RBI permits UPI transactions via prepaid payment instruments using third-party apps
1 week, 5 days ago

RBI permits UPI transactions via prepaid payment instruments using third-party apps

Deccan Chronicle  

Mumbai: The Reserve Bank on Friday allowed prepaid payment instrument holders to make and receive UPI payments through third-party mobile applications. It has been decided to enable Unified Payments Interface payments from/to full-KYC prepaid payment instruments through third-party UPI applications, the central bank said in a circular. "A PPI issuer shall enable holders of only its full-KYC PPIs to make UPI payments by linking its customer PPIs to its UPI handle. However, UPI payments from/to a PPI can only be carried out using the mobile application provided by the PPI issuer.

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History of this topic

How tourists and NRIs can use UPI without an Indian bank account to make payments
6 hours, 4 minutes ago

How tourists and NRIs can use UPI without an Indian bank account to make payments

Live Mint  

Imagine landing in India, ready to admire the Taj Mahal, shop in the local markets of Mumbai, take in the stunning views of Manali’s snow-capped mountains or enjoy a peaceful houseboat cruise in the backwaters of Kerala – all without fumbling for cash or worrying if your forex cards will be accepted for payments. Thanks to UPI One World, foreign …

Mint Explainer: How UPI access will make digital wallet users' life easier
6 days, 11 hours ago

Mint Explainer: How UPI access will make digital wallet users' life easier

Live Mint  

So far, UPI payments from and to a PPI could only be made through the PPI issuer's app. A PPI issuer may “facilitate the discovery of its full-KYC PPIs on third-party UPI mobile applications, which, in turn, shall enable such PPIs to be linked to their PSP handle/s", the central bank notified, adding that such transactions from PPIs, using third-party …

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
1 week ago

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users

India TV News  

The National Payment Corporation of India has decided to postpone its plan to implement a 30 percent cap on any individual app's share of transactions within the Unified Payments Interface. This recent development comes as a significant relief for PhonePe, backed by Walmart, and Google Pay, which together account for 85 percent of UPI transactions. NPCI, which is supported by …

Digital wallet payments can now be made using any UPI app
1 week, 2 days ago

Digital wallet payments can now be made using any UPI app

Hindustan Times  

The Reserve Bank of India has now allowed users to pay from their digital wallets using any UPI-enabled app, as long as the wallet has also completed full KYC verification. “A PPI issuer shall enable holders of only its full-KYC PPIs to make UPI payments by linking its customer PPIs to its UPI handle.UPI transactions from PPI on the issuer’s …

RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice
1 week, 2 days ago

RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice

India TV News  

Starting January 1, 2025, significant changes are coming for those making UPI payments. A deadline was set for December 31, 2024, and if this deadline isn't extended, starting January 1, users will be able to make payments of up to Rs 10,000 per day through UPI123Pay, up from the previous limit of Rs 5,000. However, the transaction limit for smartphone …

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer
1 week, 4 days ago

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer

Live Mint  

The Reserve Bank of India recently allowed the users of prepaid payment instruments to access UPI services via third party applications. This will enable the PPI holders to make UPI payments like bank account holders,” reads the RBI statement dated April 5, 2024. So, the latest move on Dec 27 was a follow-up action where the RBI instructed all prepaid …

RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details
1 month ago

RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details

India TV News  

In a latest development, the Reserve Bank of India on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface. Credit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said. The scope of UPI was in September 2023 expanded by enabling pre-sanctioned credit …

Maldives Embraces UPI: A Step Towards Economic Prosperity
2 months, 2 weeks ago

Maldives Embraces UPI: A Step Towards Economic Prosperity

The Hindu  

Maldives President Mohamed Muizzu has announced the introduction of India's UPI payment service, UPI, in the country. UPI is an instant real-time payment system that will facilitate inter-bank transactions through mobile phones. 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.

Maldives Embraces India's UPI: A Step Towards Economic Prosperity
2 months, 2 weeks ago

Maldives Embraces India's UPI: A Step Towards Economic Prosperity

India TV News  

Maldives President Mohamed Muizzu has announced the introduction of India's Unified Payments Interface (UPI) in the country. 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.

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details
3 months, 3 weeks ago

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details

Live Mint  

NPCI revised the limit to ₹ 5 lakh for payments of tax, hospitals & educational services and payment for IPO and G-Secs If you rely on the Unified Payments Interface for most of your payments, then there is good news for you. {{^adFree}} {{/adFree}} So, now consumers will be able to make UPI payments of ₹5 lakh per transaction for …

Google Pay adding UPI Circle to help add secondary user in payment app
4 months, 1 week ago

Google Pay adding UPI Circle to help add secondary user in payment app

The Hindu  

Google Pay, during the Global Fintech Fest 2024, shared that it is adding UPI Circle feature in the Pay app to enable your family or close and trusted friends to make UPI payments without adding their own bank accounts. As an existing UPI user on Google Pay, you can add your family members or friends as secondary users to your …

Swiggy integrates UPI for 5-second in-app payments: How does it work?
4 months, 3 weeks ago

Swiggy integrates UPI for 5-second in-app payments: How does it work?

India TV News  

Swiggy, a popular online food delivery platform has recently announced the launch of 'Swiggy UPI', a new integration of National Payments Corporation of India’s digital payments solution. Users could complete UPI transactions without leaving the Swiggy app, which will reduce the payment process from five steps to just one, the food aggregator stated in a statement. Anurag Panganamamula, Head of …

Telangana electricity bills cannot be paid directly on UPI apps, online through TG discom websites only: TGSPDL clarifies
6 months, 1 week ago

Telangana electricity bills cannot be paid directly on UPI apps, online through TG discom websites only: TGSPDL clarifies

The Hindu  

In a move that is likely to cause inconvenience in payment of monthly energy bills, the power utilities in Telangana – TGSPDCL and TGNPDCL – has asked all their consumers to make the payments through their official website or mobile app since payment through all payment gateways and banks has been stopped from Monday, July 1. End to use of …

NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay
8 months ago

NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay

Live Mint  

ICICI Bank launched a new facility for Non-Resident Indian customers, enabling them to use their international mobile numbers to make instant UPI payments in India on May 6. This feature would be available through the bank's mobile app, iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. …

UPI can be now used to deposit cash at ATMs: Here's how it will work
9 months ago

UPI can be now used to deposit cash at ATMs: Here's how it will work

Hindustan Times  

Your Unified Payments Interface has just been upgraded. In an important announcement today, the Reserve Bank of India said that users can now deposit cash via UPI facility at bank ATMs- a big shot in the arm for users in terms of saving time and effort. RBI says you can soon use UPI facility to deposit cash in bank ATMs. …

Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 3 weeks ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

RBI and Nepal's Central Bank sign terms for UPI-NPI integration
10 months, 3 weeks ago

RBI and Nepal's Central Bank sign terms for UPI-NPI integration

Op India  

The Reserve Bank of India and Nepal Rastra Bank on Thursday signed and exchanged Terms of Reference for integration of fast payment systems of India and Nepal, viz., the Unified Payments Interface of India and National Payments Interface of Nepal, respectively. The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems …

UPI Services Will Begin in Sri Lanka and Mauritius
10 months, 4 weeks ago

UPI Services Will Begin in Sri Lanka and Mauritius

Deccan Chronicle  

Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth, will witness the launch of the Unified Payment Interface services in Sri Lanka and Mauritius and also the RuPay card services in Mauritius on Monday afternoon via video conferencing, New Delhi announced on Sunday. The launch of the service in India's southern …

Sri Lanka, Mauritius will get UPI services, PM Modi to be virtually present
10 months, 4 weeks ago

Sri Lanka, Mauritius will get UPI services, PM Modi to be virtually present

Hindustan Times  

Prime Minister Narendra Modi will be present at the launch of Unified Payment Interface services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius, on 12 February, 2024 at 1pm via video conferencing, the ministry of external affairs said in a press release on Sunday. Prime Minister Narendra Modi will witness the launch of Unified Payment Interface …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
11 months ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 3 weeks ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year, 1 month ago

RBI raises UPI transaction limits, e-mandate bar; check all announcements

Hindustan Times  

Reserve Bank of India Governor Shaktikanata Das on Friday announced several decisions on the Unified Payments Interface, including raising the Unified Payments Interface payment limit to hospitals and educational institutions to ₹5 lakh from ₹1 lakh. The UPI, India's mobile-based fast payment system, enables users to make instantaneous, round-the-clock payments via Virtual Payment Address UPI limits increased: While unveiling the …

India's UPI system leading in cross-border payment: U.S. treasury official
1 year, 2 months ago

India's UPI system leading in cross-border payment: U.S. treasury official

The Hindu  

India’s Unified Payments Interface system stands out in advancing bilateral links with other countries, including Singapore and the United Arab Emirates, a U.S. treasury official said. Mr. Shambaugh said several initiatives are already underway to upgrade legacy payment systems. India stands out as a jurisdiction advancing bilateral links between its Unified Payments Interface system and those of other countries, including …

UPI now, pay later: 2 banks have rolled out this facility
1 year, 3 months ago

UPI now, pay later: 2 banks have rolled out this facility

Live Mint  

Soon after the Reserve Bank of India expanded the scope of Unified Payments Interface by enabling transfer from credit lines, a few banks have rolled out this facility for ardent UPI users. HDFC Bank offers PayLater facility wherein a new account gets created when you activate PayLater on your UPI app. ICICI Bank also offers PayLater to offer instant digital …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

RBI approves expanding UPI transactions to allow credit payments
1 year, 9 months ago

RBI approves expanding UPI transactions to allow credit payments

Live Mint  

Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified Payments Interface, the Reserve Bank of India said on Thursday, setting the stage for new credit products over the homegrown payments platform. Last June, the RBI also approved the use of Rupay credit cards on UPI, stoking hopes that it …

All your questions about transactions made with PPIs via UPI, explained
1 year, 9 months ago

All your questions about transactions made with PPIs via UPI, explained

The Hindu  

April 05, 2023 10:59 pm | Updated April 06, 2023 02:00 pm IST The story so far: Earlier last week, the National Payments Corporation of India, which governs UPI, in a circular issued directly to banks, intimated that they can now levy charges on merchant transactions made through Prepaid Instrument wallets using UPI. Subsequently, PPI issuers tied up with NPCI …

How can you make payments using a credit card via UPI: Step-by-step guide
1 year, 9 months ago

How can you make payments using a credit card via UPI: Step-by-step guide

India TV News  

The National Payments Corporation of India has collaborated with payment aggregators such as Google Pay, Paytm, and Razorpay to allow credit card transactions over the Unified Payments Interface. This comes after the Reserve Bank of India linked RuPay credit cards to UPI in an effort to combine the benefits of both, providing customers with the quick payment experience of UPI …

No charge on normal UPI payments: NPCI
1 year, 9 months ago

No charge on normal UPI payments: NPCI

Deccan Chronicle  

New Delhi: National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. "The interchange charges …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 9 months ago

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest

News 18  

“Bhaiya, QR code hai kya?” Honestly, we all can relate to this line. But some ppl be like: pic.twitter.com/hloHJmtzfb — Kadak March 29, 2023 A user shared how people would clean their devices after the UPI changes come into effect. #UPIcharges pic.twitter.com/UD3Na6BKPD— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ March 29, 2023 In the middle of this, a user has shared the perfect UPI users vs …

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 9 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI
1 year, 9 months ago

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI

News 18  

The National Payments Corporation of India on Wednesday said that UPI has emerged as the preferred mode of digital payment by offering free, fast, secure and seamless experience. Traditionally, the most preferred method of UPI transactions is linking the bank account in any UPI enabled app for making payments which contributes over 99.9% of total UPI transactions, it added. The …

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
1 year, 9 months ago

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

The Hindu  

Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” the National Payments Corporation of India, which governs UPI,, said in a statement on Wednesday. Rajsri Rengan, …

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules
1 year, 9 months ago

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules

India TV News  

UPI transaction charges: The National Payments Corporation of India has suggested the implementation of an interchange fee for Prepaid Payment Instruments on Unified Payments Interface transactions exceeding Rs 2,000. The proposal recommends an interchange fee of up to 1.1 percent with the objective of boosting revenue for banks and payment service providers who have faced significant costs in facilitating UPI …

From Your Sabziwala to Countries Like Singapore, How UPI Has Changed the Way You Pay - News18
1 year, 9 months ago

From Your Sabziwala to Countries Like Singapore, How UPI Has Changed the Way You Pay - News18

News 18  

Keeping up with the digital era, the Centre presented an idea that significantly reduced the worry of not having enough cash or an ATM nearby. India’s UPI journey began almost seven years ago and since then, the report card has showed only promising outcomes, including its role in boosting the fin-tech ecosystem. In December, Bharat Interface for Money was launched …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

Explained | Who will benefit from the UPI-PayNow link?
1 year, 10 months ago

Explained | Who will benefit from the UPI-PayNow link?

The Hindu  

The story so far: On February 21, India’s Unified Payments Interface and Singapore’s PayNow were officially connected to allow for “real-time payment linkage”. The plan was first announced by the Reserve Bank of India and the Monetary Authority of Singapore in September 2021 to facilitate instant low-cost, cross-border fund transfer. The Ministry of External Affairs said this would help the …

UPI payment available for international travellers visiting Delhi, Mumbai, Bengaluru airports – Details
1 year, 10 months ago

UPI payment available for international travellers visiting Delhi, Mumbai, Bengaluru airports – Details

India TV News  

The Reserve Bank of India has announced that the Unified Payments Interface payment facility for foreign visitors to India has commenced operations. With the UPI payment facility, inbound travelers will be able to make local payments during their stay in India. However, there are plans to expand this payment facility to other airports and cities in the near future, enabling …

Inbound Travellers From G20 Countries Can Avail UPI Facility At Three Airports, Says RBI
1 year, 10 months ago

Inbound Travellers From G20 Countries Can Avail UPI Facility At Three Airports, Says RBI

ABP News  

The Reserve Bank of India on Tuesday said inbound travellers from G20 countries arriving at Mumbai, Delhi, and Bengaluru international airports would be able to use Unified Payments Interface for merchant transactions. According to the statement issued by the central bank, eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To …

RBI allows UPI-based transactions for inbound travellers to India
1 year, 10 months ago

RBI allows UPI-based transactions for inbound travellers to India

The Hindu  

A facility to enable all in-bound travellers visiting India to make local payments using Unified Payments Interface while they are in India has been made available from Tuesday, the Reserve Bank of India said. “Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To begin with, ICICI Bank, IDFC First Bank …

India, Singapore launch linkage of real-time payment systems
1 year, 10 months ago

India, Singapore launch linkage of real-time payment systems

The Hindu  

India’s Unified Payments Interface — better known as UPI — and Singapore’s PayNow were officially connected on Tuesday, allow for a “real-time payment linkage”. Congratulations to the Monetary Authority of Singapore, the Reserve Bank of India and all the stakeholders in Singapore and India who have helped make the linkage a reality,” Lee Hsien Loong said at the event. Demonstrating …

Inbound travellers from G20 countries visiting India can avail UPI facility at 3 airports: RBI
1 year, 10 months ago

Inbound travellers from G20 countries visiting India can avail UPI facility at 3 airports: RBI

India TV News  

The Reserve Bank of India on Tuesday started the facility to enable all inbound travellers visiting India to make local payments using UPI during there stay in India. Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To begin with, ICICI Bank, IDFC First Bank and two non-bank PPI issuers, Pine …

Travellers from G20 can use UPI for payments at select airports: RBI Governor
1 year, 11 months ago

Travellers from G20 can use UPI for payments at select airports: RBI Governor

Hindustan Times  

The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood. It is now proposed to permit all …

Explained | India’s UPI push
1 year, 11 months ago

Explained | India’s UPI push

The Hindu  

The story so far: On January 10, the National Payments Corporation of India paved the way for international numbers to be able to transact using UPI. Addressing theinfrastructural and technological changes required to support such payments, he said, “Currently, all the internal systems as well as ecosystem players such as banks, NPCI, etc only understand India-based mobile numbers for UPI …

Soon, NRIs can use international numbers for UPI payments
1 year, 11 months ago

Soon, NRIs can use international numbers for UPI payments

Live Mint  

Non-resident Indians will soon be able to make the united payments interface payments without having an Indian mobile number, that is using their international number. And there has been customer demand in the ecosystem to enable UPI for their NR accounts have international number and experience the seamless and instant journey of UPI.” To start with, NRIs from Singapore, Australia, …

NRIs from 10 countries can use UPI with their international mobile numbers
1 year, 11 months ago

NRIs from 10 countries can use UPI with their international mobile numbers

The Hindu  

Non-resident account types like NRE/NRO that have international mobile numbers will now be allowed to transact with UPI, according to a notice by the National Payments Corporation of India. Transactions from mobile numbers of ten countries will be enabled to begin with — Singapore, Australia, Canada, Hong Kong, Oman, Qatar, United States of America, Saudi Arabia, United Arab Emirates and …

Explained: How Indian travellers can now use UPI to make payments in Europe
2 years, 2 months ago

Explained: How Indian travellers can now use UPI to make payments in Europe

Firstpost  

Indians can soon pay for transactions through the Unified Payments Interface in Europe. The development comes as the NPCI International Payments Ltd, the global arm of the National Payments Corporation of India, has partnered with France-based digital payment company Worldline to expand the services of the Indian payment means across Europe, PTI reported. Notably, the UPI payments made in Europe …

No charges on using RuPay credit card for UPI transactions less than ₹2,000
2 years, 3 months ago

No charges on using RuPay credit card for UPI transactions less than ₹2,000

Hindustan Times  

The National Payments Corporation of India in a circular has said unified payments interface transactions up to ₹2,000 for RuPay credit card user won't be charged. Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments. Earlier, …

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin
2 years, 6 months ago

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin

News 18  

Spending through credit cards and debit cards in April jumps 77.8 per cent and 12.5 per cent to Rs 1.05 lakh crore and 3.49 lakh crore, respectively. “Value of UPI transactions processed through the National Payment Corporation of India stood at Rs 10.4 lakh crore during May 2022, the highest since UPI was launched in 2016, registering month-on-month growth of …

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