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Unified Payments Interface News
Unified Payments Interface
UPI likely fastest digital product to hit 1 billion transactions-a-month, report claims
Fri, Feb 28, 2020
Unified Payments Interface (UPI) is the fastest product to hit 1 billion transactions-a-month in 2019, according to a report by Worldline India; UPI facilitated transactions worth INR 18.36 trillion, up 214 pct from 2018
Truecaller apologises to Indian users over bug fiasco that covertly signed up users
Tue, Aug 06, 2019
Some users of Truecaller Pay feature last week complained that an SMS was sent out automatically without users` consent to its banking partners.
Cashless economy at full speed! UPI transactions rise 30% in June; highest ever growth in Q1FY19
Mon, Jul 02, 2018
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
PhonePe hits out at Paytm, says claims around UPI are "misleading"
Thu, Mar 08, 2018
PhonePe clarified that data around Paytm's ATV and Average Transactions per Customer (ATPC) was not available. However, based on the 21 million money transfer transactions made by Paytm customers to PhonePe users, the Bengaluru-based company had found that 40,000 unique consumers had done over 500 transactions each in February bringing the average transaction for Paytm to less than Rs 40.
Govt ropes in ICICI Bank to enable cashless payments on e-NAM
Thu, Dec 07, 2017
ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments, the official added.
Use UPI to book rail tickets at reservation counters
Fri, Dec 01, 2017
The Railways has extended the facility for payment through UPI/BHIM on all the ticket counters. This facility to book e-tickets online has already been implemented on the IRCTC website.
Card transactions soar 84% in to Rs 74,090 crore: Study
Sun, Nov 19, 2017
The transaction volume at all points of sale (POSes) clipped higher by 86% to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.
WhatsApp for Business: BookMyShow now sends confirmatory messages for movie tickets via this app; here’s what’s next
Fri, Sep 01, 2017
WhatsApp has rolled out its WhatsApp for Businesses with BookMyShow. With WhatsApp Payments will the app become one-stop shop for businesses in India?
NPCI says UPI transactions rose 10% in July
Wed, Aug 02, 2017
Key Highlights: UPI transactions in July rose 10%, at 11.63 million In value terms, transactions stood at Rs 3,411 crore
Only 7% rise in transactions through cards post Demonetistion
Sun, Jul 16, 2017
Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.
MobiKwik partners Samsung Pay for select devices
Sun, Jul 16, 2017
As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, the digital payments firm said in a statement.
UPI crosses 1 crore transaction in June, says NPCI
Mon, Jul 03, 2017
This is a staggering 10-fold increase in 11 months from barely one million UPI transactions in August 2016 to over 10 million in June this year.
Digital transactions: Is UPI finally making the right bet to grow?
Tue, Apr 04, 2017
Nearly seven months since its launch, Unified Payments Interface (UPI) has failed to rock the digital transactions boat in India. Even demonetisation that forced the government to pivot to making India a 'less-cash' society hasn't helped much.
ICICI Bank partners with Truecaller to launch payment service app 'Truecaller Pay'
Tue, Mar 28, 2017
ICICI Bank in partnership with Truecaller has launched 'Truecaller Pay' app in New Delhi on Tuesday.
NPCI expects all public sector banks to join BHIM platform by end of February
Tue, Feb 07, 2017
NPCI expects all public sector banks to join its recently launched BHIM platform by the end of February this year.
Govt to give cashback for using BHIM app; Jaitley says
Wed, Feb 01, 2017
Jaitely said, "The government will launch two new schemes to promote usage of BHIM app and these are Referral Bonus Scheme for individuals and a Cashback Scheme for merchants."
Economic Survey: Has the government spread enough JAM across India?
Tue, Jan 31, 2017
Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.
NPCI launches updated 1.2 version of BHIM app on Google Play Store; to be available in 7 new languages
Wed, Jan 25, 2017
The National Payments Corporation of India (NPCI) on Wednesday launched second updated version 1.2 of Bharat Interface for Money (BHIM) app on Google Play Store for Android phone users.
As BHIM downloads touch 5 million, 'teething problems' hit payment app
Wed, Jan 25, 2017
One user criticised the "very very poor app establishment", citing the inability to generate a PIN using the Maestro debit card. Asking the authorities to "please look into the matter at the earliest", he contended that some 30-40 per cent of account holders have debit cards without expiry dates.
PhonePe urges ICICI Bank to give reasons for blocking transactions
Tue, Jan 17, 2017
In August, Flipkart's PhonePe subsidiary had partnered with Yes Bank to introduce unified payment interface (UPI) based mobile payments app.