"upi"

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,

Though a password is required to unlock a phone or the app, these days it may not be difficult for cybercriminals and thieves, especially if you were using easy-to-guess passwords, to open your phone.

The Reserve Bank of India (RBI) and Singapore's central bank, the Monetary Authority of Singapore (MAS), have been working on linking the United Payments Interface (UPI) and PayNow, a project that is expected to roll out very soon.

PhonePe is the first UPI Third Party Application Provider (TPAP) App to roll out the Aadhaar-based UPI onboarding flow that will now enable several crore Indians to become a part of the UPI ecosystem.

India has made a significant impact on the retail payment systems in the country with various solutions.

UDIR is an automated, single-channel redressal system designed to seamlessly address customer issues and complaints regarding pending transactions and provide speedy dispute resolution online instead of manual file-based processes.

Goyal and Saudi Minister for Energy Prince Abdulaziz bin Salman Al-Saud co-chaired the ministerial meeting of the Committee on Economy and Investments of the council.

Hyderabad: Many do not mind going out without carrying any cash on person. They believe they can just scan and pay through the UPI for all purchases they make. UPI is a convenience and is free. But that might change soon and there might be a fee to pay on UPI transactions. The RBI on […]