Opinion | Bridging the financial divide digitally
4 years, 3 months ago

Opinion | Bridging the financial divide digitally

Live Mint  

The world economy has succumbed to the covid-19 pandemic over the past few months, leading to steep cuts in discretionary purchase. The phenomenal growth of the Unified Payment Interface in a country as diverse as India has drawn attention of all the big tech companies around the world with firms like Google requesting the US Federal Reserve to build a similar interbank real-time gross settlement service for faster digital payments in the US, taking cue from the UPI based digital payment in India. What makes UPI interesting is the fact that while there has been a drop in payment across all traditional modes globally, digital payments like UPI surprisingly have fared better than others. The UPI is expected to be replicated well across other developed and developing countries alike also because of its successful implementation in an idiosyncratic market like India where there exists a top end of the market which behaves more like the western world, and a bottom of the pyramid market having similarities with the developing or undeveloped economies. Given the estimate that India’s digital economy is set to reach 1 trillion dollars by 2023, a large chunk of it would be definitely driven by the UPI transactions.

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History of this topic

From new limits to new features: All changes made in UPI in 2024
6 days, 1 hour ago

From new limits to new features: All changes made in UPI in 2024

India TV News  

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025
6 days, 2 hours ago

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

ABP News  

NPCI International Payments, the entity tasked with expanding NPCI’s homegrown payment products globally, is working to extend the reach of the Unified Payments Interface to four to six additional countries in 2025, up from the current seven, according to Ritesh Shukla, CEO of NIPL. NIPL, a wholly-owned subsidiary of the National Payments Corporation of India, aims to launch UPI in …

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
1 week, 2 days 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 …

UPI enables expansion of credit among underserved borrowers: Study
2 weeks, 1 day 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 …

UPI enabled significant expansion of credit among underserved borrowers: Study
2 weeks, 3 days ago

UPI enabled significant expansion of credit among underserved borrowers: Study

Live Mint  

New Delhi, Dec 7 Unified Payments Interface has brought in a significant expansion of consumer credit among the underserved borrowers who had no credit history, a study said. By October 2023, 75 per cent of all retail digital payments in India were through UPI, according to a study titled Open Banking and Digital Payments: Implications for Credit Access. It has …

RBI Allows Small Finance Banks to Give Credit on UPI
2 weeks, 4 days ago

RBI Allows Small Finance Banks to Give Credit on UPI

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface. Till now, only scheduled commercial banks were allowed to offer pre-sanctioned credit lines on the flagship payments platform. The central bank in its monetary policy also made several positive announcements for banks such as raising the FCNR deposit rates, …

RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details
2 weeks, 4 days 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 …

UPI users alert: Staggering Rs 485 crore lost to fraud in the first half of 2024-25
3 weeks, 5 days ago

UPI users alert: Staggering Rs 485 crore lost to fraud in the first half of 2024-25

India TV News  

The popularity of digital payments in India has skyrocketed, especially with the rise of smartphones and the Internet. Shocking Figures on Fraud A recent report revealed that in the first half of the year 2024-25, Indians lost around Rs 485 crore due to online fraud related to UPI payments. Looking back at previous years, in 2022-23, about 2.7 million people …

Maldives Embraces UPI: A Step Towards Economic Prosperity
2 months 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 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.

Cybersecurity vital for progress: Shah
3 months, 1 week ago

Cybersecurity vital for progress: Shah

New Indian Express  

Highlighting the ‘1930’ national cyber helpline telephone number, the home minister said there is an urgent need to popularise this as part of a special campaign, which is going to be launched by I4C from Wednesday to spread awareness about cybercrimes. Shah also stressed effective counter-measures against cybercrimes while asserting that the country’s development was “impossible in current times” without …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
3 months, 2 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
3 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 …

Google Pay adding UPI Circle to help add secondary user in payment app
3 months, 3 weeks 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 …

PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai
4 months ago

PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai

Business Standard  

Prime Minister Narendra Modi is likely to join the Global Fintech Fest on August 30. The event will also have representation from the country’s top regulators, including Reserve Bank of India Governor Shaktikanta Das and Securities and Exchange Board of India chief Madhabi Puri Buch. The payments system, run on the National Payments Corporation of India’s rails, has clocked 55.66 …

Swiggy integrates UPI for 5-second in-app payments: How does it work?
4 months, 1 week 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 …

India to introduce UPI payment service in Maldives
4 months, 2 weeks ago

India to introduce UPI payment service in Maldives

The Hindu  

India and Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a "very positive" impact on its tourism sector, External Affairs Minister S. Jaishankar has said. "Witnessed signing of MoU between National Payments Corporation of India and Ministry of Economic Development and Trade of Maldives on introduction of digital payment system …

India, Maldives sign agreement on UPI
4 months, 2 weeks ago

India, Maldives sign agreement on UPI

Hindustan Times  

New Delhi: India and the Maldives on Friday signed an agreement on introducing the Unified Payments Interface in the Indian Ocean archipelago, with external affairs minister S Jaishankar saying it will have a positive impact on tourism. EAM S Jaishankar met with Maldivian counterpart Moosa Zameer in Male The memorandum of understanding on the digital payment system was signed between …

RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced
4 months, 2 weeks ago

RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Thursday proposed to introduce Delegated Payments’ in UPI. Delegated Payments would allow an individual to set a UPI transaction limit for another individual on the primary user’s bank account. In another major announcement, the RBI also enhanced the limit for tax payments through UPI from ₹1 lakh to ₹5 lakh per transaction. At …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
4 months, 2 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

UPI transactions cross ₹20 trillion for third successive month in July 2024
4 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
5 months 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 …

UPI, digital wallets gain traction, making up 69% of merchant transactions: Report
5 months, 2 weeks ago

UPI, digital wallets gain traction, making up 69% of merchant transactions: Report

The Hindu  

UPI, digital wallets and cards are making up 69% of merchant transactions, according to a consumer survey by Kearney and Amazon Pay. UPI and digital wallet are preferred for small transaction sizes and online purchases, while credit cards are preferred for high value offline and online purchases. While UPI reigns supreme with 53% of consumers preferring it for online purchases, …

Digital penetration: 65% of transactions done online in small towns
5 months, 2 weeks ago

Digital penetration: 65% of transactions done online in small towns

New Indian Express  

BENGALURU: Digital payments have penetrated small towns, as 65% of their transactions are digital, compared to 75% in larger cities. Interestingly, DDPU surpasses retail potential in some cities, such as Lucknow, Patna, Bhopal, Jaipur, Bhubaneswar, Indore, Ahmedabad, and Pune, which have a high DDPU nearly matching that of larger metropolitan cities despite having a lower retail potential than the top …

Amazon Pay sees big opportunities in India’s small towns, offline payments
5 months, 2 weeks ago

Amazon Pay sees big opportunities in India’s small towns, offline payments

Live Mint  

Amazon Pay India, the digital payments arm of e-commerce giant Amazon India, is focusing on penetrating deeper into offline payments this fiscal year, as it looks to introduce new payment methods and enhance safety and security, chief executive Vikas Bansal told Mint on Tuesday. Amazon Pay will offer a variety of payment options including Unified Payments Interface, credit cards and …

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card
5 months, 2 weeks ago

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card

India TV News  

A new report revealed that approximately 65 percent of transactions by consumers in small-town India are now digital, while in larger cities, this ratio is around 75 percent. The report, conducted by Kearney India and Amazon Pay India, highlights the leading role of India's millennials and Gen X in spearheading the digital payment revolution. Shashwat Sharma, Partner and Financial Services …

Use Of UPI Payments In India Surged By 7.2% In 2022-23: Report
5 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 …

RBI’s digital rupee must leap over many hurdles for wider adoption
6 months, 1 week ago

RBI’s digital rupee must leap over many hurdles for wider adoption

Live Mint  

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv
6 months, 1 week ago

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv

News 18  

UPI customers around the country have recently been experiencing difficulties due to issues with digital payments. The National Payments Corporation of India, which oversees the UPI platform, is not the primary cause of the frequent disruptions in UPI payments, according to Reserve Bank of India Governor Shaktikanta Das. Furthermore, UPI transactions reach 450 million per day, and according to NPCI …

Adani Group to enter UPI, digital payment, credit card business to compete Google and Reliance: Report
6 months, 3 weeks ago

Adani Group to enter UPI, digital payment, credit card business to compete Google and Reliance: Report

Live Mint  

Adani Group is in discussions to enter the e-commerce and payments space as the conglomerate develops a digital company to rival Google and Reliance Industries, owned by Mukesh Ambani, in the world’s most populous country, according to the Financial Times, which cited sources. As per the news report, it is also negotiating to provide online shopping via the Open Network …

UPI increases convenience but leading to another problem: Here's what experts have to say
7 months, 1 week 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 …

Banks rely on AI as digital transactions grow, and methodology of frauds evolves
7 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
7 months, 2 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 …

NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system
7 months, 3 weeks ago

NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system

The Hindu  

National Payments Corporation of India on May 2 said its overseas arm has signed a pact with the Bank of Namibia for developing a Unified Payments Interface-like instant payment system for Namibia. NPCI International Payments Limited has signed an agreement with the Bank of Namibia to support them in developing an instant payment system like Unified Payment Interface for Namibia, …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
7 months, 3 weeks 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 …

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging
7 months, 4 weeks ago

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

Hindustan Times  

There is little doubt that Indians are spending more than ever before. You cannot use your credit card or debit card for subscriptions and recurring payments on the Apple App Store or the Google Play Store, be it for any app or service. Then there was a pursuit of getting RuPay credit cards aboard the UPI or unified payments interface. …

India plans to curb Google, PhonePe’s dominance in mobile payments: Report
8 months, 1 week ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu  

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

The impact of technology on finance: Enhancing experiences and safety
8 months, 2 weeks ago

The impact of technology on finance: Enhancing experiences and safety

Hindustan Times  

The proliferation of financial technology and digital banking services has revolutionised the financial landscape, making access to finance more convenient and inclusive. The prominence of fintech platforms and the increasing digitalisation of banks have democratised financial services, expanding access beyond metropolitan cities. There is a significant increase in instances of fraudsters posing as employees of fintech platforms, attempting to obtain …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

UPI now accepted in Nepal: How it works and other key details
9 months, 1 week ago

UPI now accepted in Nepal: How it works and other key details

Hindustan Times  

UPI in Nepal: UPI will now be operational in Nepal as well, National Payments Corporation of India announced. The move will help UPI users to scan QR codes for payments while travelling to Nepal as the NPCL said, “NPCI International Payments Ltd, the international division of the National Payments Corporation of India, and Fonepay Payment Service Ltd, Nepal's largest payment …

73% users will stop using UPI if…: What new survey reveals
9 months, 2 weeks ago

73% users will stop using UPI if…: What new survey reveals

Hindustan Times  

Most users will stop using Unified Payments Interface if a transaction fee is levied on it, an online survey by LocalCircles revealed. Respondents also claimed that they have paid a transaction fee on their UPI payment once or more in the last one year, the survey added as 73% of those surveyed indicated that they will stop using UPI if …

Flipkart brings new UPI handle to drive digital economy in India
9 months, 3 weeks ago

Flipkart brings new UPI handle to drive digital economy in India

India TV News  

Flipkart, an e-commerce marketplace launched its Unified Payments Interface handle to enhance further its digital payment which will offer all the customers, including its 500+ million customers. In its first phase, Flipkart has partnered with Axis Bank, wherein users can register for UPI with @fkaxis handle for their digital transactions using the Flipkart app. Dheeraj Aneja, Senior Vice President - …

RBI and Nepal's Central Bank sign terms for UPI-NPI integration
10 months, 1 week 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 payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'
10 months, 1 week ago

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'

The Hindu  

India's Unified Payment Interface services were on February 12 rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with modern digital technology. India's RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe. …

UPI Services Will Begin in Sri Lanka and Mauritius
10 months, 1 week 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, 1 week 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 …

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth
10 months, 3 weeks ago

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

News 18  

The Ministry of Finance’s recently released report, ‘The Indian Economy – A Review’, has lauded India’s digital transformation, highlighting the success of the Digital Public Infrastructure and its significant role in delivering services with a citizen-centric focus. The report noted that as the pandemic disrupted economic activities, the government responded swiftly, leveraging the strength of digital public infrastructure, commonly known …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 1 week 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 …

India, Sri Lanka discuss early launch of UPI payment system
11 months, 2 weeks ago

India, Sri Lanka discuss early launch of UPI payment system

Firstpost  

The agreement on the acceptance of the Unified Payments Interface in Sri Lanka was formalised in July 2023 during the two-day visit of Sri Lanka President Ranil Wickremesinghe to India, where he signed the accord with Prime Minister Narendra Modi Six months following the joint announcement by the prime ministers of India and Sri Lanka, discussions have taken place regarding …

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
11 months, 3 weeks 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 …

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