UPI

What is UPI and how is money transferred through it? 5 things you should know

UPI is a system that powers multiple bank accounts into a single mobile application of any participating bank.

Apr 05, 2021, 12:05 PM IST

Failed UPI transactions? Banks to pay Rs 100 per day penalty for delay beyond 2 days

If you too have been wondering on the rules pertaining to failed transaction, here is the elaborate RBI guideline, for all the details of refund and penalty thereof.

Apr 05, 2021, 10:34 AM IST

BHIM UPI transactions more than double to 273 crore in March

In March 2020, around 125 crore transactions took place through BHIM UPI.

Apr 02, 2021, 17:25 PM IST

Google, Amazon and other tech giants eye India's burgeoning digital retail payments market

The growing prowess of India in the field of economy, as well as technology, has garnered the attention of tech giants across the world. Technology giants Facebook Inc, Amazon.com Inc and Google and credit-card providers Visa Inc and Mastercard Inc are among those vying for unprecedented access to India's burgeoning digital retail payments market, reported The Star.

Mar 07, 2021, 12:31 PM IST

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

The National Payment Corporation of India (NPCI) has said that its Unified Payments Interface (UPI) may not function optimally between 1 AM and 3 AM for the next couple of days. The NPCI, through a tweet, informed the users that its UPI platform will be under an upgradation process for the next few days. "To create a better architecture for the growth of UPI transactions, the UPI platform will be under an upgradation process for next few days from 1 AM - 3 AM," NPCI tweeted.

Jan 22, 2021, 10:16 AM IST

UPI transactions post record growth; jumps 103% in 2020

While the total UPI transactions done by Indians in 2019 was beyond 2 lakh 2 thousand crore, it crossed 4 lakh 16 thousand crores in the year 2020.

Jan 04, 2021, 13:37 PM IST

WhatsApp scammers around you, stay safe with these handy tips

Follow the five simple steps to stay safe from WhatsApp payment frauds.

Jan 01, 2021, 20:53 PM IST

Fact check: NPCI dismisses reports of charges on UPI transactions; says don't fall prey to incorrect information

NPCI has urged all the customers to not believe in such stories and continue to perform uninterrupted and convenient UPI transactions.

Jan 01, 2021, 15:20 PM IST

Beware of banking frauds this festive season, know how you can stay safe

Six types of banking frauds to beware off.

Nov 06, 2020, 07:28 AM IST

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DNA: All you need to know about E-wallet KYC scam

In this segment of DNA, Know about latest E-wallet KYC scam. #DNA #KYCScam

Nov 27, 2019, 23:02 PM IST

Mumbai banker loses Rs 87,000 via digital payments app

With increased online payments it is important to know how to protect UPI transactions from cyber fraud.

Aug 30, 2019, 14:20 PM IST

Truecaller apologises for bug that covertly signed up users for UPI

This "anomaly", which triggered panic and hacking fears last week, affected less than 0.12 per cent of Truecaller's total monthly users in India, said the company which has over 100 million daily active users in the country.

Aug 07, 2019, 15:48 PM IST

LIC's new business premium grows 5.68% to Rs 1.42 lakh-cr in FY19

The total assets held by the corporation, which commands over 70 percent of the life insurance industry despite the advent of private companies, stood at Rs 31,11,847 crore as against Rs 28,45,041 crore in the previous year, signifying a growth of 9.38 percent.

Jun 28, 2019, 10:52 AM IST

Sebi extends phase 1 implementation of UPI for retail IPO investors till June 30

However, the timeline for implementing phase 2 and phase 3 shall remain unchanged from the date of completion of phase 1, Sebi said in a circular.

Apr 04, 2019, 10:37 AM IST

Swiggy partners ICICI bank to launch digital payment solutions for faster delivery

The integration aims to bring convenience to Swiggy's large fleet of delivery partners by reducing the need for travelling to their collection hubs to deposit the money.

Mar 19, 2018, 19:21 PM IST

Digital payments to reach $1 trillion by 2023 in India: Report

The share of cash transactions in India is estimated to account for 70% of total transactions in value terms and 90% in volume.

Feb 15, 2018, 21:23 PM IST

Card transactions soar 84% in Sep 2017 to Rs 74,090 crore

The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.

Nov 19, 2017, 10:08 AM IST