How to make a UPI payment despite insufficient balance in account?
1 year, 3 months ago

How to make a UPI payment despite insufficient balance in account?

Hindustan Times  

Unified Payments Interface has become an integral part of our daily transactions. What RBI said On September 4, the Reserve Bank of India issued a circular expanding the scope of UPI payments by enabling transactions to or from pre-sanctioned credit lines at banks. UPI Pay Later UPI Pay Later is basically a feature that allows users to spend from pre-sanctioned credit and pay later through UPI transactions. As of now, HDFC Bank and ICICI Bank have unveiled this feature called HDFC UPI Now Pay Later and ICICI Pay Later respectively. HDFC & ICICI Bank set up credit line HDFC Bank has started its ‘UPI Now Pay Later’ scheme.

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History of this topic

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

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 …

Tech tips: How to make UPI payments without using the internet
2 years, 8 months ago

Tech tips: How to make UPI payments without using the internet

India Today  

India is on its road to becoming a cashless economy. Until now, the UPI payments could only be done from a smartphone, and people owning feature phones would still have to go for cash mode. “UPI 123PAY is an instant payment system for feature phone users who can use Unified Payments Interface payment service in a safe and secure manner. …

Want to add your bank account to Paytm for UPI transactions? Here's how you can do it
3 years, 4 months ago

Want to add your bank account to Paytm for UPI transactions? Here's how you can do it

India Today  

Paytm stands for ‘Pay Through Mobile'. Here’s how to add your bank account to Paytm for UPI transactions Step 1: Download and install the Paytm app from Google Play Store on your Android smartphone. Step 2: Register yourself on the Paytm app using the same mobile number that is linked to your bank account. After successful verification and completion of …

What is UPI and How it Facilitates Instant Money Transfer
3 years, 11 months ago

What is UPI and How it Facilitates Instant Money Transfer

News 18  

Unified Payments Interface is an application to facilitate instant inter-bank transactions. Developed by National Payments Corporation of India, UPI is a real-time payment system that is regulated by the Reserve Bank of India. UPI allows instant money transfer between two bank accounts from your mobile device. One must have a bank account with the member bank and mobile number must …

Now, you can pay monthly bills with UPI AutoPay
4 years, 5 months ago

Now, you can pay monthly bills with UPI AutoPay

India TV News  

The National Payment Corporation of India on Wednesday said that it has launched the functionality of Unified Payments Interface AutoPay for recurring payments. With this new facility, customers can now enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, insurance, mutual funds and loan payments, paying for transit/metro payments …

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