The scope of digital payments has increased rapidly over the years. The National Payments Corporation of India (NPCI), which operate the Unified Payments Interface (UPI), plans to add 20 to 30 crore new users for UPI. Its retail users have more than 45 crores.

India’s contribution to digital transactions in the world has increased to about 46 percent with UPI’s popularity increases rapidly. PWC report states that retail digital payments have increased by about 90 times in the last 12 years. In NPCI’s plan Upi Increasing features of. In the second half of the previous year, the value of transactions was increased to Rs 198 lakh crore with the use of mobile phones. This is an increase of about 30 percent on a year-on-year basis. It has an increased stake of UPI transactions.

According to a media report, in the second half of the previous year, mobiles were about 14.5 percent more than the amount spent through payments credit and debit cards. Transactions were about Rs 130 crore in transactions through UPI in payments from mobile. The strengthening of infrastructure associated with digital payments is a major reason behind this. UPI transactions are placed in two categories-Person-to-Person (P2P) and Person-to-CRINT (P2M). In the second half of the previous year, the average ticket size of all UPI transactions was about Rs 1,515.

In December last year, the total value of transactions through UPI was about Rs 23.25 lakh crore. In the previous month, this figure was about 21.55 lakh crore rupees. The average value of these transactions per day in December was around Rs 74,990 crore. In the previous month, the figure was about Rs 71,840 crore. NPCI recently extended the volume limit for these transactions for two years. Apart from this, it was allowed to provide UPI services for all users of WhatsApp. NPCI also removed the limit of connecting users associated with UPI on Whatsapp Pay. With this, these payment services can be provided to all the users of WhatsApp in the country.

The difficulties are increasing for Ola Electric included in large electric two-wheeler makers. Its vehicle registration service provider has filed a petition of insolvency against a unit of Ola Electric for not paying the outstanding amount. This petition has been filed against Ola Electric Technologies.

Bloomberg News Report According to, two separate petitions have been filed against Ola Electric Technologies against Rosmerta Digital Services and Rosmerta Safety Systems providing vehicle registration services and high-security registration plates. The reason for non -payment of arrears in these petitions has been given. Rosmerta Digital Services claimed about Rs 22 crore and Rosmerta Safety Systems has claimed an outstanding amount of about Rs 2.5 crore.

However, Ola Electric has said that there is a dispute over these claims and she is taking legal advice in the matter. Rosmerta digital services and Rosmerta Safety Systems refused to comment about this. Ola Electric has prepared to process the vehicles themselves. Earlier, the company had outsourced the process of registration of vehicles. The company has formed a team to process the registration of vehicles. Ola Electric estimates that this cost will be reduced to about 20 percent.

For registration of an electric vehicle of the company, Vendor Rosmerta is paid Rs 1,500-1,800. Ola Electric estimates that this expenditure may be reduced to about 300 rupees. Recently, the company had said that there may be a decrease in the registrations of its vehicles on the Vahan portal in February. Ola Electric had said that she is talking again with vehicle registration agencies about her contract. Its purpose is to make the process of registration easier and reduce the cost. However, this will not affect the company’s sales. In February, only one-third of the sale of the company’s electric scooters was registered. Ola Electric has informed about some more than 25,000 units in February. However, the registration of only 8,390 electric scooters is visible on the Vahan portal.