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Upi Transactions

UPI-PayNow Linkage Will Allow Residents In Singapore And India To Undertake Faster And Cost-Effective Digital Transfers: PM Lee

The move will also help the Indian diaspora in Singapore, especially migrant workers and students, through the instantaneous and low-cost transfer of money from Singapore to India and vice-versa

21 February 2023

NRIs Can Now Make UPI Payments With International Mobile Numbers. Check Details

The National Payments Corporation of India (NPCI) has permitted the transfer of funds between NRE accounts and other permissible accounts endorsed under FEMA regulations.

11 January 2023

Reserve Bank Of India

RBI To Add Feature In UPI Platform To Help Customers In E-Commerce, Share Purchases

Das said a customer will create a payment mandate against a merchant by blocking funds in his/her bank account for specific purposes which can be debited, whenever needed

07 December 2022

Linking Credit Card To UPI: All You Need To Know

Linking credit cards to make UPI payments is a game changer in digital payments as it offers the benefits of both credit cards and UPI, according to experts. Read on to find more.

28 January 2023

Payments through the Unified Payments Interface (UPI) touched a record high of Rs 12.82 lakh crore in December

UPI Payments Touch Record High Of Rs 12.82 Lakh Crore In December

During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016

03 January 2023

RBI Monetary Policy: UPI Will Now Allow Blocking Money For Multiple Debits, BBPS To Include All Payments

RBI Monetary Policy: UPI Will Now Allow Blocking Money For Multiple Debits, BBPS To Include All Payments

The Reserve Bank of India (RBI) has announced two consumer-centric development updates related to Unified Payment Interface (UPI) and Bharat Bill Payment System (BBPS). Know what those are.

07 December 2022

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

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Six Years After Demonetisation, Digital Payments Yet To Replace Cash From Indians’ Wallets

Despite the availability of QR codes, UPI, and other payment solutions, cash is still the dominant as well as the go-to payment mechanism in certain transactions because of its convenience, including high-ticket real estate...

08 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


12 October 2022
India Poised To Be 2nd-Largest E-Shopper Base Globally, E-Retail To Hit $170 billion By 2027: Report

India Poised To Be 2nd-Largest E-Shopper Base Globally, E-Retail To Hit $170 billion By 2027: Report

India is poised to surpass the US to become the second-largest shopper base globally in the next two years from the currently more than 180 million online...


05 October 2022
No Charge For RuPay Credit Card Use On UPI For Transaction Up To Rs 2,000: NPCI

No Charge For RuPay Credit Card Use On UPI For Transaction Up To Rs 2,000: NPCI

RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and...


16 September 2022
RBI Notifies Category-I Banks To Work On Cross Border Payment System Through Bharat Bill

RBI Notifies Category-I Banks To Work On Cross Border Payment System Through Bharat Bill

The RBI has notified all category-I authorised dealer banks to implement the process for enabling Bharat Bill Payment System to process cross-border...


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...


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08 August 2022
71% Consumers Open To Sharing Data On Account Aggregator Platform, Finds Report

71% Consumers Open To Sharing Data On Account Aggregator Platform, Finds Report

According to a report, 71 per cent of consumers are open to sharing financial data on an account aggregator platform and 29 per cent prefer net-banking, manual...


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...


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


20 June 2022
RBI Expects UPI To Grow At 50% CAGR, IMPS, NEFT At 20%; Debit Cards Usage to Beat Credit Cards

RBI Expects UPI To Grow At 50% CAGR, IMPS, NEFT At 20%; Debit Cards Usage to Beat Credit Cards

RBI’s Payment Vision 2025 document sets goalposts to boost the digital payments ecosystem with changes proposed relating to UPI, NEFT, IMPS


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.


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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...


08 June 2022
Reserve Bank Of India  Allows Credit Cards To Be Linked With UPI Platform

Reserve Bank Of India Allows Credit Cards To Be Linked With UPI Platform

UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform.


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...


03 June 2022
UPI Processed Rs 10.41 Lakh Crore Worth of Transactions In May 2022

UPI Processed Rs 10.41 Lakh Crore Worth of Transactions In May 2022

India’s instant payment solution, the UPI, processed Rs 10.41 lakh crore in 5.95 billion transactions in May 2022.


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...


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.


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