Upi
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UPI transactions skyrocket 49 per cent per year, reaching 13.89 billion in June 2024
Technology | Jul 01, 2024, 07:08 PM ISTThis 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 | Jun 07, 2024, 03:00 PM ISTThe 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 | Jun 05, 2024, 06:50 PM ISTJulio 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 | Jun 01, 2024, 03:20 PM ISTThe 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, 11:08 PM ISTIn 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 AM ISTUPI 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
Apps | May 11, 2024, 02:19 PM ISTDigital 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, 04:25 PM ISTUPI 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, 05:26 PM ISTNPCI 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, 07:07 PM ISTRecent 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 | Apr 23, 2024, 06:42 PM ISTThe 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 | Mar 28, 2024, 02:42 PM ISTNPCI 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 | Mar 27, 2024, 12:26 PM ISTWhatsApp 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 | Mar 14, 2024, 09:54 PM ISTPaytm 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 | Mar 06, 2024, 10:19 AM ISTIn 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 | Feb 21, 2024, 05:00 PM ISTEcologically, 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 | Feb 20, 2024, 07:17 PM ISTHere 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 | Feb 20, 2024, 01:36 PM ISTThe 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 | Feb 19, 2024, 01:12 PM ISTAs per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
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India signs agreement with Nepal for UPI integration: List of countries accepting UPI payments
Business | Feb 16, 2024, 09:50 AM ISTThe agreement will enable users of both systems to conduct instant, cost-effective fund transfers between India and Nepal.