Digital Payments In India
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UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
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UPI Payments Hit A Snag: Third Outage In A Month Leaves Users In A Bind
UPI Payments Down Today: UPI experienced a major disruption, affecting digital transactions nationwide. Users reported issues with Google Pay, Paytm, and other platforms, marking the third outage in recent days.
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Digital Frauds, Including In UPI, Have Doubled: Home Ministry To Parliament
Digital frauds including in UPI payments have doubled in the last one year, exposing the growing vulnerability of the country's digital payment ecosystem.
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"UPI, Delivery Apps": American Woman Living In India Lists 10 Things She Wishes US Had
Ms Fischer has discovered several innovative features that she believes would greatly benefit her home country.
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UPI's Share In India's Digital Payments Surged To 83%: RBI Report
The share of the Unified Payments Interface in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR of 74 per cent over the last five years, according a RBI report.
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Paratha For Breakfast, UPI Payment: How Cops Caught Saif Ali Khan Attack Suspect
Undone by a paratha. And the digital payments infrastructure. That was how Shariful Islam Shehzad, the man accused of stabbing Saif Ali Khan six times - in a suspected attempted burglary incident - was tracked down and arrested by Mumbai Police.
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India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
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Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
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UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October
The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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Discover Flipkart Pay: The Ultimate Guide To Seamless Digital Transactions
Are you looking for a feature in Flipkart where you can buy products in Flipkart but can purchase through EMI without any tension? Then we have a solution for your problem start shopping without any tension by buying products through Flipkart
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Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July
Surpassing world's leading digital payments platforms, India's Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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"Daily UPI Transactions In India Equal To European Union Population": PM Modi
Speaking at the Indian Diaspora event in Warsaw on Wednesday, Prime Minister Narendra Modi highlighted the significance of digital transactions by drawing a comparison.
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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
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UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
-
UPI Payments Hit A Snag: Third Outage In A Month Leaves Users In A Bind
UPI Payments Down Today: UPI experienced a major disruption, affecting digital transactions nationwide. Users reported issues with Google Pay, Paytm, and other platforms, marking the third outage in recent days.
-
Digital Frauds, Including In UPI, Have Doubled: Home Ministry To Parliament
Digital frauds including in UPI payments have doubled in the last one year, exposing the growing vulnerability of the country's digital payment ecosystem.
-
"UPI, Delivery Apps": American Woman Living In India Lists 10 Things She Wishes US Had
Ms Fischer has discovered several innovative features that she believes would greatly benefit her home country.
-
UPI's Share In India's Digital Payments Surged To 83%: RBI Report
The share of the Unified Payments Interface in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR of 74 per cent over the last five years, according a RBI report.
-
Paratha For Breakfast, UPI Payment: How Cops Caught Saif Ali Khan Attack Suspect
Undone by a paratha. And the digital payments infrastructure. That was how Shariful Islam Shehzad, the man accused of stabbing Saif Ali Khan six times - in a suspected attempted burglary incident - was tracked down and arrested by Mumbai Police.
-
India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
-
Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
-
UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October
The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
Discover Flipkart Pay: The Ultimate Guide To Seamless Digital Transactions
Are you looking for a feature in Flipkart where you can buy products in Flipkart but can purchase through EMI without any tension? Then we have a solution for your problem start shopping without any tension by buying products through Flipkart
-
Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July
Surpassing world's leading digital payments platforms, India's Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
"Daily UPI Transactions In India Equal To European Union Population": PM Modi
Speaking at the Indian Diaspora event in Warsaw on Wednesday, Prime Minister Narendra Modi highlighted the significance of digital transactions by drawing a comparison.
-
RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
