UPI transactions spike, share of prepaid payment instruments falls 24% in past two years, shows RBI data
1 month, 3 weeks ago

UPI transactions spike, share of prepaid payment instruments falls 24% in past two years, shows RBI data

Live Mint  

The latest Reserve Bank of India data showed a noticeable decline in the share of prepaid payment instruments, while there was a massive surge in the share of Unified Payments Interface transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh crore in H2 2019 to 1.08 lakh crore in H2 2024, a massive fall of 24 per cent in a span of just two years, reveals the latest RBI data. In the past one year alone, the share of prepaid payment instruments declined from ₹1.46 lakh crore to ₹1.08 lakh crore, reporting a fall of 26 per cent. In the past two years, however, the PPI share has declined from 37,018 lakh to 34,503 lakh, reflecting a fall of 6.7 per cent. In the past two years, UPI transactions showed a rise of 88 per cent whereas it increased from ₹69 trillion to ₹130 trillion.

Payment Share Rbi Lakh Past Trillion Transactions Value Terms Upi Upi Transactions Past Two Years Rbi Data Prepaid Payment Instruments  terms  past  declined  value  h2  spike  trillion  transactions  instruments  shows  share  prepaid  rbi  lakh  payment  upi

History of this topic

UPI outage across India: Full list of apps where payment ops have been hit
13 hours, 22 minutes ago

UPI outage across India: Full list of apps where payment ops have been hit

Hindustan Times  

Several users across the country are facing problems while using the Unified Payment Service as outages hit several apps across platforms. UPI down: A list of major apps and services affected According to Downdetector, a website that tracks outages in websites and apps, more than 3,100 reports of outages have been reported for UPI. Several users of GPay, Google’s payment …

UPI transactions in January surpass 16.99 billion, highest recorded in any month
3 weeks, 5 days ago

UPI transactions in January surpass 16.99 billion, highest recorded in any month

The Hindu  

UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. Its ease of use, combined with a growing network of participating banks and fintech platforms, has made UPI the preferred mode of real-time payments for millions of users across the country, it …

UPI dominates digital payments
1 month ago

UPI dominates digital payments

Deccan Chronicle  

Mumbai: India’s digital payments landscape is undergoing an unprecedented transformation, with Unified Payments Interface emerging as the dominant force driving financial inclusion, merchant adoption, and cross-border transactions. According to an industry report, “Crafting the Future of Real-Time Payments: From Less Cash to Cashless” by The Digital Fifth, UPI now drives 84 percent of all digital transactions in India, solidifying its …

How 16.73 billion UPI transactions killed the ubiquitous toffee business
2 months, 2 weeks ago

How 16.73 billion UPI transactions killed the ubiquitous toffee business

Live Mint  

India's Unified Payments Interface transactions rose to 16.73 billion in December 2024, National Payments Corporation of India data revealed. Commenting on this narrative, Harshad Shah, a chartered accountant, said, “Before UPI, shopkeepers would trade Toffees for small change, stating shortage of Coins.” “These small amounts of change over weeks would amount to becoming vast sums of Money, which were never …

UPI hits record with ₹16.73 billion in transactions in December 2024
Trending News
2 months, 3 weeks ago

UPI hits record with ₹16.73 billion in transactions in December 2024

Live Mint  

Unified Payments Interface transactions hit a record 16.73 billion in December 2024, shows data released by the National Payments Corporation of India. NPCI also reported that the total value of transactions in December amounted to ₹23.25 lakh crore, which is significantly up from ₹21.55 lakh crore in November. NPCI data NPCI extends deadline for compliance with UPI volume cap On …

UPI transactions touched record 16.73 billion in December 2024: NPCI data
2 months, 3 weeks ago

UPI transactions touched record 16.73 billion in December 2024: NPCI data

Hindustan Times  

Transactions through the popular Unified Payments Interface touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India. In November 2024, the UPI transaction count was 15.48 billion, NPCI data showed. NPCI said the value of the transactions worked at ₹23.25 lakh …

UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore
2 months, 3 weeks ago

UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore

Deccan Chronicle  

Mumbai: Unified Payments Interface transactions recorded an all-time high of 16.73 billion in December 2024, marking an eight per cent month-on-month increase from November's 15.48 billion. Transaction value was also up by eight per cent to Rs 23.25 lakh crore, compared to Rs 21.55 lakh crore in November as per National Payments Corporation of India data. In value terms, transactions …

From Historic UPI Transactions To New Highs In Aviation: Govt Lists Key Milestones Achieved In 2014
Trending News
2 months, 3 weeks ago

From Historic UPI Transactions To New Highs In Aviation: Govt Lists Key Milestones Achieved In 2014

ABP News  

The year 2024 has been a landmark for India in many ways — from achieving a new record in UPI transactions to new highs in renewable energy generation and becoming the third-largest domestic aviation market. The country achieved remarkable progress and set new milestones under Prime Minister Narendra Modi-led government in sectors like infrastructure, energy, healthcare, education and aviation. As …

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
2 months, 3 weeks ago

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows

ABP News  

The Unified Payments Interface is estimated to surpass 171 billion transactions in 2024, official data from the National Payments Corporation of India revealed. The data showed that this represents a 45 per cent surge in the UPI transactions in the country, as against the 117 billion transactions recorded via UPI in 2023, reported Moneycontrol. On an average, the UPI platform …

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
3 months, 1 week ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

Finance Ministry says UPI records 15,547 crore transactions worth ₹223 lakh crore in 11 months
3 months, 1 week ago

Finance Ministry says UPI records 15,547 crore transactions worth ₹223 lakh crore in 11 months

Live Mint  

The Union Finance Ministry said on Saturday the Unified Payments Interface has achieved 15,547 crore transactions worth ₹223 lakh crore from January to November this year. In a social media post on X, the ministry said that the UPI transaction figures showcase its transformative impact on financial transactions in India. According to the finance ministry data, UPI processed an impressive …

UPI enables expansion of credit among underserved borrowers: Study
3 months, 2 weeks ago

UPI enables expansion of credit among underserved borrowers: Study

New Indian Express  

BENGALURU: Unified Payments Interface has enabled underserved borrowers to access formal credit for the first time as loans to new-to-credit borrowers in regions with high UPI adoption have increased by 4% and to subprime borrowers by 8%, according to a study. Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
6 months, 3 weeks ago

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

Live Mint  

- India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year in FY 2023-24, according to a new report by PwC. In FY 2023-24, UPI saw an impressive 57 per cent YoY growth in transaction volume, surpassing 131 billion transactions. Growth trends The report estimates that by FY 2028-29, UPI transactions could …

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS
6 months, 3 weeks ago

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS

India TV News  

India's Unified Payments Interface processed nearly ₹ 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase and surpassing all world's leading digital payments platforms. According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent surge over the 2,348 transactions every second …

UPI transactions cross ₹20 trillion for third successive month in July 2024
7 months, 3 weeks ago

UPI transactions cross ₹20 trillion for third successive month in July 2024

The Hindu  

Payments through the Unified Payments Interface reported a 45% yearly growth, according to data from the National Payment Corporation of India. In the first four months of the current fiscal year, UPI recorded transactions amounting to ₹80.79 trillion across approximately 55.66 billion transactions. In 2023-24, total UPI transactions were 131 billion, compared to 84 billion in 2022-23. The monthly bulletin …

UPI grows in India: Here's how many users adopting it every month, what's fueling it
8 months, 1 week ago

UPI grows in India: Here's how many users adopting it every month, what's fueling it

India TV News  

The digital payment sector continues to grow rapidly, with the Unified Payments Interface adding up to 60 lakh new users every month. According to the latest data from the National Payments Corporation of India, the number of transactions on the UPI platform increased by 49 percent year-on-year to 13.9 billion in June, with the transaction value rising by 36 percent …

Use Of UPI Payments In India Surged By 7.2% In 2022-23: Report
8 months, 2 weeks ago

Use Of UPI Payments In India Surged By 7.2% In 2022-23: Report

News 18  

The use of digital technologies for business activities in India, especially Unified Payments Interface for ordering, has increased significantly. According to a recent survey by the Department of Statistics, the use of the Internet for business purposes, be it for UPI payments or online ordering, has increased from 7.7 percent to 13.5 percent in rural areas and from 21.6 percent …

UPI increases convenience but leading to another problem: Here's what experts have to say
10 months, 2 weeks ago

UPI increases convenience but leading to another problem: Here's what experts have to say

India TV News  

As more and more people in India embrace digital and cashless payments, they are using the Unified Payments Interface to purchase not only daily essentials but also expensive home appliances, high-end gadgets, and designer clothing. However, experts warn that the seamless and quick digital transaction process via UPI may lead people to overspend on items they may not need. According …

RBI guv meets stakeholders to further widen UPI reach
10 months, 2 weeks ago

RBI guv meets stakeholders to further widen UPI reach

New Indian Express  

MUMBAI: With as much as four-fifths or over 80% of all digital transactions taking place through the UPI platform that has grown exponentially to the tune of 90 times in the past decade, the Reserve Bank Governor Shaktikanta Das and T Rabi Sankar, his deputy in-charge of the payments department, on Wednesday met with all the major stakeholders in the …

Banks rely on AI as digital transactions grow, and methodology of frauds evolves
10 months, 2 weeks ago

Banks rely on AI as digital transactions grow, and methodology of frauds evolves

Hindustan Times  

India’s digital transactions continue to see rapid growth, and that translates to big volumes. On April 24, the Reserve Bank of India barred Kotak Bank from issuing new credit cards for now, due to “the absence of a robust IT infrastructure and IT Risk Management framework.” It draws on a mix of factors, including reliability of the bank’s infrastructure alongside …

The UPI paradox: Making you overspend but helping others save
10 months, 3 weeks ago

The UPI paradox: Making you overspend but helping others save

India Today  

A small UPI code peeks out of the green coconuts heaped on Yuvraj Yadav's handcart outside a park in Delhi's GK-1. "A significant majority, 74.2% of the respondents, admitted to experiencing increased spending after adopting UPI," Dhruv Kumar, Assistant Professor of IIIT Delhi, tells IndiaToday.In. "Academic research suggests that paying with cash makes people spend more consciously than using digital …

UPI transaction count drops in April: Details here
10 months, 3 weeks ago

UPI transaction count drops in April: Details here

India TV News  

UPI transaction count drops in April: Details here Recent data released by the National Payments Corporation of India suggests a drop in UPI transaction count in April. However, as per a recent report by the National Payments Corporation of India, the number of Unified Payments Interface transactions fell by 1 percent to 1,330 crore in April, down from 1,344 crore …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
11 months ago

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO

New Indian Express  

New Delhi, April 27 Yes Bank saw growth in unified payments interface transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter of FY24 compared to Rs 202.43 crore in the same …

‘Majority of people will stop using UPI if…’, survey reveals
1 year ago

‘Majority of people will stop using UPI if…’, survey reveals

Live Mint  

A survey has revealed that a majority of the citizens will stop using the Unified Payments Interface if a transaction fee is levied on it. 73% of those surveyed indicated that they will stop using UPI if a transaction fee is introduced while 23% of the respondents said that they are willing to bear a transaction fee on payment. "37% …

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
1 year, 2 months ago

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher

Live Mint  

The volume of UPI transactions continues to rise month after month as the total monthly transaction amount touched ₹18.23 lakh crore in Dec last year, 54 percent higher than the corresponding data of 2022. Also, the number of UPI transactions hit 11.24 billion in November and 11.41 billion in October. Month Transaction amount No of transactions Oct 17.16 11.41 billion …

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access
1 year, 3 months ago

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

The Quint  

The committee on Deepening Digital Payments constituted by the RBI in 2019 under the chairmanship of Nandan Nilekani had recommended that market forces should drive transaction prices for the inclusion of small startups and incentivising innovation. It underlined that while banks have a role in contributing to the payment system, the government and the RBI should also share the cost …

UPI crosses 10 bn transactions second time in September
1 year, 5 months ago

UPI crosses 10 bn transactions second time in September

Deccan Chronicle  

Chennai: With Unified Payments Interface crossing 10 billion transactions for the second straight month, this seems to have become the new normal for the payment interface. UPI recorded 10.56 billion transactions worth Rs 15.8 lakh crore in September, according to the National Payments Corporation of India. While the transaction volume marginally increased from Rs 15.76 lakh crore in August to …

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 6 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report
1 year, 6 months ago

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report

Live Mint  

The United Payments Interface transactions in India surged by 62% in the first half of 2023 compared to the same period last year. The UPI transactions reached 9.3 billion in June 2023, up from 151 million in January 2018, primarily driven by the growth in Person-to-Merchant transactions, a report by the global payments service provider Worldline revealed Tuesday. In January …

India's UPI leads the way in global non-cash transaction boom
1 year, 6 months ago

India's UPI leads the way in global non-cash transaction boom

India TV News  

India's UPI leads the way in global non-cash transaction boom In August, UPI-based payments in India achieved a milestone by surpassing 10 billion monthly transactions for the first time, as reported by the National Payments Corporation of India. According to IANS, the report pointed out that in 2022, UPI payments in India were more popular than credit and debit card …

Data | UPI payments: relief for users, a headache for banks
1 year, 9 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 …

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points
1 year, 9 months ago

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points

Hindustan Times  

The Unified Payments Interface hit record 9 billion transactions in May, according to data released by the National Payments Corporation of India. Let's continue this journey of growth and innovation!” The overall value of the transactions in May stood at 14.89 lakh crore and saw an increase of 43% on year-over-year basis. The overall value of the transactions in May …

UPI to account for 90% of retail digital payments by 2026-27: Report
1 year, 9 months ago

UPI to account for 90% of retail digital payments by 2026-27: Report

India TV News  

UPI to account for 90% of retail digital payments by 2026-27: Report UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per …

India expected to become 50% non-cash economy in consumption by 2026
1 year, 10 months ago

India expected to become 50% non-cash economy in consumption by 2026

Firstpost  

India is expected to become a 50 per cent non-cash economy in consumption in the next three years. According to a new report, the person-to-merchat digital transactions could reach over $1.5 trillion by the Financial Year 2026. Saurabh Trehan, Partner and Leader of the Financial Services practice, Bain & Company, said, “With the current technical and financial momentum, India is …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 11 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 …

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
1 year, 11 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 transactions surpass 36 crore in a year, says RBI governor
2 years ago

UPI transactions surpass 36 crore in a year, says RBI governor

India TV News  

UPI transactions surpass 36 crore in a year, says RBI governor The Reserve Bank of India's Governor, Shaktikanta Das, announced at the launch of the Digital Payments Awareness Week that UPI transactions have increased by 50% YoY, with over 36 crore transactions in February 2023 The Reserve Bank of India Governor, Shaktikanta Das, announced on Monday that payments made through …

Daily UPI transactions crossed 36 crore in one year: RBI Governor
2 years ago

Daily UPI transactions crossed 36 crore in one year: RBI Governor

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. Reserve Bank of India Governor Shaktikanta Das In value terms, these transactions are worth ₹6.27 lakh crore, registering a growth of …

'Net' Gains: Digital Transactions in India in 2022-23 Break All Records
2 years, 1 month ago

'Net' Gains: Digital Transactions in India in 2022-23 Break All Records

News 18  

The number of digital transactions in India in this financial year is at a historic high, zooming past the last fiscal’s figure with still three months to go. The latest government data reveals that 9,192 crore digital transactions have been done in the country in this financial year till December 31, 2022. The total value of digital transactions in India …

India records more digital payments than US, UK, Germany & France: Vaishnaw
2 years, 2 months ago

India records more digital payments than US, UK, Germany & France: Vaishnaw

Hindustan Times  

Union minister Ashwini Vaishnaw on Friday said India's digital payments transactions last year exceeded those of the combined digital payments of United States, United Kingdom, Germany and France, ANI reported. "In December 2022, the digital payments transactions amounted to $1.5 trillion annualised basis. If you compare total digital transactions in US, UK, Germany and France and combine them, India's figures …

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data
2 years, 2 months ago

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data

News 18  

The Unified Payments Interface transactions touched a record 782 crore in December during the calendar year 2022, amounting to a record high of Rs 12.82 lakh crore. Meanwhile, during July-September 2022, digital payments, including unified payments interface, debit and credit cards, mobile wallets and prepaid cards, witnessed a total of 23.06 billion transactions aggregating to Rs 38.3 lakh crore. Currently, …

Soon UPI Transfer Service To Start Between India-Singapore; Details Here
2 years, 4 months ago

Soon UPI Transfer Service To Start Between India-Singapore; Details Here

News 18  

Money transfers between India and Singapore using the unified payments interface will start soon, and technical preparations to link UPI and PayNow have been completed. “Singapore wants to connect its PayNow with UPI and that project will finish sometime in the next few months when that happens anybody sitting in Singapore will be able to send money to their family …

Online Transactions Worth Rs 36 Trillion Made By Indians In Q2 2022
2 years, 5 months ago

Online Transactions Worth Rs 36 Trillion Made By Indians In Q2 2022

News 18  

India saw 20.57 billion online transactions worth Rs 36.08 trillion in the second quarter this year, a report showed on Tuesday. “UPI P2P accounted for 49 per cent in volume and 67 per cent in value but in terms of merchants’ transactions, UPI P2M emerged as the preferred payment mode with a market share of 34 per cent in volume …

UPI payment crosses ₹11 lakh crore milestone in September
2 years, 5 months ago

UPI payment crosses ₹11 lakh crore milestone in September

Hindustan Times  

Payment through Unified Payments Interface has crossed a milestone of ₹11 lakh crore in September, as per the data released by National Payments Corporation of India. Payment through UPI had crossed ₹10 lakh crore in May this year. Last month, as many as 657.9 crore transactions worth ₹10.72 lakh crore had taken place. As per NPCI data, in June 2022, …

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data
2 years, 5 months ago

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data

India TV News  

UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In value terms, 6.78 billion transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India data. In July, India …

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August
2 years, 6 months ago

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August

India TV News  

UPI records 657 crore transactions worth Rs 10.72 lakh crore in August The growth in UPI volumes is up almost 100 percent and amounts transacted grew by 75 percent YoY in the month of August. The Unified Payments Interface registered a record 6.57 billion transactions worth Rs 10.72 lakh crore in August, the National Payments Corporation of India data showed …

UPI: To charge or not to charge
2 years, 7 months ago

UPI: To charge or not to charge

Hindustan Times  

From less than a crore in monthly transactions in July 2016, the value of United Payments Interface transactions has grown to ₹10.6 lakh crore in July 2022. The ministry’s view may be driven by prudence, but it also needs to look at the challenge of sustaining the digital payments revolution, and perhaps India the global leader in this realm. The …

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions
2 years, 7 months ago

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

The Hindu  

Expanding further outside India, the indigenously developed real-time payments solution the Unified Payments Interface will foray into the United Kingdom market starting with QR code-based transactions. The NPCI International Payments Ltd has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the U.K. NIPL is the wholly-owned subsidiary of National Payments Corporation …

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016
2 years, 7 months ago

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016

Firstpost  

Prime Minister Narendra Modi said that digital payments were very much helpful during the COVID-19 pandemic New Delhi: “Outstanding accomplishment” said Prime Minister Narendra Modi as her praised the Unified Payments Interface recording six billion transactions in July. https://t.co/roR2h89LHv — Narendra Modi August 2, 2022 PM Narendra Modi’s remarks came in response to a tweet by Union Finance Minister Nirmala …

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