UPI

India tops in real-time digital transactions in 2020: Report

Mumbai: India retained the top spot in terms of digital payments in 2020 with 25.5 billion real-time payment transactions, showed a report by ACI Worldwide and GlobalData. In 2020, the transaction volume share…

SBI UPI platform: Important notice issued for customers

New Delhi: State Bank of Indian (SBI) issued a notice for its customers informing them that it is upgrading its Unified Payments Interface (UPI) platform and during the exercise, intermittent issues may…

SBI UPI: Important notice issued for customers

New Delhi: State Bank of Indian (SBI) issued a notice for customers informing that it is upgrading its Unified Payments Interface (UPI) platform for better customer experience. It also informed that during…

SBI issues important notice for its customers

New Delhi: State Bank of Indian (SBI) is upgrading its Unified Payments Interface (UPI) platform. During the process, there may be some intermittent issues related to UPI system on 26th and 27th…

Digital payments surge during lockdown to benefit telcos

New Delhi: Digital payments in India are surging in the ongoing Covid-19-caused lockdowns which will accelerate mobile data/4G penetration and build an ecosystem of services. According to a research report by CLSA, acceleration…

Fake UPI IDs racket in the name of PM CARES busted

Hyderabad: The Cyberabad police has busted a racket involving fake UPI IDs seeking funds for PM CARES resembling the UPI ID created union government to receive donations from the people of the…

”Zero MDR on RuPay, UPI to kill digital payments industry”

NEW DELHI: Slamming Finance Minister Nirmala Sitharaman”s announcement that digital transactions made using RuPay credit cards or UPI QR codes will not face Merchant Discount Rate (MDR) from January 1, the Payments…

Google wants US Fed Reserve to follow India’s UPI example

New Delhi: In a thumbs up to the Indian government’s Unified Payments Interface (UPI) scheme, Google has written to the US Federal Reserve Board detailing the successful example of UPI-based digital payment in…

Bug covertly signed up users for UPI, Truecaller apologises

New Delhi: Swedish caller identification app Truecaller on Tuesday apologised to the users who were affected by the the bug that automatically created Unified Payments Interface (UPI) accounts with their banking partners without…

Paytm logs more transactions than UPI-based apps in June

New Delhi: Digital payments platform Paytm on Wednesday said it had registered over 70 crore transactions in June 2019, more than the total transactions done by all UPI-based payment applications, including Amazon…

Paytm to dole out incentives for merchants at kirana stores

New Delhi: In a move to make deeper inroads in the country, digital payments company Paytm on Thursday announced to push cashback from peer-to-peer UPI transactions to offline merchant payments at retail…

Paytm dominates UPI merchant payment with 60% share

New Delhi: Digital payments firm Paytm on Monday said it enabled seven crore UPI-based merchant transactions out of the total 12 crore transactions in the country in May 2019. The firm has…

‘Amazon Pay UPI’ launched for Android users in India

Bengaluru: To facilitate secure payments and financial transactions on its platform, Amazon on Thursday launched “Amazon Pay Unified Payments Interface (UPI)” for Android users in partnership with Axis Bank to issue UPI…

Cashfree launches virtual UPI IDs

Bengaluru: Bengaluru based payments technology company, Cashfree has launched Virtual UPI IDs, for automated reconciliations of UPI transfers for businesses. Cashfree is the first payment technology company to launch this innovative feature…