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UPI
UPI News
Mohamed Muizzu
21 Oct 2024
President Mohamed Muizzu Decides To Introduce India's UPI In Maldives
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, the President's Office said in a statement on Sunday.
PhonePe
08 Oct 2024
ICICI Bank Partners With PhonePe To Offer Instant Credit On UPI
This partnership will enable customers to avail flexible short-term credit through a fully digital user experience from within the PhonePe app instantly, said PhonePe.
UPI
27 Sep 2024
UPI Pips Credit Cards As Preferred Payment Method In India: Report
The immense popularity of UPI is seen from the transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities.
UPI
23 Sep 2024
3 In 4 UPI Users To Stop Using It If Transaction Fee Is Introduced: Survey
LocalCircles will escalate the findings of this survey with Ministry of Finance and Reserve Bank of India (RBI) so that pulse of the UPI user is taken into account before any MDR charges are permitted.
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.
Bengaluru news
22 Sep 2024
Auto Driver's Method Of Collecting Fare Catches Ashwini Vaishnaw's Attention
Ashwini Vaishnaw shared a viral photo of the auto driver hailing him for his approach to collecting UPI payments.
UPI
22 Sep 2024
75% Of Users Say They’ll Stop Using UPI If THIS Happens: Check Reason
The survey found 37 per cent of respondents shared UPI transaction accounts for more than 50 per cent of their total payment in value terms.
NCPI
17 Sep 2024
Low On Balance? UPI Lite To Soon Have Auto Top-up Feature Launching On Oct 31
NCPI has said that with this new feature, the UPI LITE balance will automatically be reloaded by an amount chosen by the user, not exceeding the UPI LITE Balance limit, whenever the balance falls below a maximum limit set by them.
UPI
15 Sep 2024
UPI Transaction Limit Changing From Sept 16; Check Eligibility, New Limit
UPI Transaction Limit: The new UPI limit will also apply to other transactions, including payments to hospitals, educational institutions, IPOs, and RBI retail direct schemes.
Credit card
04 Sep 2024
India's Credit Card Market Set to Double, Reaching 200 Million By FY28-29: PwC
India Credit Card Market: The report mentioned that debit cards have struggled to compete with credit cards in terms of rewards, which has further contributed to their decline.
UPI
01 Sep 2024
New Credit Card Rules On UPI For RuPay Users, Effective From September 1
New Credit Card Rules On UPI: In June 2022, the Reserve Bank of India (RBI) allowed RuPay credit cards to be linked with UPI, which was previously used only as a pay-now facility.
Unified Payments Interface
31 Aug 2024
UPI Likely To Grow Further In Several Countries: RBI Governor
These endeavours, he said, underscore collaborative efforts for the adoption of India’s initiatives across the globe.
UPI
31 Aug 2024
UPI Processed Rs 81 Lakh Cr Worth Transactions In April-July, Up 37% YoY
In July, UPI transactions crossed Rs 20.6 lakh crore — the highest-ever during a month. The value of UPI transactions processed remained above Rs 20 lakh crore for three consecutive months. Paysecure examined 40 of the top alternative payment methods from around the world to reveal this data.
UPI
30 Aug 2024
New UPI Feature Launched: Deposit Cash At ATMs With UPI—No Debit Card Needed
UPI-ICD uses a customer’s mobile number linked to UPI along with virtual payment addresses (VPA) and account IFSC codes to facilitate cash deposits.
UPI
28 Aug 2024
Private US Banks Can Embrace India's UPI For Faster Digital Payments, Says Fed
US Federal Reserve Governor Christopher Waller praised India's digital payments infrastructure (DPI) that has brought financial inclusion to millions in the country.
Unified Lending Interface
27 Aug 2024
All About Unified Lending Interface That RBI Is Planning To Launch
Developed by the Reserve Bank Innovation Hub (RBIH), the ULI will enable the smooth and consent-based transfer of digital data, including land records of various states, from multiple data service providers to lenders.
UPI
22 Aug 2024
UPI Booster: Withdraw Money Instantly, Up To Rs 1 Lakh On The Same Day
In May, online brokerage platform Zerodha announced to let customers instantly withdraw up to Rs 1 lakh daily between 9 a.m. and 4 p.m., at no additional cost.
UPI
20 Aug 2024
RBI New Rules: How To Recover Money Transferred To Wrong UPI Address?
RBI New Rules For UPI Payment: The Reserve Bank of India (RBI) has released new guidelines addressing concerns over erroneous transactions on the Unified Payments Interface (UPI).
UPI
15 Aug 2024
NPCI To Upgrade UPI Service, Allowing Users to Make Bank-Free Payments
The Delegated Payment System is trying to make UPI accessible to more people, especially those who do not have bank accounts.
UPI
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.
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