Maharashtra auto driver lauds UPI, says it helps him ‘save money’

2 days, 11 hours ago

Auto driver arrested for extorting ₹3,500 from US student

MUMBAI: The Sahar police on Saturday arrested an autorickshaw driver for allegedly extorting ₹3,500 from a 19-year-old student, who had arrived from the United States of America, when the meter showed ₹106 as fare for the trip. The student, Vishwajeet Patil, who is originally from Sangli, arrived at the Chhatrapati Shivaji Maharaj International Airport on December 14 and took an …

Driver Auto

6 days, 14 hours 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 …

Payments Users Feature Transaction Limit Upi Npci

1 week, 3 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 …

India Financial Transactions Payment Crore Transactions Upi

2 weeks ago

Kejriwal pledges Rs 10 lakh insurance, other benefits for auto drivers ahead of 2025 polls

New Indian Express

NEW DELHI: Ahead of the February 2025 Assembly poll, AAP national convenor Arvind Kejriwal on Tuesday announced five guarantees for auto rickshaw drivers, including a life insurance scheme worth Rs 10 lakh and accidental insurance of Rs 5 lakh. Underscoring the role of auto drivers in his party’s previous victories, he said, “Auto drivers were instrumental in our first victory, …

Delhi Auto Drivers Kejriwal

2 weeks ago

₹10L insurance, aid for daughters' weddings: Kejriwal's big promises for auto drivers ahead of Delhi polls

Hindustan Times

AAP national convenor Arvind Kejriwal on Tuesday announced five guarantees for auto drivers in Delhi ahead of assembly elections. Aam Aadmi Party National Convener Arvind Kejriwal met with auto-rickshaw drivers at his residence in New Delhi. “Third, the government will provide life insurance worth ₹10 lakh and accident insurance worth ₹5 lakh,” Kejriwal said. The app allows people to access …

Delhi Auto Drivers Bjp Aap Kejriwal Big Promises

2 weeks, 2 days 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 …

Credit Digital Borrowers Transaction Upi

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 …

Credit Digital Upi Enabled Underserved Underserved Borrowers

2 weeks, 4 days ago

Cyber Crime Wing of Tamil Nadu police warns of new UPI scam

The Hindu

The Cyber Crime Wing of the Tamil Nadu Police has issued an alert regarding a new scam that targets mobile money-users. Known as the ‘Jumped Deposit’ scam, this fraudulent method exploits users’ trust to execute unauthorised withdrawals through Unified Payments Interface. The Cyber Crime Wing has advised people receiving such suspicious deposits to wait for about 15-30 minutes before checking …

Tamil Nadu Scam Deposit Pin Upi

2 weeks, 5 days ago

RBI increases UPI Lite transaction limit: How will you benefit?

India Today

The Reserve Bank of India has raised the transaction limit for UPI Lite to Rs 1,000 per transaction and the wallet limit to Rs 5,000, compared to the earlier limits of Rs 500 and Rs 2,000, respectively. The UPI Lite framework, first introduced in January 2022 and updated in August 2023, was created to simplify small-value digital payments. Convenience for …

India Payments Digital Transactions Upi Upi Lite Lite Transaction

3 weeks, 1 day ago

Vivek Kaul: Cash transfer politics has an impact not just on ballots but also budgets

Live Mint

The political lesson being learnt from recent assembly elections in Maharashtra and Jharkhand, and before that in Madhya Pradesh, is that cash transfer schemes for women can be a real game-changer when it comes to winning the electorate over. In the first six months of 2024-25, of the ₹1.56 trillion contributed by petroleum companies to the exchequer of state governments, …

India Tax Maharashtra Prices Petroleum Petrol State Governments

3 weeks, 6 days ago

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

India TV News

Fraud Digital Payments Rs Upi

1 month ago

What are UPI credit cards? How are they changing the way we make payments? An explainer

Live Mint

If you are quite accustomed to making all your sundry payments via Unified Payments Interface app and are unsure of changing this habit of yours to embrace credit card in the foreseeable future, then you may explore the idea of using UPI credit cards. However, with linking of credit cards to UPI, card users can literally have got the best …

Credit Payments Bank Credit Card Credit Cards Payment App

1 month ago

UPI 123 Pay: Key changes to come into effect before January 1

Live Mint

The Reserve Bank of India had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. Those who are unaware, UPI 123PAY enables digital payments on feature phones to access UPI services without internet connection. The members will collectively identify and tag UPI 123Pay transactions as per the rules given below: A.) C.) Initiation channel On …

Pay Transaction Upi Tag Npci 123 Effect Key

1 month, 1 week ago

UPI merchants: THESE steps can help you avoid UPI-related scams

India TV News

UPI has become immensely popular in India, with transaction numbers rising each year. Some fraudulent apps mimic real UPI transaction interfaces, displaying details like bank account numbers, timestamps, UTR numbers, and more, but they don’t actually process any transactions, effectively scamming unsuspecting merchants. Check every transaction: Many merchants don’t closely monitor their UPI accounts and may mistakenly trust their customers …

Accounts Transaction Merchants Upi Upi Merchants

1 month, 2 weeks ago

UPI without bank account: Here is how to use UPI Circle for family members

India TV News

The ease of use of UPI has made digital payments easier across India, but many people, like children, miss out on its benefits. However, the UPI circle feature allows multiple family members to connect with a single bank account, providing a convenient solution for those without individual accounts. UPI Circle allows family members without bank accounts to use UPI payments …

Family Family Members Members Account Circle Upi Upi Id

2 months ago

Maximize Your Savings with UPI Cashback and Rewards: A Comprehensive Guide

Hindustan Times

A comprehensive guide to maximizing cashback and rewards through UPI transactions is presented. The article covers the basics of UPI, its benefits, and how to choose the right UPI app, link multiple bank accounts, participate in referral programs, use UPI for high-frequency transactions, leverage merchant-specific offers, and redeem rewards points efficiently. It also provides potential pitfalls to avoid and emphasizes …

Law Technology Finance Savings

2 months ago

How UPI Wallet is more secure and convenient than UPI: Know the Difference

India TV News

The article discusses the differences between UPI and UPI Wallet and highlights the advantages of UPI Wallet for small transactions. It emphasizes the convenience and safety of UPI Wallet, especially for small payments, as it minimizes the risk of potential cyber threats. The article also highlights the advantage of UPI Wallet's small ambit, keeping the money safe and untouched in …

Law Technology Finance Payments

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.

Government Law Economy International Relations

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.

Government Law Economy International Relations

3 months, 1 week 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 …

Tax Payments Payment Adfree Lakh Limit Single Transaction

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 …

India Payment Transactions Upi 81 Lakh Crore

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 …

Google User Users Google Pay Upi Payments Npci Secondary User

4 months ago

Bengaluru auto driver returns forgotten ₹30 the following day, wins hearts with honesty

Hindustan Times

Recently, an auto driver from Bengaluru took the initiative to return the extra money that was forgotten during a passenger's ride. A Bengaluru auto driver has won hearts with his honesty His fare for the ride was ₹200, however in the middle of the ride the auto driver stopped at a petrol pump and he asked him to PhonePay his …

Bengaluru Driver Pay Ride Auto User Forgot

4 months, 1 week ago

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

India TV News

Payments Payment Swiggy Transaction Upi Swiggy Upi

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 Indian Payment Maldives Muizzu Mou Jaishankar

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 …

India Indian Maldives Muizzu Mou Jaishankar Upi

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 …

Payments Digital Payment User Rbi Clearing Upi

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 …

Trillion Transactions Upi Upi Transactions Interface

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 …

India Transaction Upi Payments Npci

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 Payments Digital Consumers Purchases Upi Online Payment Preferred

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 …

India Digital Pay Payment Report Upi Transactions

5 months, 3 weeks ago

Bengaluru cab driver's impressive earnings stun netizens: ' ₹3,000-4,000 daily'

Hindustan Times

A Redditor who was travelling by a cab in Bengaluru asked the driver about his daily earnings and was shocked by the response. The cab driver informed about his earnings to the Redditor and also shared that he gets extra income by driving for Ola. When I asked him how long he's been driving, he said that he had been …

Bengaluru Driver Post Ola Cab Cab Driver

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 …

India Payment Company Adani Upi

7 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 …

India Payment Transactions Upi This Trend Upi Transactions

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 …

India Fraud Credit Payments Money Digital Payments Digital

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 …

India Delhi Credit Payments Money Digital Payments Digital

8 months ago

The Ultimate Companion for the Elderly: Choose Pocket UPI for Hassle-Free Payments

Hindustan Times

Most elderly people find it hard to make digital payments due to the number of steps involved in the process. Seniors Can Use It Anytime, Anywhere MobiKwik Pocket UPI can be used for online as well as offline payments and can be used pretty much anywhere. Pre-loaded Wallet MobiKwik Pocket UPI is linked to your MobiKwik wallet and all the …

Payments Digital Payments Pay Senior Citizens Senior Your Parents Pocket

8 months, 2 weeks 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. …

Rbi Facility System Deposit Upi Upi Facility Cash Withdrawal

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 …

Payment Survey Fee Transaction Upi

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 - …

India Payments Digital Payment Customers Flipkart Upi

10 months, 2 weeks 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 …

Service Pti Paytm Upi Other Banks

10 months, 4 weeks ago

Chai with PM Modi, paid through UPI, 'unforgettable' memory for President Macron

India Today

French President Emmanuel Macron was smitten with the Unified Payments Interface, India's digital payment system, which was used for making payment of the tea that he and Prime Minister Narendra Modi enjoyed in Jaipur. In his speech at the official banquet hosted by President Droupadi Murmu for him at Rashtrapati Bhavan, Macron said he will "not forget" the chai which …

India France Tea Payment Modi Pm Modi Chai

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 …

Payments Credit Cards Payment Card Cards Paytm Upi

11 months, 2 weeks ago

Mumbai woman stops tricky UPI Scam – Sees warning signs | Read details

India TV News

Mumbai UPI Fraud: In a recent incident, a woman successfully thwarted a potential scam involving UPI. The caller, addressing her as "beta", said he needed to transfer Rs.25,000 LIC money to her father but had to send it to her as her father didn't use virtual payments. As the call progressed, the scammer rapidly moved through a sequence of transactions, …

Scam User Her Father Upi Stops Tricky

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 …

Billion Dec Transaction Transactions Upi

11 months, 3 weeks ago

5 new ways to use UPI payments as 2024 begins with these rule changes

Hindustan Times

As we enter the new year, it's essential to take note of the UPI rules that have been changed. National Payments Corporation of India have instructed payment apps to deactivate inactive UPI IDs after one year. Users of platforms like Google Pay and PhonePe must verify and ensure their UPI IDs remain active, also reviewing associated phone numbers for inactivity. …

Payment Upi Rule

1 year 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 …

Rbi

1 year ago

DriverShaab: Empowering Drivers, Simplifying Logistics With On-Demand Driver App

ABP News

DriverShaab, a Kolkata-based app platform, is evolving the way driver partners and businesses connect, providing a flexible and cost-effective solution for on-demand chauffeur services across India. Specialising in advanced technology and tracking services, DriverShaab is poised to extend its services to a wider audience, including individual clients such as older adults or homemakers who require drivers for shorter durations. For …

Driver Drivers Platform Drivershaab Individual Car

Maharashtra auto driver lauds UPI, says it helps him ‘save money’

History of this topic

Auto driver calls UPI 'life-changing facility', says it helps him plan ahead

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