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Upi Payment

NPCI Directs UPI Apps, Web Merchants To Ensure Interoperability

NPCI wants UPI service providers and online merchants to prominently display the payment option for customers.

21 March 2023

Sent Money To A Wrong UPI ID? Here's How You Can Retrieve it

Here is how you can get your money back if you sent it to a wrong UPI address

08 December 2022

How Is Central Bank Digital Currency (CBDC) Different From Unified Payment Interface (UPI)?

How Is Central Bank Digital Currency (CBDC) Different From Unified Payment Interface (UPI)?

India started a trial for retail central bank digital currency (CBDC) today. Although both CBDC and UPI payments use a QR code, there are some subtle differences. Know more.

01 December 2022

PhonePe

PhonePe Reaches $1T Annualised Payment Value Run Rate; Gets RBI's Nod For PA Licence

PhonePe is making significant investments in new businesses like insurance and wealth management

11 March 2023

Unique Payment Interface (UPI) based transactions

Digital Payments Worth Rs 38.32 Trillion Carried Out In Jul-Sep 2022 Period: Worldline

Unique Payment Interface (UPI) based transactions dominated the segment both in terms of value and volume

06 December 2022

Google Play Launches UPI Autopay In India: Report

The UPI Autopay, which was introduced by NPCI under UPI 2.0, allows users to make regular payments using any UPI application that supports this feature.

16 November 2022

Reserve Bank of India.

RBI Eases Payments Further: Extends UPI To Inbound Travellers, Announces QR Code Based Coin Vending Machine

Reserve Bank of India Governor Shaktikanta Das has said that inbound travellers to India will now be permitted to access UPI for their merchant payments while they are in the country. Also announced pilot project on QR Code...

08 February 2023

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Paytm On Right Path To Profitability, Free Cash Flows: Vijay Shekhar Sharma

While sharing Paytm performance matrix for the month of October, Sharma in a letter to shareholders said that the company is scaling up lending business which has huge demand in the country.

14 November 2022

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01 November 2022
UPI Transactions Rise 7.7% To 730 Crore In October

UPI Transactions Rise 7.7% To 730 Crore In October

In September, there were 678 crore UPI-led digital transactions worth Rs 11.16 lakh crore


20 October 2022
How To Change UPI Pin Via Google Pay; Here Is A Step-By-Step Guide

How To Change UPI Pin Via Google Pay; Here Is A Step-By-Step Guide

All the transactions done via Google Pay are usually secured by a UPI Pin, which is a four to six digit number, often entered to either access the GPay app or...


10 October 2022
Delhi Govt To Waive Late Payment Surcharge On Water Bills Till Dec 31

Delhi Govt To Waive Late Payment Surcharge On Water Bills Till Dec 31

On Monday, Delhi Chief Minister Arvind Kejriwal said his government would waive late fees on outstanding water bills until December 31.


05 October 2022
India In Line With RBI’s Vision, Records 20.57 Billion Online Payments in Q2 2022

India In Line With RBI’s Vision, Records 20.57 Billion Online Payments in Q2 2022

UPI trumps credit and debit cards at 34 per cent against 8 per cent in terms of volume at merchant transactions. UPI sees increasing usage in micro...


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...


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22 September 2022
India's Success In Popularising Digital Payment Proved Sceptics Wrong: Nirmala Sitharaman

India's Success In Popularising Digital Payment Proved Sceptics Wrong: Nirmala Sitharaman

During the lockdown induced by the COVID-19 pandemic, people received money in their bank accounts just by pressing a button, she said


20 September 2022
Why Are NPCI And UPI Companies Not On The Same Page On Limiting Market Share?

Why Are NPCI And UPI Companies Not On The Same Page On Limiting Market Share?

While dominant players like PhonePe and Google Pay are seeking an extension of the deadline till January 2023, purportedly to safeguard their market share,...


09 September 2022
ONDC May Be Opened To Public Soon, Says Official

ONDC May Be Opened To Public Soon, Says Official

Chief Business Officer of Open Network for Digital Commerce (ONDC) Shireesh Joshi said that the initiative is a capability that will unleash waves of innovation


08 September 2022
4 Steps To Seamlessly Make UPI Payments Through WhatsApp

4 Steps To Seamlessly Make UPI Payments Through WhatsApp

In a move to make UPI payments even simpler, WhatsApp is now allowing users to send money as swiftly as sending an emoji


22 August 2022
No UPI Transaction Charges, Says Finance Ministry; But Where Did The Confusion Start?

No UPI Transaction Charges, Says Finance Ministry; But Where Did The Confusion Start?

Fintech companies welcome initiative as UPI has brought many business and consumers into mainstream banking channels. According to NCPI, approximately 6.28...


05 August 2022
RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).


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27 July 2022
What Are Newly Proposed MDR rates For UPI-linked RuPay Credit Card transactions?

What Are Newly Proposed MDR rates For UPI-linked RuPay Credit Card transactions?

The National Payments Corporation of India (NPCI) and various banks are ready to submit a final proposal regarding MDR charges on UPI-linked RuPay credit cards...


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


17 June 2022
UPI’s Universality On Rise: Now, Indians Can Pay In Euros In France With UPI, RuPay Cards

UPI’s Universality On Rise: Now, Indians Can Pay In Euros In France With UPI, RuPay Cards

India’s UPI has a new foreign use case, and this time, it’s France. Previously, UAE, Japan, the US, Singapore, Bhutan and Nepal were accepting UPI.


17 June 2022
RBI Raises Limit Of E-Mandates For Transactions Up To Rs 15,000

RBI Raises Limit Of E-Mandates For Transactions Up To Rs 15,000

The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments, including the requirement of...


10 June 2022
Linking Credit Cards To UPI To Increase Card Usage In India, Says Goldman Sachs Report

Linking Credit Cards To UPI To Increase Card Usage In India, Says Goldman Sachs Report

Linking credit cards to UPI is a game changing move by the Reserve Bank of India that could increase credit card penetration and expand the scope of digital...


08 June 2022
RBI Expands E-Mandate Limit, Links UPI To Rupay Credit Cards: What It Means For You

RBI Expands E-Mandate Limit, Links UPI To Rupay Credit Cards: What It Means For You

The Reserve Bank of India came out with a slew of announcements to expand the scope of paperless transaction and digital banking across the Tier-III to Tier-VI...


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