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
German Minister ‘Fascinated’ After Buying Vegetables Using UPI In India
German Embassy in India on Sunday hailed India's digital infrastructure, calling it one of the country's success stories. The high praise for India's digital payment model came after Germany's Federal Minister for Digital and Transport, Volker Wissing, used UPI to make a payment in India and was "very fascinated" by the experience.
Aug 20, 2023, 21:05 PM IST
BharatPe Launches New Android PoS Machine For Merchants
Powered by Android 10 operating system, the new device has a 5.5-inch HD touch screen and a long-lasting battery, supports fast charging, and is compatible with 4G and Wi-Fi for better connectivity.
Aug 11, 2023, 15:05 PM IST
Now, SBI Card Customers Can Make UPI Transactions Through RuPay Credit Cards
It must be noted that to ensure successful credit card linking with UPI, the cardholder’s mobile number registered with SBI Card should also be linked with UPI.
Aug 10, 2023, 15:10 PM IST
RBI Raises Per Transaction Limit For UPI Lite To Rs 500 From Rs 200 To Promote Digital Transaction
Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment instrument has been prescribed by the Reserve Bank for small value digital payments in offline mode, including for National Common Mobility Card (NCMC) and UPI Lite.
Aug 10, 2023, 13:47 PM IST
FinTech Paytm Launches Two New Devices - Pocket Soundbox & Music Soundbox To Empower On-The-Go Merchants
Designed to add convenience for mobile merchants, Paytm Pocket Soundbox is an industry first portable device that comes with all the powerful features of the iconic Paytm Soundbox. The easy-to-carry device proudly ‘Made in India’ provides 5-day battery life, 4G connectivity and a torch to keep going even in low-light conditions.
Jul 31, 2023, 19:48 PM IST
Big Boost For India's UPI; Now Sri Lanka To Use Payment Interface After France
Indian travellers visiting Sri Lanka would no longer need to carry foreign currency after the revolutionary change announced today.
Jul 21, 2023, 13:05 PM IST
India, UAE Establish Framework For Local Currency Settlement In Cross-Border Transactions
The RBI's Memorandum of Understanding (MoUs) with the UAE came just days after the expansion of the Unified Payments Interface (UPI) to France, allowing Indian tourists to make payments in rupees at the Eiffel Tower.
Jul 15, 2023, 19:16 PM IST
Google Pay Launches UPI LITE in India: Check Transaction Limit And How To Activate It
The UPI LITE feature was launched by the Reserve bank of India in September 2022 to ease the UPI transaction process and is enabled by National Payments Corporation of India (NPCI).
Jul 13, 2023, 14:53 PM IST
You 'Earn' From Smartphone Even If You Are Not Aware Of It; Check How
The study sheds light on how smartphone consumers are increasingly relying on their smartphones to pay their utility bills and shopping/booking/hiring of products and services.
Jul 05, 2023, 18:13 PM IST
E-Commerce Growth In India To Hit $150 Billion By 2026: Report
UPI’s dramatic success derives largely from its seamless interoperability with commercial wallets such as Google Pay, Paytm, and PhonePe, the report said.
Jul 05, 2023, 17:59 PM IST
After UPI and ONDC, Indian Govt Launches OCEN, Know How its Democratizing Credit Access In India?
Across the world, small businesses struggle to access credit and tap into formal financial markets. In India specifically, the micro small & medium enterprises (MSME) credit gap, which is the credit demand that is unmet by the financial system.
Jun 30, 2023, 11:40 AM IST
Apple Pay Likely To Arrive Soon In India
Sources told IANS on Friday that initial talks were done and the Cupertino-based iPhone maker may soon launch its Apple Pay services in India.
Jun 23, 2023, 17:48 PM IST
SBI Fund Transfer To Wrong Account? Bank Explains How To Get Your Money Back
Recently, an SBI client encountered the same problem and reported to the State Bank of India (SBI) about it via its official Twitter account. Here's what SBI said in a tweet thread.
Jun 23, 2023, 16:32 PM IST
Paytm UPI SDK Brings India's Fastest UPI Payments For Merchant Apps
Paytm UPI SDK currently supports payments from UPI-linked bank accounts and RuPay credit cards.
Jun 15, 2023, 11:18 AM IST
Google Pay Enables Aadhaar-Based Authentication For UPI Activation
"With the Aadhaar-based UPI onboarding flow, Google Pay users will be able to set their UPI PIN without a debit card," Google Pay said in a statement.
Jun 07, 2023, 21:42 PM IST
Bank Of Baroda's New Service Allows Customers To Withdraw Cash Via UPI; Here's Step-By-Step Guide
Customers of other participating issuer banks who utilize BHIM UPI, bob World UPI, or any other UPI application enabled for ICCW on their mobile devices can also avail themselves of this facility.
Jun 06, 2023, 13:27 PM IST
After UPI, NEFT, RTGS Reserve Bank Of India Now Prepares For 'Lightweight Payment System'
RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI.
Jun 01, 2023, 20:35 PM IST
Now, Link Rupay Credit Cards With Google Pay For UPI Payments In India
The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India.
May 23, 2023, 12:23 PM IST
