RBI Announces UPI Lite Integration With E-Mandate Framework; Now You Can Autofill Your UPI Lite Balance
Launched by the National Payments Corporation of India (NPCI) in September 2022, UPI Lite is available on platforms like Paytm, the BHIM app, Google Pay, and more.
Jun 07, 2024, 13:21 PM IST
RBI Aims To Expand UPI To 20 Countries By 2028-29: RBI’s Annual Report
The RBI report discusses the potential for collaboration with countries in the European Union and the South Asian Association for Regional Cooperation (SAARC).
Jun 02, 2024, 16:16 PM IST
UPI Breaks Record! 14.04 Billion 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.
Jun 02, 2024, 14:40 PM IST
UPI Payments See Surge In India, Leading People To Overspending Too: Experts
The latest data from the National Payments Corporation of India (NPCI) revealed that the number of Unified Payments Interface (UPI) transactions reached 1,330 crore in April.
May 11, 2024, 17:52 PM IST
RBI Coming Up With New Steps To Expand UPI Outreach
The stakeholders shared their suggestions on strategies for scaling up of UPI infrastructure and expanding the products portfolio.
May 08, 2024, 19:04 PM IST
Big Relief To Paytm, Gets NPCI Approval As A Third-Party UPI App
This transition is crucial for ensuring the smooth functioning of Paytm's UPI services under the multi-bank model.
Mar 14, 2024, 19:15 PM IST
Indian UPI Users Can Now Pay Nepalese Merchants Via QR Codes; All You Need To Know
It was specified that merchants who are part of the Fonepay Network can now receive UPI payments from Indian customers.
Mar 10, 2024, 13:35 PM IST
RBI Revises Bill Payment Rules: Key Changes, Effective Date, All You Need To Know
The newly launched rule will come into effect from April 1, 2024. Read on to find out what it is, what it means, and more.
Feb 29, 2024, 20:11 PM IST
RBI Directed NPCI To Assist Paytm UPI Operations
Starting March 15, 2024, Paytm Payments Bank will not be allowed to accept any further credits into its customer accounts and wallets, as per the directive from the RBI.
Feb 24, 2024, 11:39 AM IST
Accidentally Transferred Money To Wrong Number Via UPI? Here's Your Solution
Regulation 8 of the Reserve Bank of India's Ombudsman Scheme for Digital Transactions, 2019 specifies that if the bank fails to reverse the transfer, a complaint can be filed before the Ombudsman
Feb 13, 2024, 18:37 PM IST
UPI's Global Launch At The Iconic Eiffel Tower In France
Unified Payments Interface (UPI) is an Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016.
Feb 03, 2024, 13:57 PM IST
New IMPS Rules Coming Into Effect Tomorrow: Check How Sending Money Will Get Simpler
Now, users can transfer funds using just a mobile number and the recipient's bank account name.
Jan 31, 2024, 17:03 PM IST
NPCI Directs Members To Increase UPI Transfer Limit By January 10
NPCI is encouraging banks, PSPs, and UPI applications to adjust their transaction limits specifically for certain types of businesses, aligning with this new update.
Jan 06, 2024, 13:08 PM IST
TAC Security Plans To Go Public This Year, Aims Rs 100 Cr Turnover By 2026
TAC Security, a prominent cybersecurity firm, plans to go public in 2024, aiming to raise capital for expansion and achieve a turnover of Rs 100 crore by 2026. Scroll down for more details.
Jan 01, 2024, 18:16 PM IST
What Is UPI Tap And Pay? Check Benefits And How It Works?
The UPI Tap and Pay feature leverages the Near Field Communication (NFC) capability in smartphones, allowing users to make on-the-go payments without the need to scan a QR code.
Dec 29, 2023, 08:09 AM IST
Sent Money By Mistake Or Fell Prey To Fraudsters? Soon You Can Revert Transactions Over Rs 2,000 Within 4 Hours: Reports
However, experts raised alarm over the move saying that this may lead to fraud from buyers and may affect digital payments negatively as shopkeepers may become wary of taking payments digitally for amounts exceeding Rs 2,000
Nov 29, 2023, 18:42 PM IST
42% Consumers In India To Use UPI For Festive Shopping This Year: Report
The UPI-based payments crossed 10 billion monthly transactions in August for the first time, according to the National Payments Corporation of India (NPCI).
Sep 25, 2023, 15:52 PM IST
What Is UPI Lite X, Announced By RBI Governor, And How Does It Differ From UPI & UPI Lite?
Last year, NPCI introduced UPI Lite, a method for sending or receiving payments of up to Rs 200, which has now been increased to Rs 500, in real-time without requiring a UPI pin. They can now send or receive small denomination amounts through UPI lite by adding the funds to an on-device UPI wallet.
Sep 09, 2023, 17:33 PM IST
UPI Creates History, Payment Transactions Touched 10+ Bn Mark For First Time In August
Over 10.58 billion transaction count happened in August 2023 against 9.96 billion transaction count in July 2023, which is a 61% y-o-y growth. The payment service witnessed over 15.76 lakh crore transaction in August 2023 in terms of amount in rupees against 15.34 lakh crore in July 2023.
Sep 01, 2023, 15:11 PM IST
