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UPI transactions News

UPI transactions

02 Nov 2024

October UPI Record: Rs 23.50 Lakh Crore In 1,650 Crore Transactions

In the UPI ecosystem, the top banks for sending and receiving funds are State Bank of India (SBI), HDFC Bank, and YES Bank.

UPI transactions

23 Sep 2024

Make UPI Payments Without Internet: Here’s Your Step-by-Step Guide

National Payments Corporation of India (NPCI) has launched a special service that allows UPI transactions without needing an internet connection.

10 Aug 2024

UPI vs UPI Lite: From Transaction Limit To Availability; Which One Is Best?

UPI allows users to instantly transfer funds between different bank accounts through their mobile phones. Meanwhile, UPI Lite acts as an on-device wallet for small-value transactions.

02 Jun 2024

14.04 Billion UPI Transactions In May, Sees 49% Year-on-Year Growth

Both the NPCI and the Reserve Bank of India (RBI) are exploring new use cases for UPI and extending its reach into the rural economy.

29 May 2024

HDFC To Stop SMS Alerts For Small UPI Transactions Starting From THIS Day

HDFC bank stated that the decision to stop SMS alerts for low-value UPI transactions is based on customer feedback.

Emmanuel Macron

25 Jan 2024

Fort Visit, Roadshow, UPI Transactions: Macron, PM Modi To Explore Jaipur

Prez Macron's visit is emblematic, marking the 25th anniversary of the India-France Strategic Partnership. The Pink City, bedecked with posters of the leaders, resonates with the significance of this diplomatic occasion.

23 Jan 2024

Razorpay Unveils Instant Refunds On Failed UPI Transactions; Check Details

In 2023 transactions on the UPI platform surpassed 100 billion marking a 60% increase from the previous year's 74 billion.

UPI transactions

03 Oct 2022

Have you sent money to wrong account? Don't worry! Here's HOW to get it back

Many times, while transferring, amounts are transferred into the wrong account. Sometimes this happens in banking fraud as well. In this case, you can get the amount back. Figure out the process by going through this article.

UPI transactions

01 Oct 2022

UPI transactions up over 3% at Rs 678 crore in September

In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore). In July, India processed 6.28 billion UPI transactions worth Rs 10.62 lakh crore.

27 Sep 2022

Alert! SBI warns customers against UPI fraud; Suggests these six TIPS

Nowadays, scammers find different and creative ways to scam people and siphon off money. SBI has shared six security TIPS while using or making UPI transactions. Earlier, SBI warned about a new malware SOVA that steals personal information.

UPI transactions

24 Apr 2022

UPI server faces outage, complaints flooded on Twitter about failed payments

UPI server goes down for a while. The volume of UPI transactions below Rs 100 accounts for 75% of the total. UPI processed 540 crore transactions worth Rs 9.60 lakh crore in the month of March alone.

12 Apr 2022

HDFC Bank customers alert! UPI terms and conditions changed

HDFC Bank has updated its UPI terms and conditions. Users should be aware that there is a daily transaction restriction of Rs 1 lakh or ten transactions per day. The 10-transaction limitation only applies to fund transfers.

UPI transactions

19 Feb 2022

36% of Indian millionaires use e-wallets or UPI for payment, reveals survey

During the pandemic year, Indian HNIs are more risk-averse. Stock markets and real estate remain the most popular investments among the millionaires polled. The report breaks down the geographical distribution of millionaires by state and city, depending on their long-term residence.

UPI transactions

01 Nov 2021

UPI transactions value surpasses record $100 billion in October

The value of transactions was Rs 7.71 lakh crore in rupees, and 421 crore transactions were completed in the month, both records. The buying spree that marked the start of festival season, as well as e-commerce purchases, propelled the surge in October. The average monthly growth rate of UPI transactions was 5.8% from March to September 2021.

11 Oct 2021

iOS 15: Now you can make UPI payments via iPhone camera; here’s how

This feature is only available to customers who use the UPI payments service. You no longer need to open your UPI app to scan a merchant's or receiver's QR code, since the task is now done by the camera. However, you must continue to use UPI payment apps to complete the transaction.

11 Oct 2021

iOS 15: Now you can make UPI payments via iPhone camera; here’s how

This feature is only available to customers who use the UPI payments service. You no longer need to open your UPI app to scan a merchant's or receiver's QR code, since the task is now done by the camera. However, you must continue to use UPI payment apps to complete the transaction.

UPI transactions

02 Oct 2021

Now you can send money using UPI without Internet: Check step by step process

UPI has become the lifeblood of Indian financial transactions. UPI allows consumers to transfer money from one bank account to another in seconds using their cellphones. *99# service is currently available from 41 prominent banks and all GSM service providers in 12 languages, including Hindi and English.

UPI transactions

02 May 2021

BHIM UPI transactions down at Rs 4.94 lakh crore in April

The total number of transactions stood at 2.64 billion during the month, down by 3.3 percent from 2.73 billion in March. UPI had recorded 2.73 billion or 273 crore transactions which amount to Rs 5,04,886 crore in March. PhonePe, Google Pay, and Paytm control the maximum market share (90%).

online money transfers

15 Mar 2021

What can you do if you send money to a wrong account?

On one side, online transactions have made banking facilities easier, while on the other side, it has its own disadvantages, given the recent frauds that were reported during the pandemic. The person will be required to inform the executive about the exact date and time of the transaction, the account number, and the account in which money has been transferred mistakenly. The money will automatically be refunded within 5-6 business days if the bank account to which you have transferred the money does not exist.

22 Jan 2021

UPI users may not be able to do transactions between 1 AM to 3 AM, know why

UPI users may not be able to do transactions between 1 AM to 3 AM for the next few days NPCI said has advised users to avoid making transactions during the specified time and plan their transactions ahead of that time to avoid any inconvenience.

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