Unified Payments Interface (UPI): News
21 Apr 2024
National Payments Corporation of IndiaNPCI to outline methods for enforcing 30% UPI market limit
The National Payments Corporation of India (NPCI) has set a 30% cap on Unified Payments Interface (UPI) market share, leaving the industry in anticipation.
18 Apr 2024
PaytmPaytm migrates users to new UPI IDs: Know key changes
One97 Communications Limited (OCL), the parent company of Paytm, has started transitioning its users to partner payment service provider (PSP) banks. These include Axis Bank, HDFC Bank, SBI, and Yes Bank.
17 Apr 2024
PhonePeNPCI plans to counter PhonePe, Google's dominance in UPI payments
India's National Payments Corporation (NPCI), the regulatory body for the Unified Payments Interface (UPI) mobile payment system, is planning strategic discussions with various fintech startups.
11 Apr 2024
Reserve Bank Of India (RBI)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.
05 Apr 2024
Reserve Bank Of India (RBI)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).
03 Apr 2024
National Payments Corporation of IndiaRuPay 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.
01 Apr 2024
National Payments Corporation of IndiaPhonePe 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 ModiIndia 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
WhatsAppWhatsApp 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
NepalYou 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.
04 Mar 2024
Reserve Bank Of India (RBI)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
FlipkartFlipkart 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 LankaAfter 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
FranceYou 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.
04 Jan 2024
Reserve Bank Of India (RBI)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.
30 Dec 2023
National Payments Corporation of IndiaInactive 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).
30 Dec 2023
National Payments Corporation of India'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.
29 Dec 2023
Telecom Regulatory Authority of India (TRAI)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 GovernmentCheaper gas to women's reservation: Major policy reforms in 2023
In 2023, the Indian government initiated groundbreaking policy reforms.
20 Dec 2023
Reserve Bank Of India (RBI)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 GovernmentIndia'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.
08 Dec 2023
Reserve Bank Of India (RBI)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
IndiaSeychelles 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
JioJioPhone 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.
01 Nov 2023
National Payments Corporation of IndiaUPI 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 GlobalNokia 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.
01 Oct 2023
National Payments Corporation of IndiaHow 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.
14 Sep 2023
National Payments Corporation of IndiaUPI 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
BusinessHow 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.
06 Sep 2023
National Payments Corporation of IndiaHow 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.
05 Sep 2023
Reserve Bank Of India (RBI)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.
04 Sep 2023
State Bank of India (SBI)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."
10 Aug 2023
Reserve Bank Of India (RBI)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).
07 Aug 2023
National Payments Corporation of IndiaUPI innovation rolled out to make online transactions faster
A new UPI plugin innovation has PhonePe/Google Pay on edge.
25 Jul 2023
PhonePeHow 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.
19 Jul 2023
National Payments Corporation of India'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
BusinessUPI 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
IndonesiaAfter 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 ModiModi 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 ModiIndia'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.
