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unified payment interface (UPI) News
unified payment interface (UPI)
Beware of UPI frauds! How scammers can steal your money and what you should do to stay safe
Mon, Nov 04, 2019
Unified Payments Interface or UPI is a system that powers multiple bank accounts merging several banking features into a single mobile application providing seamless fund routing and merchant payments. The feature was introduced to make digital payments easier and while it has done that successfully, unfortunately, fraudsters have found a new way of looting customers.
Budget 2019 Crackdown on Cash! No charges for customers using MDR on BHIM UPI, Aadhaar Pay, NEFT, RTGS
Fri, Jul 05, 2019
FM Sitharaman said, "To promote other electronic modes of payment, it is proposed to amend these provisions to also allow payment or receipt through other prescribed electronic modes."
Paytm clocks 5.5 billion transactions in FY19: Cards, UPI payments drive growth for digital platform - What's next?
Wed, Jun 05, 2019
Explaining its new milestone, Paytm gave credit to hefty rise in usage of digital payment via credit cards, debit cards, wallets and Unified Payments Interface (UPI).
405.8 mn UPI transactions worth Rs 59,835 cr clocked in Sept 2018
Tue, Oct 02, 2018
"Our country is embracing digital payments for their everyday use cases. Paytm has built an ecosystem where users can make payments for various services such as mobile recharges, electricity and water bills, metro commute and also at the offline stores," Paytm Senior Vice President Deepak Abbot said.
Paytm to complete 2 billion transactions this year: CEO Sharma
Thu, Dec 08, 2016
On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account.
Ratan Tata, Nandan Nilekani & Vijay Kelkar to start microfinance entity Avanti Finance
Mon, Aug 29, 2016
Ratan Tata, Nandan Nilekani and Vijay Kelkar have come together to set up a technology-enabled microfinance entity, Avanti Finance, which will focus on delivering affordable and timely credit to underserved and unserved segments in India.
Digital money transfer, payments to become easier with Yes Bank - Phone Pe's UPI app
Mon, Aug 29, 2016
Binny Bansal, Group CEO and Co-founder, Flipkart said, “UPI is a watershed moment in the digital payments industry, not just in India but worldwide. I’m thrilled that PhonePe and YES Bank are working together closely to spearhead the digital payments revolution in India.”