85% of India's digital transactions and nearly 50% of global real-time payments, is now live in seven countries, including France, marking its European debut.