UPI
- Technology
UPI transactions surge 114 pc in 8 fiscals, digital payments up 41 pc: Minister
New Delhi: UPI transactions grew from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, with a CAGR of 114 per cent, the Parliament was informed on Monday. During the…
- Technology
Daily UPI-based transactions cross 700 million for first time
New Delhi: The daily unified payments interface (UPI)-based transactions have crossed 700 million for the first time, touching 707 million, according to the latest National Payments Corporation of India (NPCI) data. The…
- Business
New UPI rules to limit balance checks, auto-pay timings from Aug 1
Mumbai: Starting August 1, using UPI will come with a set of new rules aimed at improving transaction speed, reducing system load, and making payments safer. The National Payments Corporation of India…
- India
PayPal partners with NPCI to integrate UPI for global payments
In a major development for digital payments, PayPal has joined hand with the National Payments Corporation of India (NPCI) to integrate UPI into its PayPal World platform. It aims to simplify cross-border…
- Bangalore
Bengaluru vendors dump UPI, return to cash to avoid GST crackdown
Small businesses and street vendors in Bengaluru are abandoning digital payments and reverting to cash transactions. The move comes after a recent GST compliance crackdown by the Commercial Taxes Department. Earlier, authorities…
- Technology
India tops global faster payments ranking, says IMF
New Delhi: Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary Fund (IMF)…
- Middle East
UPI in UAE: Indians may soon need only phones, passports to travel
Dubai: Indians travelling to the United Arab Emirates (UAE) may soon need nothing more than their passports and mobile phones, as advancing digital payment integration is set to eliminate the need for…
- Business
India embraces cashless revolution in last 11 years: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI). In the last 11 years, India…
- Technology
UPI QR codes record 91.5 pc surge to 657.9 million, credit card growth slows
Mumbai: UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million,…
- Technology
Need to target 1 billion UPI transactions a day in 2-3 years: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Monday underscored the need to target one billion Unified Payments Interface (UPI) transactions per day within the next 2–3 years, stressing on the importance of…
- Technology
No plan to levy GST on UPI transactions over Rs 2,000: Govt
New Delhi: The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000. “The…
- India
UPI services down across India, 3rd disruption in a month
New Delhi: Digital payments via Unified Payments Interface (UPI) service suffered a nationwide outage on Saturday, which affected millions of users. Digital services on several online payment platforms were disrupted, hindering local…
- India
New UPI regulations: Inactive mobile numbers to be unlinked from bank accounts
Google Pay, PhonePe, and Paytm users may face difficulties in making UPI transaction from April 1 if their linked mobile numbers linked with bank account are active. The National Payments Corporation of…
- India
SBI customers face UPI, mobile banking outage; bank says issue resolved
Mumbai: SBI customers faced difficulties in accessing UPI and mobile banking services for more than four hours on Tuesday due to some “technical issues”. The country’s largest lender later said the technical…
- Technology
UPI transactions surpass record 16.99 billion in January
New Delhi: For the first time, UPI transactions in the month of January surpassed 16.99 billion and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in any month,…
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