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Bhim Upi

UPI Lite: RBI Raises Offline Transaction Limit To Rs 500, Here’s How To Use This Payment System

In its monetary policy committee meeting (MPC) today, RBI decided to upgrade UPI Lite to enable users to conduct transactions up to Rs 500 offline.

10 August 2023

Government Notifies Incentives For Promoting PoS, E-Commerce Transactions Using Rupay, BHIM

Government Notifies Incentives For Promoting PoS, E-Commerce Transactions Using Rupay, BHIM

The notification dated January 14, 2023 published on the Ministry of Electronics and IT website on Monday is part of an announcement in the Union Budget for 2022-23 to boost digital transactions in the country

16 January 2023

ICICI Bank’s Pockets Tops List Of India’s Most Valued Digital Payment Brands, Followed By PayZapp & Google Pay

The study found that better security, data privacy, and customer support give banking digital payment apps higher customer loyalty compared to non-banking digital payment apps.

05 December 2022

Credit Cards

BOB Financial Opens Up Its Entire Rupay Credit Card Base For Linking On UPI

BoB Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps, BOB Financial Solutions Ltd (BFSL) said

31 May 2023

Govt Approves Rs 2,600 Crore Incentive Scheme To Promote Rupay Debit Card, UPI Transactions

The incentive scheme will facilitate a robust digital payment ecosystem while promoting RuPay Debit Card and BHIM-UPI digital transactions

13 January 2023

Singapore, UAE Interested In Accepting RuPay, Says Nirmala Sitharaman

Union Minister of Finance Nirmala Sitharaman is in the US on an official visit. She mentioned that both Singapore and the UAE have shown interest in accepting India’s home-grown card payment network, RuPay

12 October 2022

Unified Payments Service (UPI)

SBI Allows Bhim-Based Real-Time Payment With Singapore

The inward bilateral remittance between the two countries was around $949 million in 2021 according to the World Bank bilateral remittances matrix, SBI said

22 February 2023

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UPI Payments

UPI Payment Crosses Rs 11 Lakh Crore Milestone In September

During the month, 678 crore transactions in volume terms were done on the platform launched in 2016.

04 October 2022

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26 September 2022
Now, Transact Without Internet And PIN On UPI Lite With PNB, SBI, HDFC Bank And 5 Others Banks

Now, Transact Without Internet And PIN On UPI Lite With PNB, SBI, HDFC Bank And 5 Others Banks

UPI Lite is a new UPI-based wallet launched by the RBI and NPCI recently. Here’s how it is different from UPI and some of the important things to keep in...


04 August 2022
UPI Clocks 6.28 Billion Transactions, Gears Up For Greater Financial Inclusion In India

UPI Clocks 6.28 Billion Transactions, Gears Up For Greater Financial Inclusion In India

The UPI network processed 6.28 billion transactions worth Rs 10.63 trillion in July 2022. The UPI-credit card is widely expected to give a further boost to...


01 July 2022
UPI Transactions Remain Above Rs 10 Lakh Crore In June For Second Month In A Row: NPCI Data

UPI Transactions Remain Above Rs 10 Lakh Crore In June For Second Month In A Row: NPCI Data

However, it was down by nearly 3 per cent from the previous month


04 June 2022
What Makes India's Unified Payments Interface (UPI) A Global Test Case?

What Makes India's Unified Payments Interface (UPI) A Global Test Case?

Simplicity, a centralised facility that does not depend on a single bank, and a robust infrastructure built on the back of a secure and proven IMPS system make...


14 May 2022
India’s UPI Far Advanced Than Similar System In Use In Developed Nations, Says Report

India’s UPI Far Advanced Than Similar System In Use In Developed Nations, Says Report

Did you know that India’s instant payment systems, such as the UPI and IMPS are, far more developed than similar systems in use in the US, the UK, Canada and...


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23 April 2022
UPI Provides A Seamless And Convenient Payment Option; But How Secure Is It?

UPI Provides A Seamless And Convenient Payment Option; But How Secure Is It?

A UPI transaction takes mere seconds and is the most preferred payment mechanism in India. Here’s how security matches its speed.


30 March 2022
Google Pay Launches Tap To Pay Feature For UPI Payments

Google Pay Launches Tap To Pay Feature For UPI Payments

This will allow people to make payments by just tapping their phones against the POS terminal. 


19 March 2022
NPCI Launches UPI Lite For Small-Ticket Offline Digital Payments; Here’s How It Works

NPCI Launches UPI Lite For Small-Ticket Offline Digital Payments; Here’s How It Works

National Payments Corporation of India (NPCI) has launched UPI Lite service to facilitate offline fund transfers for people with low or no internet...


16 March 2022
UPI Activation Through Aadhaar From March 15: Know How It’ll Work If Banks Follow Deadline

UPI Activation Through Aadhaar From March 15: Know How It’ll Work If Banks Follow Deadline

UPI activation through Aadhaar is awaited as it will bring a larger number of people into the UPI ecosystem.


16 March 2022
6 Ways In Which Rural India Is Transacting Online Without Internet Or Smartphones

6 Ways In Which Rural India Is Transacting Online Without Internet Or Smartphones

Some existing payment and cash solutions ensure digital transactions without the need for internet, smartphones or debit or credit cards


08 March 2022
Now Make UPI Payments Even Without A Smartphone, Internet Connection

Now Make UPI Payments Even Without A Smartphone, Internet Connection

UPI 123Pay will allow customers to use feature phones for almost all transactions barring scan and pay even without an internet connection


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15 December 2021
Govt Approves Scheme To Reimburse Merchant Charges For Transactions Made Via UPI, RuPay Debit Card

Govt Approves Scheme To Reimburse Merchant Charges For Transactions Made Via UPI, RuPay Debit Card

Union Minister Ashwini Vaishnaw stated that the country incurred a record 423 crore digital transactions in November, computing to a total value of Rs 7.56...


23 October 2021
PhonePe Is Now Charging Processing Fee On Mobile Recharges

PhonePe Is Now Charging Processing Fee On Mobile Recharges

PhonePe has started charging processing fees ranging between Re 1 to Rs 2 per transaction for mobile recharges exceeding Rs 50.


14 September 2021
Indian UPI and Singaporean Equivalent PayNow To Be Linked

Indian UPI and Singaporean Equivalent PayNow To Be Linked

Linkage of these fast payment systems will enable users to make instant, low-cost fund transfers on a reciprocal, cross-border basis.


13 July 2021
FM Hopes For Stronger Bilateral Ties With Bhutan Upon Launching BHIM-UPI

FM Hopes For Stronger Bilateral Ties With Bhutan Upon Launching BHIM-UPI

The launch is expected to benefit more than 2,00,000 tourists from India who travel to Bhutan each year.


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