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  Indian users can make UPI payments to UAE merchants: Know-how?

  Technology | July 04, 2024 12:49 IST

  The Indian government is introducing UPI service in the UAE market. NPCI International Payments Limited has recently collaborated with Network International, a major digital commerce company in Africa and the Middle East, to facilitate the services.

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  UPI transactions skyrocket 49 per cent per year, reaching 13.89 billion in June 2024

  Technology | July 01, 2024 19:08 IST

  This year in June, the UPI hit a record 13.89 billion transactions, marking a 49 per cent increase year-on-year, as per the National Payments Corporation of India (NPCI). Despite the growth in transaction count, the transaction volume slightly decreased to Rs 20.07 lakh crore, down 1.9 per cent.

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  RBI proposes automatic replenishment for UPI Lite wallet

  Business | June 07, 2024 15:00 IST

  The Reserve Bank of India (RBI) has proposed a new facility to allow automatic replenishment of UPI Lite wallets to promote small-value digital payments. Currently, UPI Lite has a daily limit of Rs 2,000 and a per-transaction limit of Rs 500.

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  Peru becomes first South American country to adopt UPI technology, signs agreement with NPCI

  Business | June 05, 2024 18:50 IST

  Julio Velarde, Governor of the Central Reserve Bank of Peru calls it a significant step towards strengthening and modernising the Peruvian payments system by expanding access to digital payments.

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  Online payment fraud cases jumped by 400 percent, RBI releases shocking data

  Technology | June 01, 2024 15:20 IST

  The Reserve Bank of India has shared data on the frauds that occurred in the last financial year, and the numbers are alarming. The rise in UPI payments has corresponded with a similar increase in online fraud cases.

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  How are RuPay credit card transactions on UPI growing in India? Check here

  Technology | May 23, 2024 23:08 IST

  In June 2022, the RBI allowed individuals to link their credit cards to UPI, enabling payments by simply scanning QR codes. Here's a look at how the system has expanded since then and who the major beneficiaries are.

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  PhonePe users can now make UPI payments in THIS country without worrying about currency exchange

  Technology | May 18, 2024 11:53 IST

  UPI network is rapidly expanding in foreign countries. UPI payments are now accepted in several countries including Bhutan, the United Arab Emirates, Malaysia, Singapore, Nepal, Oman, and more.

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  UPI increases convenience but leading to another problem: Here's what experts have to say

  May 11, 2024 14:19 IST

  Digital transactions via UPI are increasing in India. As per NPCI data, there has been a 50 percent increase in UPI transactions on a year-on-year basis in April this year but this is also leading to a new problem.

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  PhonePe, Google Pay, more might restrict users from making unlimited transactions soon: Here's why

  Technology | May 08, 2024 16:25 IST

  UPI services in India are provided by various apps like PhonePe and Google Pay. In April, PhonePe was the biggest player and had 49 percent share across P2M (person to merchant) and P2P (person to person) transactions.

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  India to help this country in developing UPI-like payment system: Details here

  Technology | May 02, 2024 17:26 IST

  NPCI International Payments Limited deploys RuPay and UPI outside of India. Its network allows for RuPay and UPI allows Indian travellers to use these payment channels in their destination country. Now, it is helping other countries to develop their own UPI-like system.

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  UPI transaction count drops in April: Details here

  Technology | May 01, 2024 19:07 IST

  Recent data released by  the National Payments Corporation of India suggests a drop in UPI transaction count in April. These transactions were less than what was reported in March.

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  BharatPe launches BharatPe One device in India: All you need to know

  Technology | April 23, 2024 18:42 IST

  The new product from BharatPe will help merchants who accept a range of payment options including UPI and cards. The product streamlines transactions for merchants and offers versatile payment acceptance options.

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  How to activate UPI international on PhonePe, Google Pay, and BHIM? A step-by-step guide

  Technology | March 28, 2024 14:42 IST

  NPCI International Payments Limited allows Indian travelers to make UPI payments in 6 countries. If you're traveling to any of these countries or want to make UPI payments to merchants located in these countries, here's how to enable UPI International in your UPI app.

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  WhatsApp working on feature to enable international UPI payments for Indian users

  Technology | March 27, 2024 12:26 IST

  WhatsApp may be working a new payment feature for its users in India, allowing international payments through its in-app Unified Payments Interface (UPI) service, as per a leak.

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  Paytm gets third-party app license from NPCI to perform UPI transactions

  Business | March 14, 2024 21:54 IST

  Paytm has secured a third-party application provider license amidst regulatory challenges faced by its banking unit. This license enables Paytm to continue offering seamless transactions through India's unified payment interface (UPI), ensuring uninterrupted services for its users.

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  Smaller UPI apps seek NPCI support to compete with Google Pay and PhonePe

  Technology | March 06, 2024 10:19 IST

  In a meeting by NPCI, smaller UPI players stated their inability to offer cashback and rewards mostly because of the limited marketing budgets, which has been hindering their ability to attract consumers away from established and highly used online payment apps like Google Pay and PhonePe.

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  UPI, Aadhaar usage expected to grow in India's economy to USD 8 trillion by 2030

  Technology | February 21, 2024 17:00 IST

  Ecologically, DPI adoption has led to significant paper savings and carbon emissions reduction. The time saved in the logistics and transportation sector reduced carbon emissions by 3.2 million tonnes in 2022.

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  Paytm explains what will and what will not work after March 15: All about UPI, Fastag, Wallet

  Technology | February 20, 2024 19:17 IST

  Here is everything you need to know about the Paytm Payment Bank and restrictions with UPI, Fastag, Wallet and more after March 15.

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  How to make UPI payments while travelling abroad? Tips and tricks

  Technology | February 20, 2024 13:36 IST

  The Government of India has made UPI payments available in many international countries, to make transactions easier for Indians who are planning to travel abroad. This service could also be used by the Non-Resident Indians (NRIs) for making any international transactions.

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  Paytm Payments Bank Crisis: Here's how you can purchase, deactivate your FASTag

  Business | February 19, 2024 13:12 IST

  As per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.