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UPI News

14 Dec 2024

UPI Achieves 15,547 Crore Transactions Worth Rs 223 Lakh Cr From Jan To Nov

UPI processed an impressive Rs 23.49 lakh crores across 16.58 billion financial transactions in October 2024, marking a 45 per cent year-on-year growth from 11.40 billion transactions in October 2023, as per the Ministry of Finance figures.

09 Dec 2024

Should You Switch From UPI To UPI Lite For Small Value Payments?

UPI Vs UPI Lite Features: NPCI under the guidance of the Reserve Bank of India (RBI) rolled out UPI Lite in September 2022, an enhanced version of UPI, which allows several low-volume transactions to be performed without entering a UPI pin.

08 Dec 2024

UPI Provided Credit Access To Poor, Fuelled Equitable Growth: Study

By October 2023, 75 per cent of all retail digital payments in India were through UPI.

06 Dec 2024

RBI Allows Small Finance Banks To Extend Pre-Sanctioned Credit Lines Via UPI

Credit line on UPI was launched in September 2023 and was made available through Scheduled Commercial Banks (SCBs).

Unified Payment Interface

03 Dec 2024

List Of Countries Where You Can Directly Pay From Your Indian Bank A/c Via UPI

Check list of UPI-powered applications that support international merchant payments in countries outside India.

Unified Payments Interface

02 Dec 2024

UPI Transactions May Touch 25 Billion A Month Towards 2025 End

After reaching a record high in October 2024 of 16.58 billion transactions and a value of Rs 23.50 lakh crore, UPI transactions in November stood at 15.48 billion transactions (38 per cent year-on-year growth) with a value of Rs 21.55 lakh crore (24 per cent YoY growth).

01 Dec 2024

UPI Transactions See 38 Per Cent YoY Growth In November

UPI Transaction: The FASTag transactions grew by 4 per cent in volume to 359 million, up from 345 million transactions in October. Aadhaar Enabled Payment System (AePS) transactions stood at 92 million, with a value of Rs 23,844 crore during the period.

27 Nov 2024

Make UPI Payments In UAE, Sri Lanka, Singapore, France, Mauritius Via Paytm

The company also stated that the users can set up UPI International on the Paytm app, with a one-time activation linked to the user's bank account. When scanning a UPI-enabled QR code abroad, the app will prompt activation automatically for easy access.

24 Nov 2024

Internationalisation Of UPI Progressing Rapidly: RBI

According to Patra, innovations in the digital credit landscape such as Account Aggregators, OCEN, and financial services on ONDC have also contributed to productivity gains.

24 Nov 2024

Internationalisation Of UPI Progressing Rapidly: RBI Report

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year).

10 Nov 2024

Making UPI Payments Without Smartphone Gets Easier; RBI Takes BIG Step

UPI 123 Pay Limit: The National Payments Corporation of India (NPCI) confirmed this change in a circular dated October 25, 2024, with a compliance deadline set for January 1, 2025.

31 Oct 2024

Debit Card-Based Transactions Drop 8% In September As UPI Payments Surge

On the other hand, credit card transactions grew in the country, which saw a nearly 5 per cent increase in the month of September at Rs 1.76 lakh crore, from Rs 1.68 lakh crore in August, according to the latest data from the central bank.

Unified Payments Interface

30 Oct 2024

Two New UPI Changes From November 2024-- All You Want To Know

From UPI Lite to Sebi mandate --check two changes in UPI.

23 Oct 2024

Cash Transactions Decline Rapidly In India As Digital Payments Surge: RBI

Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024, with unified payments interface (UPI) playing a key role.

21 Oct 2024

President Mohamed Muizzu Decides To Introduce India's UPI In Maldives

The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, the President's Office said in a statement on Sunday.

08 Oct 2024

ICICI Bank Partners With PhonePe To Offer Instant Credit On UPI

This partnership will enable customers to avail flexible short-term credit through a fully digital user experience from within the PhonePe app instantly, said PhonePe.

27 Sep 2024

UPI Pips Credit Cards As Preferred Payment Method In India: Report

The immense popularity of UPI is seen from the transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities.

23 Sep 2024

3 In 4 UPI Users To Stop Using It If Transaction Fee Is Introduced: Survey

LocalCircles will escalate the findings of this survey with Ministry of Finance and Reserve Bank of India (RBI) so that pulse of the UPI user is taken into account before any MDR charges are permitted.

UPI transactions

23 Sep 2024

Make UPI Payments Without Internet: Here’s Your Step-by-Step Guide

National Payments Corporation of India (NPCI) has launched a special service that allows UPI transactions without needing an internet connection.

22 Sep 2024

Auto Driver's Method Of Collecting Fare Catches Ashwini Vaishnaw's Attention

Ashwini Vaishnaw shared a viral photo of the auto driver hailing him for his approach to collecting UPI payments.

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