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Finance & Markets · 2 stories · About 1 minutePublished 7:00 am IST

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  1. 02Finance & MarketsUPI records 25.47 billion transactions in October as daily value exceeds ₹1 lakh croreThe sustained growth in both volume and value underscores the platform's deepening integration into India's retail economy.
  2. 06Finance & MarketsBinance reports covering 90% of losses following $6.3bn hack, BBC reportsThe recovery effort partially mitigates the immediate financial impact on affected parties, though the incident underscores the persistent security vulnerabilities and systemic risks present in the cryptocurrency sector.
Finance & Markets02 / 06

UPI records 25.47 billion transactions in October as daily value exceeds ₹1 lakh crore

What happened

India's Unified Payments Interface processed 25.47 billion transactions in October, a 5.8% month-over-month increase. Total transaction value reached ₹31.53 lakh crore, up 7.4% from September's ₹29.37 lakh crore, with daily payment values consistently surpassing the ₹1 lakh crore threshold.

Why it matters

The sustained growth in both volume and value underscores the platform's deepening integration into India's retail economy. Surpassing ₹1 lakh crore in average daily throughput demonstrates the system's capacity to serve as the critical infrastructure for high-frequency domestic financial settlement.

Bigger picture

The upward trend in UPI activity reflects the ongoing structural transition toward digital payments within India, highlighting broader shifts in how consumers and merchants interact with the formal financial system.

Watch next

Monitor upcoming monthly data releases from the National Payments Corporation of India to determine if this growth momentum persists through year-end.

Back to today in 60 seconds
Finance & Markets06 / 06

Binance reports covering 90% of losses following $6.3bn hack, BBC reports

What happened

Binance has reportedly covered 90% of losses stemming from a $6.3 billion hack, according to data from two analytics firms cited by the BBC.

Why it matters

The recovery effort partially mitigates the immediate financial impact on affected parties, though the incident underscores the persistent security vulnerabilities and systemic risks present in the cryptocurrency sector.

Bigger picture

Analytics firms indicate they have obtained evidence linking the massive breach to a North Korean state-backed actor, pointing to potential state-sponsored cyber warfare targeting digital asset platforms.

Watch next

Monitor for further disclosures from analytics firms or regulatory authorities regarding the suspected involvement of the North Korean group.

Original source
BBC
Edition published 7:00 am IST
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