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UPI News

27 Nov 2024

Make UPI Payments In UAE, Sri Lanka, Singapore, France, Mauritius Via Paytm

The company also stated that the users can set up UPI International on the Paytm app, with a one-time activation linked to the user's bank account. When scanning a UPI-enabled QR code abroad, the app will prompt activation automatically for easy access.

24 Nov 2024

Internationalisation Of UPI Progressing Rapidly: RBI

According to Patra, innovations in the digital credit landscape such as Account Aggregators, OCEN, and financial services on ONDC have also contributed to productivity gains.

24 Nov 2024

Internationalisation Of UPI Progressing Rapidly: RBI Report

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year).

10 Nov 2024

Making UPI Payments Without Smartphone Gets Easier; RBI Takes BIG Step

UPI 123 Pay Limit: The National Payments Corporation of India (NPCI) confirmed this change in a circular dated October 25, 2024, with a compliance deadline set for January 1, 2025.

31 Oct 2024

Debit Card-Based Transactions Drop 8% In September As UPI Payments Surge

On the other hand, credit card transactions grew in the country, which saw a nearly 5 per cent increase in the month of September at Rs 1.76 lakh crore, from Rs 1.68 lakh crore in August, according to the latest data from the central bank.

Unified Payments Interface

30 Oct 2024

Two New UPI Changes From November 2024-- All You Want To Know

From UPI Lite to Sebi mandate --check two changes in UPI.

23 Oct 2024

Cash Transactions Decline Rapidly In India As Digital Payments Surge: RBI

Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024, with unified payments interface (UPI) playing a key role.

21 Oct 2024

President Mohamed Muizzu Decides To Introduce India's UPI In Maldives

The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, the President's Office said in a statement on Sunday.

08 Oct 2024

ICICI Bank Partners With PhonePe To Offer Instant Credit On UPI

This partnership will enable customers to avail flexible short-term credit through a fully digital user experience from within the PhonePe app instantly, said PhonePe.

27 Sep 2024

UPI Pips Credit Cards As Preferred Payment Method In India: Report

The immense popularity of UPI is seen from the transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities.

23 Sep 2024

3 In 4 UPI Users To Stop Using It If Transaction Fee Is Introduced: Survey

LocalCircles will escalate the findings of this survey with Ministry of Finance and Reserve Bank of India (RBI) so that pulse of the UPI user is taken into account before any MDR charges are permitted.

UPI transactions

23 Sep 2024

Make UPI Payments Without Internet: Here’s Your Step-by-Step Guide

National Payments Corporation of India (NPCI) has launched a special service that allows UPI transactions without needing an internet connection.

22 Sep 2024

Auto Driver's Method Of Collecting Fare Catches Ashwini Vaishnaw's Attention

Ashwini Vaishnaw shared a viral photo of the auto driver hailing him for his approach to collecting UPI payments.

22 Sep 2024

75% Of Users Say They’ll Stop Using UPI If THIS Happens: Check Reason

The survey found 37 per cent of respondents shared UPI transaction accounts for more than 50 per cent of their total payment in value terms.

17 Sep 2024

Low On Balance? UPI Lite To Soon Have Auto Top-up Feature Launching On Oct 31

NCPI has said that with this new feature, the UPI LITE balance will automatically be reloaded by an amount chosen by the user, not exceeding the UPI LITE Balance limit, whenever the balance falls below a maximum limit set by them.

15 Sep 2024

UPI Transaction Limit Changing From Sept 16; Check Eligibility, New Limit

UPI Transaction Limit: The new UPI limit will also apply to other transactions, including payments to hospitals, educational institutions, IPOs, and RBI retail direct schemes.

04 Sep 2024

India's Credit Card Market Set to Double, Reaching 200 Million By FY28-29: PwC

India Credit Card Market: The report mentioned that debit cards have struggled to compete with credit cards in terms of rewards, which has further contributed to their decline.

01 Sep 2024

New Credit Card Rules On UPI For RuPay Users, Effective From September 1

New Credit Card Rules On UPI: In June 2022, the Reserve Bank of India (RBI) allowed RuPay credit cards to be linked with UPI, which was previously used only as a pay-now facility.

Unified Payments Interface

31 Aug 2024

UPI Likely To Grow Further In Several Countries: RBI Governor

These endeavours, he said, underscore collaborative efforts for the adoption of India’s initiatives across the globe.

31 Aug 2024

UPI Processed Rs 81 Lakh Cr Worth Transactions In April-July, Up 37% YoY

In July, UPI transactions crossed Rs 20.6 lakh crore — the highest-ever during a month. The value of UPI transactions processed remained above Rs 20 lakh crore for three consecutive months. Paysecure examined 40 of the top alternative payment methods from around the world to reveal this data.

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