UPI payments

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface…

Image used for representational purpose only. | Photo Credit: Kamal Narang Starting April 1, 2023, merchant transactions over ₹2,000 done through Prepaid Payment Instrument Wallets (PPI Wallets) on UPI will attract an interchange charge of…

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Banks will be provided this incentive money to promote digital payments such as RuPay cards and Unified Payments Interface. File | Photo Credit: Reuters The Union Cabinet approved an outlay of ₹2,600 crore to promote payments using RuPay…

Image for representation | Photo Credit: Reuters The Union Cabinet approved an outlay of ₹2,600 crore to promote payments using RuPay cards and the Unified Payments Interface (UPI), Union Minister Bhupendra Yadav announced on Wednesday.…

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RBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits. Mr. Das was effusive in his praise for the digital payment system in his address at the…

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Expanding further outside India, the indigenously developed real-time payments solution the Unified Payments Interface (UPI) will foray into the United Kingdom market starting with QR code-based transactions. The NPCI International…