UPI Breaks Record! 14.04 Billion Transactions In May, Sees 49% Year-on-Year Growth | Economy News

New Delhi: The National Payments Corporation of India (NPCI) has released its latest update on Unified Payments Interface (UPI) transactions for May, June 1. UPI transaction volume soared by 14.04 billion in May, as per the NPCI. This marked a notable increase from 13.30 billion transactions recorded in the previous month. UPI transactions totalled Rs […]

ABHISEK RAJPUT

June 2, 2024

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RBI Aims To Expand UPI To 20 Countries By 2028-29: RBI’s Annual Report | Economy News

New Delhi: The Reserve Bank of India (RBI) and NPCI International Payments  (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by FY29, as per ANI report. The RBI Annual Report highlights efforts to expand the global presence of both UPI and RuPay. “In light of goals for Viksit Bharat 2047, the […]

ABHISEK RAJPUT

June 2, 2024

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RBI Announces UPI Lite Integration With E-Mandate Framework; Now You Can Autofill Your UPI Lite Balance | Personal Finance News

New Delhi: The Reserve Bank of India has announced the integration of UPI Lite with the e-mandate framework. This will enable automatic replenishment of UPI Lite balances. Governor Shaktikanta Das stated that this move aims to make small-value digital payments more convenient. “The UPI Lite facility currently allows a customer to load his UPI Lite […]

ABHISEK RAJPUT

June 7, 2024

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NPCI To Introduce New Product On UPI With Credit Card Like Features- Details Here | Personal Finance News

New Delhi: The National Payments Corporation of India (NPCI) is set to introduce a new product on UPI that works like a credit card. The RBI has allowed banks to offer credit lines to customers through UPI. Several banks, including Axis, HDFC, ICICI, Indian Bank, and PNB, are already using this product. Customers get a […]

ABHISEK RAJPUT

July 13, 2024

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Credit Card Spendings Via UPI Platform Touch New High –Check List Of Banks Offering Facility | Personal Finance News

Mumbai: The Unified Payments Interface (UPI) platform, a flagship of the Indian Digital Public Infrastructure (DPI) which has gone global, has added another feather to its cap.  According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spendings via UPI has touched Rs 10,000 crore a month. […]

ABHISEK RAJPUT

August 7, 2024

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UPI vs UPI Lite: From Transaction Limit To Availability; Which Platform Suits You Best? |Explained | Personal Finance News

UPI vs UPI Lite: As we all know the National Payments Corporation of India (NPCI) has launched two versions of a digital payment system: UPI (Unified Payments Interface) and UPI Lite. These payments are used for digital transactions in India and become an essential part of daily transactions for many because of the convenience of […]

ABHISEK RAJPUT

August 10, 2024

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Swiggy Launches Swiggy UPI, Cuts Payment Steps From Five To One: Details Here | Technology News

New Delhi: Swiggy on Wednesday launched ‘Swiggy UPI,’ a new payment feature that integrates with NPCI’s digital payments system. This upgrade is designed to provide a faster and smoother payment experience for users within the app. Users can now handle UPI payments directly in the Swiggy app, simplifying the process from five steps to just […]

ABHISEK RAJPUT

August 14, 2024

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NPCI To Upgrade UPI Service, Allowing Users to Make Payments Without Bank Account | Personal Finance News

UPI Payment Without Using Bank Account: India’s National Payments Corporation (NPCI) is preparing to upgrade its UPI (Unified Payments Interface) service, which will include new features like face unlock and a new plan which is known as a Delegated Payment System.  The Delegated Payment System is trying to make UPI accessible to more people, especially […]

ABHISEK RAJPUT

August 15, 2024

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RBI New Rules For UPI Payment: How To Recover Money Transferred To Wrong UPI Address? | Personal Finance News

RBI New Rules For UPI Payment: In the digital world, users can easily transfer money or make payments with the help of the Unified Payments Interface (UPI). However, problems such as declined transactions or accidentally sending money to the wrong UPI address can occasionally result in financial losses. Taking on this note, the Reserve Bank […]

ABHISEK RAJPUT

August 20, 2024

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75% Of Users Say They’ll Stop Using UPI If THIS Happens: Find Out The Reason Here | Technology News

New Delhi: Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday. The survey found that 38 per cent of users make over 50 per cent of their payment transactions via UPI instead of debit, credit or any other […]

ABHISEK RAJPUT

September 22, 2024

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