"upi"

In April, the RBI proposed to expand the scope of the UPI by enabling transfer to/from pre-sanctioned credit lines at banks

State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency

The National Payments Corporation of India (NPCI) confirmed on Thursday that the monthly transaction count on UPI has surpassed 10.24 billion, accompanied by a net transaction value of Rs 15.18 trillion.

He made the remarks at the B20 summit here, while noting that India turning into one mega economy is going to be the trend for the next 20 years.

The statistical development of digital payments has increased in India as well as worldwide.

In 2018, the volume of UPI transactions was 374.63 crore, a figure that surged by 1,876 percent to reach 7,403.97 crore in 2022.

Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution

UPI payments system has become hugely popular for retail digital payments in India, and its adoption is increasing at a rapid pace

Reserve Bank of India on Thursday proposed to introduce and enable UPI-based payments through AI-powered conversations

Sri Lanka is considering the possibility of allowing the usage of the Indian rupee for local transactions just like the dollar

Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network

Google's payment app Google Pay on Thursday introduced UPI LITE on its platform to ease small digital transactions

This groundbreaking initiative, said to be a first in the State, aims to simplify the tax payment process and alleviate the burden on taxpayers.

Users can link their RuPay credit card with Google Pay to make payments at both online and offline merchants where RuPay credit cards are accepted.

Regulation must have a bias towards financial innovations for general prosperity

The NPCI proposal was aimed at increasing revenue for banks and payment service providers, who have been struggling with the high cost of UPI transactions

Contrary to the initial apprehensions, common people have ceaselessly embraced the digital payment system

It will enable faster real-time transactions with a single click through Paytm. With UPI LITE, the Bank aims to drive the adoption of digital payments across the country.

People in India are widely using UPIs (Unified Payments Interface) for sending and receiving money, making bill payments, and merchant transactions. Introduced in 2016 by the National Payments Corporation of India (NPCI), the UPI has made life easier than ever before by making instant payments available around the clock. 

There was a growth of 25 per cent and 14 per cent in value and volume, respectively, in assisted financial transactions across semi-urban and rural retail counters in the country in 2022,