Wed, Jan 01, 2025
UPI records all-time high in December with 16.73 billion transactions; annual growth hits forty-six per cent.
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Tue, Dec 24, 2024
UPI transactions at retail stores have increased by 33 per cent in semi-urban and rural areas this year, reflecting the growing adoption of digital payments, says a report.
Sun, Dec 01, 2024
The Finance Ministry has said that a record 1,658 crore were processed under the Unified Payments Interface (UPI) in October, underscoring its pivotal role in the country's digital transformation.
Wed, Nov 06, 2024
Non-Resident Indians (NRIs) with international phone numbers can now make UPI transactions. This video explains the simple steps to enable UPI for NRIs and how to link international phone numbers to make secure payments. Follow along for an easy guide on using UPI from abroad.
Tue, Nov 05, 2024
The UPI service is available in various countries, including the United Kingdom, the United States, Canada, Singapore, the UAE, and Australia. Several banks, such as ICICI, HDFC, the State Bank of India, and others, offer the UPI service for NRIs.
Fri, Oct 04, 2024
Google UPI Circle: UPI Circle on Google Pay will help the primary user delegate digital payment tasks to trusted contacts like close friends or family members.
Wed, Oct 02, 2024
Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors.
Sun, Sep 22, 2024
The National Payments Corporation of India (NPCI) has introduced a dedicated service that enables UPI transactions without the need for internet connectivity.
Thu, Aug 29, 2024
The NPCI has introduced a new payment solution called UPI Circle. This system allows a payer to authorize others to conduct transactions from their UPI account under specified conditions. With UPI Circle, secondary users can perform transactions with minimal intervention, while ensuring adequate risk mitigations are in place. Learn more about this new way of making UPI transactions in this article.
Mon, Aug 19, 2024
The National Payments Corporation of India (NPCI) - responsible for the development and operation of payment systems in the country - is all set to introduce a new method of making UPI transactions. Unlike traditional methods like Scan & Pay or Pay to Contact, UPI Tap & Pay uses NFC technology instead of a camera to complete transactions, making your transactions not only easier but also faster and more secure.
Thu, Aug 08, 2024
This will further ease tax payments by consumers through UPI, noted RBI.
Tue, Aug 06, 2024
The National Payments Corporation of India (NPCI) is witnessing a surge in the UPI platform's credit feature, with about Rs 10,000 crore of transactions happening a month, a top official said.
Fri, Aug 02, 2024
In June 2024, the total UPI transaction value was Rs 20.07 trillion, while in May it was Rs 20.44 trillion.
Thu, Aug 01, 2024
The customers are unable to withdraw money from ATMs as well as do UPI transactions. These banks are mostly cooperative or Gramin banks.
Thu, Jul 04, 2024
Ambassador of India to France and Principality of Monaco Jawed Ashraf launched UPI by live use at the store in the presence of Nicolas Houze, CEO of Galeries Lafayette, and Alain Lacour, Chairman of Lyra Group, the release said.
Tue, Jul 02, 2024
HDFC Bank will temporarily suspend its UPI services on July 13 while it transitions from its current core banking system (CBS) to a newly engineered platform. The country's largest private sector bank aims to enhance performance, capacity, and reliability through this upgrade.
Sat, Jun 29, 2024
The system had earlier been introduced in all Automatic Smart Card Recharge Machines (ASCRM) installed at stations of Blue Line but not at counters.
Thu, Jun 27, 2024
He said the super.money app aims to democratise access to financial services by leveraging UPI infrastructure, “which is aligned to the government's larger vision of financial inclusion”.
Thu, Jun 20, 2024
Both sides also deliberated upon diversification of the trade basket by identifying new products, bilateral investment treaty, recognition of Indian pharmacopoeia and collaboration in the pharma sector.
Wed, May 08, 2024
As digital payment platforms, PhonePe and Google Pay, continue to have a duopoly in the Unified Payments Interface (UPI) market, the deadline by the National Payments Corporation of India (NPCI) to implement a 30 per cent market share cap on UPI services providers inches closer. Will NPCI implement or extend the deadline?
Tue, May 07, 2024
Commuters will also be able to recharge their smart cards in a similar way with the help of this system.
Mon, May 06, 2024
In the past, NRIs needed to register an Indian mobile number with their banks to make UPI payments. Now, they can use their international mobile number to make payments through UPI via ICICI's iMobile Pay mobile banking app.
Wed, May 01, 2024
In February, transaction count and volume were seen at 1,210 crore and Rs 18.28 lakh crore, respectively, while in January, it was 1,220 crore and Rs 18.41 lakh crore, respectively.
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