UPI platforms

News and Trends

Fee Of Up To 1.1% On Merchant Transactions Above INR 2000: NPCI

As per the circular issued on March 24, the changes will come into effect from April 1, 2023

News and Trends

Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor

Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months

News and Trends

Travellers From G20 Countries Can Pay Via UPI, Says RBI

The RBI release also reportedly clarified that the facility is available to travellers from G-20 countries, at selected international airports such as Bengaluru, Mumbai and New Delhi

News and Trends

UPI-PayNow Linkage Launched; Will Make Cross-Border Remittance Easy Between India and Singapore

The UPI-PayNow linkage is said to be the world's first such linkage to feature cloud-based infrastructure and have participation from non-banking financial institutions

News and Trends

Minister Ashwini Vaishnaw Launches 'Digital Payments Utsav'

The minister also mentioned that the Prime Minister's Vision of the digital revolution is having a transformative impact on the hard-to-reach people in the country

News and Trends

MobiKwik All Set To Support Credit Card On UPI

MobiKwik by supporting RuPay Credit Card on UPI will be expanding its credit penetration in its target tier 2, 3 & 4 Indian cities

News and Trends

Cabinet Approves INR 2600 Crore Scheme To Promote RuPay Debit Cards And Low-Value BHIM-UPI

Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year

News and Trends

Cabinet Approves INR 2600 Crore Scheme To Promote RuPay Debit Cards And Low-Value BHIM-UPI

Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year

News and Trends

Several Countries Express Intent To Adopt UPI, Says NPCI MD

Dilip Asbe said UPI can reach the milestone of a 'billion transactions a day' in the next two-three years from a peak of around 280 million transactions at present

News and Trends

RBI Introduces Single-Block-And-Multiple-Debit Functionality In UPI

Also, RBI has plans to expand the scope of Bharat Bill Payment System (BBPS) to include all categories of payments and collections, both recurring and non-recurring in nature

News and Trends

A Bumpy Start For RBI's e-Rupee

With its wholesale and retail pilots being live, will the central bank be able to create a loyal user base?

News and Trends

Indians Can Soon Pay Through UPI In Europe

The partnership between NIPL and Worldline aims at expanding acceptance of Indian payment means across Europe

News and Trends

T Rabi Sankar On RBI's Key Focus Areas For Financial Inclusion

Deputy governor of RBI said that RBI mainly focuses to scale the digital infrastructure while preserving the technical stability

News and Trends

NPCI Directs Payment Apps Not To Charge Platform Fee On BBPS

The reports said that government is likely to treat the unified payments interface (UPI) as public good in which customers do not required paying

News and Trends

Government Is Not Considering Any Charges For UPI, Says Finance Ministry

The ministry also said that the concerns of the service providers for cost recovery have to be met through other means

News and Trends

UPI Transactions Record 6 Billion Mark In July

PM Modi said this accomplishment indicates the collective resolve of the people of India to embrace new technologies and make the economy cleaner