"upi"

The outage started around midday, prompting a surge of complaints on social media and Downdetector, a platform that tracks service disruptions in real time. At the height of the issue, Downdetector logged more than 2,300 reports—81% related to failed payments and 17% linked to problems with fund transfers. Major banking apps from SBI, ICICI, and HDFC were also affected, pointing to a broader issue within the UPI network infrastructure.

Prime Minister Narendra Modi has set 2047, the centenary of India's Independence, as the target date for the country to become a developed nation.

According to a report by fintech consulting and advisory firm The Digital Fifth, UPI is more than just a payment system—it serves as a comprehensive financial ecosystem driving India's digital-first economy.

WhatsApp Pay can now extend UPI services to its entire user base in India

Kazan Summit reflects the bloc’s aim to challenge West-driven financial hegemony by promoting a multipolar world order

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)

To encourage cashless transactions and increase digital payments, South Central Railway (SCR) has introduced an additional facility for payment of charges through ‘QR code’ at 35 major parcel offices in railway stations across the six divisions of the zone.

The immense popularity of UPI is seen from transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities

This feature allows users to instantly withdraw funds into their savings accounts, even if trading on the same day. It addresses a major issue for stock investors by ensuring real-time trade settlements and enhancing liquidity. Investors can now withdraw up to ₹1 lakh on the same day.

Indian citizens can now make payments in the UAE using the UPI app, just as they do in India. The amount will be directly deducted from their bank account in India, allowing both Indian citizens and NRIs to shop in the UAE with ease using Rupees via UPI.

Keeping the security aspect in mind, we have decided not to issue QR codes along with the power bills, say officials

Will have positive impact on archipelago nation's tourism sector, says External Affairs Minister S Jaishankar

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spending via UPI has reached ₹10,000 crore per month. He also noted that credit lines on UPI accounts have reached around ₹100-₹200 crore, with the remainder coming from the RuPay credit card on the UPI platform.

Police, who have launched an investigation into the incident, said the attackers were believed to have carried out a recce for three days before the attack.

Reporting within 1 to 3 hours increases chances of recovering lost money

NPCI International Payments Limited partners with Network International, a large digital commerce company in Middle East and Africa for this

On March 14, NPCI approved a third party application (TPAP) provider permit for Paytm in collaboration with SBI, Axis Bank, Yes Bank and HDFC bank for continuity of UPI transactions for the company's users.

Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.

DPIs Impacting 97% of India's Population, Benefitting 1.3 Billion Citizens with Mass Adoption and Economic Impact