The Future of the Indian Financial System
The research paper synthesizes data from secondary sources including the Reserve Bank of India, NPCI, SEBI, and twenty research papers published between 2020 and 2026.
National Payments Corporation of India
Company · IN · 7 documents
Key number
24.51 billion transactions
UPI transactions in August 2026. International Journal of Advanced Multidisciplinary Research and Studies p.7
Key number
+24.6%
Illustrative Fraud Detection Accuracy Change. Zenodo (CERN European Organization for Nuclear Research) p.4
Key number
18,585 crore transactions
UPI Transaction Volume (FY2024-25). INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT p.5
Cyber Security Challenges in Digital Payment Systems
The paper proposes an integrated five-layer cybersecurity framework combining layered authentication, encryption, real-time transaction monitoring, and machine-learning-based anomaly detection to mitigate cyber threats in digital payment systems.
Digital Financial Services and the Future of Banking: A Comparative Analysis of Online Banking, Mobile Payments and Virtual Wallets
UPI transaction volume grew continuously over five years from 2,233 crore transactions in FY2020-21 to 18,585 crore transactions in FY2024-25.
Consumer Behaviour on Financial Technology Adaptation: A Study on Increasing India's GDP
Every 1% increase in gross digital transaction value (GDV) makes a positive contribution of about 0.14% to India's real GDP growth rate.
Role of Fintechs in Transforming Financial Services in India
The research methodology incorporated primary data collection through a structured questionnaire administered to a sample size of 100 respondents in India.
G20 Roadmap for Enhancing Cross-Border Payments: Scorecard Report on Direct Access and Price Transparency
Eight G20 members achieved the highest score of 5/5 for direct access of non-bank payment service providers (NBPSPs) in 2025.
Growing Retail Digital Payments: The Value of Interoperability
Unified Payments Interface (UPI) processes more than 18 billion transactions per month in India.