Unified Payments Interface (UPI): News

Cross-platform transactions for UPI wallets: What RBI's new rules entail

The Reserve Bank of India (RBI) recently introduced new regulations that allow users of prepaid payment instruments (PPIs) to conduct transactions via any Unified Payments Interface (UPI) app.

RBI makes cash deposits possible using UPI: Here's how

The Reserve Bank of India (RBI) has launched a new feature allowing customers to deposit cash into their bank accounts using the Unified Payments Interface (UPI) at cash deposit machines (CDMs).

RuPay credit card users can request EMIs via UPI app

The National Payments Corporation of India (NPCI) has announced new updates for the RuPay credit card on the Unified Payments Interface (UPI) platform.

PhonePe users can now pay using UPI in UAE

PhonePe, a prominent digital payment platform, has extended its services to the United Arab Emirates (UAE).

20 Mar 2024

Narendra Modi

India will lead world in AI capabilities: PM Modi

Prime Minister Narendra Modi on Wednesday said that India is set to become a global frontrunner in the field of Artificial Intelligence (AI).

18 Mar 2024

WhatsApp

WhatsApp working on feature to scan UPI QR codes

WhatsApp is rolling out an exciting new feature in its latest beta update for Android, version 2.24.7.3, available via the Google Play Beta Program.

08 Mar 2024

Nepal

You can now use UPI to make payments in Nepal

The National Payments Corporation of India (NPCI) has announced that the Unified Payment Interface (UPI) is now available in Nepal, allowing users to scan QR codes and make payments to Nepalese merchants.

UPI accounts for 80% of digital payments in India: RBI

Shaktikanta Das, Governor of the Reserve Bank of India (RBI) has announced that Unified Payments Interface (UPI) now accounts for nearly 80% of digital payments in India.

03 Mar 2024

Flipkart

Flipkart launches its own UPI service to boost digital economy

Flipkart has unveiled its Unified Payments Interface (UPI) service, aiming to improve digital payment options for its over 500 million users.

23 Feb 2024

Google Pay (Gpay)

Amid Paytm crisis, Google Pay expands its UPI soundbox

Google Pay is gearing up to expand its SoundPod service for merchants throughout India in the coming months, following a successful limited pilot last year.

12 Feb 2024

Sri Lanka

After France, UPI goes live in Sri Lanka and Mauritius

India's Unified Payments Interface (UPI) now works in Sri Lanka and Mauritius.

02 Feb 2024

France

You can now buy Eiffel Tower tickets using UPI

The iconic Eiffel Tower in Paris is the first French merchant to adopt India's Unified Payments Interface (UPI) service.

E-Rupee transactions surpass 10 lakh per day milestone in December

In a significant milestone, Indian banks distributed employee benefits via digital rupee in December, enabling the Reserve Bank of India (RBI) to reach its goal of 10 lakh daily transactions by 2023's end, per Reuters.

Inactive UPI accounts to be deactivated from January 1

Starting January 1, UPI accounts that haven't been used for a year or more will be deactivated, according to a circular from the National Payments Corporation of India (NPCI).

'UPI for secondary market' launches on Monday: What it is

The National Payments Corporation of India (NPCI) will launch 'UPI for secondary market' beginning with a beta phase for the equity cash segment on January 1, 2024.

NPCI to disable inactive UPI IDs by December 31

The National Payments Corporation of India (NPCI) has mandated that payment apps disable UPI IDs that have been inactive for over a year by December 31, 2023.

20 Dec 2023

Indian Government

Cheaper gas to women's reservation: Major policy reforms in 2023

In 2023, the Indian government initiated groundbreaking policy reforms.

UPI transactions reach Rs. 17.4 lakh crore this December

Reserve Bank of India (RBI) has disclosed in its monthly bulletin that transactions via Unified Payments Interface (UPI) reached Rs. 17.4 lakh crore in December 2023.

20 Dec 2023

Indian Government

India's digital transformation in 2023: Advancements in infrastructure and initiatives

The year 2023 marked a digital revolution for India. The Indian government introduced several initiatives under 'Digital India,' to transform the nation's digital landscape.

RBI raises UPI limit for hospitals, education to Rs. 5L

Reserve Bank of India (RBI) Governor Shaktikanta Das, announced two major updates related to the Unified Payments Interface (UPI), during the Monetary Policy Committee (MPC) meeting.

16 Nov 2023

India

Seychelles may soon adopt India's UPI payments technology

India has extended an offer of technological cooperation to Seychelles on Unified Payments Interface (UPI), as per Mint which cited insiders familiar with the situation.

08 Nov 2023

Jio

JioPhone Prima 4G with UPI, WhatsApp support goes on sale

Jio's latest feature phone, the JioPhone Prima 4G, which was unveiled last month is now available for purchase in India.

UPI transaction volume crosses 1,100 crore mark in October 

Unified Payments Interface (UPI) has achieved a new milestone by surpassing 1,140 crore transactions in October, with the total transaction value exceeding Rs. 17.6 lakh crore.

26 Oct 2023

HMD Global

Nokia 105 Classic, with UPI support, launched at Rs. 999

Finnish mobile phone manufacturer, HMD Global has introduced a new feature phone dubbed Nokia 105 Classic in India.

How to set up UPI Lite X for offline transactions

The National Payments Corporation of India (NPCI) has recently launched UPI Lite X, an improved version of UPI Lite, which enables users to carry out offline transactions and supports "Tap and Pay" using NFC technology.

UPI transactions may increase 50% year-on-year going ahead: NCPI

Unified Payment Interface (UPI) transactions are anticipated to grow over 50% year-on-year (YoY), according to Praveena Rai, Chief Operating Officer of National Payments Corporation of India (NPCI).

07 Sep 2023

Business

How to withdraw money from UPI ATM: A step-by-step guide 

India's financial landscape has been evolving rapidly, and one of the latest innovations in the digital payment space is the introduction of Unified Payments Interface-powered ATMs, called UPI ATMs.

How India's first UPI ATM differs from regular ATMs

In a significant milestone for India's rapidly evolving digital payment landscape, Hitachi Payment Services, in collaboration with the National Payments Corporation of India (NPCI), has unveiled the country's first UPI ATM.

India's UPI may soon launch in South American, African countries

India is negotiating with several South American and African countries to implement its Unified Payments Interface (UPI) and RuPay cards as payment platforms in these regions, a senior government official told Mint.

SBI integrates UPI interoperability in eRupee CBDC app

The State Bank of India (SBI) has implemented unified payments interface (UPI) interoperability in its central bank digital currency (CBDC) mobile application called "eRupee by SBI."

UPI to support AI-powered conversational payments: How it will work

The Reserve Bank of India (RBI) is exploring the use of artificial intelligence (AI) for conversational payments on the Unified Payments Interface (UPI).

UPI innovation rolled out to make online transactions faster

A new UPI plugin innovation has PhonePe/Google Pay on edge.

25 Jul 2023

PhonePe

How to pay income tax using PhonePe

PhonePe has introduced a new feature that allows you to pay income tax conveniently from within its mobile app itself.

'1 billion daily transactions': Future of UPI in India

India's Unified Payments Interface (UPI) has been making global inroads. The indigenous payment system recently arrived in France, making a huge step on the international stage.

17 Jul 2023

Business

UPI goes global: Which countries are adopting India's payment system

The Unified Payments Interface (UPI) has revolutionized India's payment landscape. It is now steadily growing in popularity worldwide.

17 Jul 2023

Indonesia

After France and UAE, Indonesia plans UPI deal with India

India's flagship instant payment system, Unified Payments Interface (UPI), will likely be used in Indonesia as the two countries are looking for a deal for bilateral trade in domestic currency, real-time card recognition, and digital payments, The Times of India reported.

16 Jul 2023

Narendra Modi

Modi signs India-UAE trade pact, MoU to establish IIT-Delhi campus 

Prime Minister Narendra Modi on Saturday concluded his visit to the United Arab Emirates (UAE), where he met its ruler and UAE President Sheikh Mohamed bin Zayed Al Nahyan and signed crucial agreements.

14 Jul 2023

Narendra Modi

India's UPI to be used in France: PM Modi

India's flagship instant payment system, Unified Payments Interface (UPI), will now be used in France, Prime Minister Narendra Modi said while addressing the Indian diaspora in France on Thursday.

13 Jul 2023

Google Pay (Gpay)

How to activate and use UPI Lite on Google Pay

Google Pay (GPay) has introduced UPI Lite in India, which allows you to make faster payments for small amounts, without having to enter the UPI PIN to make the transaction.

13 Jul 2023

HDFC Bank

HDFC becomes first to introduce CBDC-UPI interoperability: How it works

It hasn't been that long since the Reserve Bank of India rolled out the wholesale and retail versions of Central Bank Digital currency (CBDC) or digital rupee.

SBI launches revamped YONO app with UPI and cardless withdrawal

State Bank of India's (SBI) YONO app has often been criticized for being unreliable and lacking features. That might change soon.

23 Jun 2023

Apple

UPI-powered Apple Pay, Apple Card could debut in India soon

Tech giant Apple has been eyeing India's payment sector for a while. The company is now planning to enter the crowded space from two sides: Apple Pay and credit card.

UPI has replaced much of the currency in circulation: SBI

Ever since its introduction in 2016, the Unified Payment Interface (UPI) has grown in popularity. Its meteoric rise has made India one of the leaders in digital payments across the world.

10 Jun 2023

India

India tops the world with 46% of real-time digital transactions

It is impossible to miss the QR codes adorning even the smallest Indian shops these days. The country has been undergoing a digital payments revolution over the past few years.

07 Jun 2023

Google Pay (Gpay)

Google Pay now allows Aadhaar-based verification for UPI activation

Google Pay has joined hands with the National Payments Corporation of India (NPCI), to permit registration for UPI using Aadhaar-based authentication.

How Razorpay's 'Turbo UPI' differs from standard UPI payment solutions

Razorpay has introduced 'Turbo UPI,' in collaboration with the National Payments Corporation of India (NPCI) and Axis Bank.

29 May 2023

Business

UPI to capture 90% of retail digital payments by 2026-27

Unified Payment Interface (UPI) has been the main driver of the digital payments revolution in India. First introduced in 2016, it did not take the indigenous payment system much time to grow into a dominant force.

23 May 2023

Google Pay (Gpay)

Google Pay launches RuPay credit card-based UPI to rival PhonePe

PhonePe and Google Pay are the two dominant forces in India's UPI space. While the former has been making moves to enhance its superiority, Google has been awfully quiet over the past few months.

16 May 2023

Zomato

Zomato launches UPI payment service for seamless in-app payments

You will now be able to complete payments from the Zomato app itself.

03 May 2023

PhonePe

PhonePe launches UPI Lite for smaller transactions: How to use

Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.

RBI shelves NUE, the UPI rival project: Here's why

The Reserve Bank of India (RBI) has shelved its project to create an alternative for the Unified Payment Interface (UPI).

Your UPI account will soon work like a credit card

The Reserve Bank of India's (RBI) bi-monthly Monetary Policy Committee (MPC) meeting was packed with surprises this time.

Interchange fee on UPI: How this will affect you

A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.

28 Mar 2023

Paytm

Paytm Wallet now acceptable on all UPI QRs, online merchants

The National Payments Corporation of India (NPCI) announced wallet interoperability guidelines on Friday (March 24), paving the way for significantly improving the importance of wallets.

23 Mar 2023

Ministry of Finance

Over 95,400 UPI-related frauds reported in 2022-23: Centre

A total of 95,402 cases of Unified Payments Interface (UPI) transaction-related frauds were recorded in the country in 2022-23, the Finance Ministry told the Parliament on Wednesday.

21 Feb 2023

India

India's UPI makes global debut in partnership with Singapore's PayNow

Starting today, cross-border payments between India and Singapore are going to get easier. The Unified Payment Interface (UPI) of India and Singapore's PayNow will be linked to enable faster cross-border remittances.

15 Feb 2023

Paytm

Paytm Payments Bank introduces UPI LITE: How to use it

In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.

18 Jan 2023

Google

Google launches its own UPI soundbox; piloting in select locations

With Indians embracing UPI payments wholeheartedly, busy point-of-sale activity is a regular sight in Indian shops. It is hard to keep a track of UPI transactions with the usual hustle and bustle in India.

16 Nov 2022

Ashneer Grover

Ashneer Grover trolls WhatsApp Pay, calls it the 'biggest failure'

Ashneer Grover, the co-founder and former MD of BharatPe, was at his candid best in his tweets about WhatsApp Pay. He called the UPI-based payment service from the popular chat platform the biggest failure in India as a tech product.

15 Nov 2022

Google

Google introduces UPI AutoPay for subscription-based purchases on Google Play

Users of Google Play's subscription-based purchases in India have been clamoring for the addition of UPI (Unified Payments Interface) to the mode of payments. Finally, Google has heard their pleas.

28 Oct 2022

Xiaomi

Amid headwinds, Xiaomi winds down its financial services in India

Xiaomi hasn't been having the best of times in India. The Chinese company has come under a lot of government scrutiny in recent months.

05 Oct 2022

RuPay

No charge for RuPay credit cardholders on low-value UPI transactions

National Payments Corporation of India (NPCI) has a piece of good news for customers and merchants. No charge will be levied on UPI transactions of up to Rs. 2,000 when using a RuPay credit card.

08 Jun 2022

RuPay

RBI allows linking of credit cards with UPI: Details here

UPI or Unified Payment Interface transactions have made life simpler for Indians. It is about to get even simpler, as the Reserve Bank of India (RBI) has allowed linking credit cards to UPI network.

01 Sep 2021

Netflix

Netflix introduces UPI AutoPay feature to make subscription renewal easier

Streaming giant Netflix has begun rolling out support for UPI AutoPay payments in India. This will ease recurring payment of fees like the monthly subscription to Netflix, all using just your UPI ID.

02 Aug 2021

Narendra Modi

#NewsBytesExplainer: What's the e-RUPI system and how does it work?

Accelerating the transition to a digital financial ecosystem in the country, Prime Minister Narendra Modi launched the e-RUPI digital payment system today.

26 Jun 2021

WhatsApp

How to use WhatsApp Pay to send money to contacts?

Facebook-owned WhatsApp first introduced an in-app money transfer service in 2018 as part of a trial. Named WhatsApp Pay, it officially launched last year and is now available to 20 million users in India.

08 Aug 2018

India

Here's how Indian Railways is promoting digital transactions

Recently Rajen Gohain, the Minister of State for Railways, declared that the percentage of train tickets booked digitally is on the rise, having risen to 66% of total reserved tickets in 2017-18, from 60% in 2016-17.

24 Jul 2018

India

After Android, UPI-based Truecaller Pay comes to iOS

Last year in March, popular caller identification app Truecaller, launched its UPI-based payment service - Truecaller Pay - for Android users in India.

23 Jul 2018

Cashback Offer

From August 1, NPCI bans UPI payments within same account

In a bid to curb fake and artificial payments made to receive cashbacks, the National Payments Corporation of India (NPCI) has decided to ban all payments within the same account from its Unified Payments Interface (UPI) platform.

21 Feb 2018

Flipkart

How Flipkart-owned PhonePe aims to reinvent UPI

Propelled by demonetization, cashless transactions saw a rise with Unified Payment Interface (UPI) trying to usher users towards a cashless economy.

11 Feb 2018

India

How to send and receive money on WhatsApp

Earlier this week, WhatsApp started testing its Unified Payment Interface-based payment service in India.

30 Oct 2017

Bharti Airtel

Airtel Payments Bank gets UPI-integration: All you need to know!

India's largest telco Bharti Airtel, which forayed into banking to launch Airtel Payments Bank earlier, recently integrated Unified Payment Interface (UPI) on its payments bank platform.

14 Sep 2017

India

Google to launch digital payment service in India next week?

If reports are to be believed, Google is launching a localized digital payment service in India as early as next week.

23 Aug 2017

India

HDFC becomes the first bank in India to launch DigiPOS

Revolutionizing the way customers make payments to merchants, HDFC Bank has become the first Indian bank to unveil the DigiPOS payment solution that offers a slew of digital payment options.

21 Aug 2017

India

BHIM cash back scheme extended for merchants till March

The cash back scheme, that offers merchants incentives of up to Rs. 1,000 when they accept payments via BHIM application, has been extended.

07 Aug 2017

India

Independence Day: Government to give higher cashbacks to BHIM users

Get ready to have cashbacks as rewards this Independence Day as the government is all set to offer some if you opt for digital transactions using the BHIM App.

11 Jul 2017

India

Uber, Amazon, Google: Big players taking to UPI

Uber and Amazon are planning to launch the unified payment interface (UPI) on their platforms soon.

25 Mar 2017

India

Going cashless to support "Digital India"

Indians are more accustomed to having money in their physical wallets than a digital one.