Unified Payment Interface

• 

  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).

• 

  RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI

  The Reserve Bank on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through 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.

• 

  The Benefits Of Using UPI Wallets For Hassle-Free Transactions

  The Unified Payments Interface (UPI) has transformed how people handle payments in India. It has made digital transactions as easy as tapping your smartphone.

• 

  Paytm Gets Approval from NPCI to Enroll New UPI Users

  Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.

• 

  Paytm Gets Approval From Payments Authority To Enroll New UPI Users

  The Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for financial services firm after a central bank-ordered ban on its banking unit.

• 

  Maldives President Mohamed Muizzu To Introduce UPI In Maldives

  The President of Maldives, Mohamed Muizzu, decided to take the necessary steps to introduce the Unified Payment Interface (UPI) in the island nation, following the recommendation of the Cabinet on Sunday.

• 

  UPI Transaction Limit Increased To Rs 5 Lakh For These Payments

  The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.

• 

  UPI Circle Feature With Access to Secondary User Payments Rolled Out in India by NPCI

  UPI Circle, the latest innovation in Unified Payments Interface (UPI) was rolled out by the National Payments Corporation of India (NPCI) last week. The feature allows UPI users to enable trusted people by letting them have access to their accounts. This way, those even without a UPI account can make transactions with the payment instrument.

• 

  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).

• 

  Google Pay Announces UPI Circle, UPI Vouchers and More Features at Global Fintech Fest 2024

  Google Pay, the Unified Prepaid Interface (UPI) payments app, announced new features at the Global Fintech Fest (GFF) 2024. The company said that these new features, which will be rolled out later this year, will make it easier for users to make payments and transact through the app. Some of the features announced at the GFF include UPI Circle, UPI...

• 

  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...

• 

  UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI

  UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...

• 

  UPI Adding Up To 60 Lakh New Users Every Month, Global Adoption Surges

  The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month.