UPI
- 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,…
- Middle East
Indians can now make UPI payments using Paytm in UAE, 6 other countries
One97 Communications Limited (OCL), the owner of Paytm, has enabled its users to make India’s Unified Payment Interface (UPI) payments at various international locations. Indian travellers can now use their Paytm app…
- Technology
Paytm now offers lightning fast UPI payments that never fail in peak hours
New Delhi: Paytm Payments Bank has become the only platform to exclusively offer UPI LITE payments, which enables faster real-time transactions with a single tap on the Paytm app. Paytm UPI LITE…
- Business
Paytm will be key beneficiary of India’s UPI incentive scheme: Morgan Stanley
New Delhi: India’s leading digital payments and financial services company Paytm will be a key beneficiary of India’s Unified Payments Interface (UPI) incentive scheme, brokerage firm Morgan Stanley said on Thursday. The…
- Technology
Razorpay allows merchants to accept credit card payments via UPI
Bengaluru: Fintech platform Razorpay on Monday announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface (UPI), as the digital payments landscape witnesses a stupendous growth.…
- India
NPCI defers UPI market cap rules
New Delhi: In a major relief for some third-party digital payments players, the National Payments Corporation of India (NPCI) on Friday said it is extending the Unified Payments Interface (UPI) volume cap…
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