Upi Platform

• 

  Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards

  Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...

• 

  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).

• 

  Swiggy UPI Backed by NPCI Launched in India for Faster Payment Experience: Features

  Swiggy UPI was launched in India on Wednesday. The on-demand food delivery services platform has collaborated with the National Payments Corporation of India (NPCI) to roll out its UPI plug-in solution that aims to improve the payment experience by reducing the number of steps it takes to complete a transaction and making the whole process quicker.

• 

  Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions

  The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months

• 

  India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries

  Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.

• 

  JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services

  JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...

• 

  Bitget, Alchemy Pay Partner to Allow Crypto Purchasing via Indian Rupee and UPI

  Bitget crypto exchange and Alchemy Pay have entered a collaboration. The aim is to make crypto buying on international exchanges more accessible in India while also diversifying the number of platforms to do so for the nationals.

• 

  WhatsApp Reportedly Testing International Payments via UPI for Indian Users

  WhatsApp could be working on enabling international payments via its in-app Unified Payments Interface (UPI) service, as per a new leak. WhatsApp Payments or WhatsApp Pay was first introduced for Indian users as an in-app service in November 2020. The platform’s entry into the payments sector was considered delayed as rival platforms were already...

• 

  India Sign Pact To Interlink UPI With UAE's Instant Payment Platform

  Multiple memoranda of understanding, including an MoU on interlinking of the instant payment platforms - UPI and UAE's AANI, were exchanged between India and the United Arab Emirates.

• 

  [Update] Several Users Face UPI Transaction Failures as Few Banks Hit by Technical Glitch

  Several users took to X (formerly Twitter) to claim that UPI transactions were not going through. In a tweet, the National Payments Corporation of India or NPCI, confirmed that some banks had been hit by an outage, causing UPI transaction failures. 

• 

  Google Pay Said to Begin Collecting Convenience Fee on Mobile Recharge Transactions

  Google Pay has begun charging a convenience fee when users purchase a mobile recharge plan, according to user reports online. The company appears to have joined rival payment platforms Paytm and PhonePe that previously introduced a convenience fee when users make prepaid recharge payments. Google Pay has reportedly begun to charge up to Rs. 3 in co...

• 

  JioPhone Prima 4G Feature Phone With JioPay UPI Launched in India: Price, Specifications

  JioPhone Prima 4G feature phone was launched in India on Wednesday (November 8). The new device has a bar form factor and features a 2.4-inch display. The JioPhone Prima 4G runs on the KaiOS platform and supports popular apps including WhatsApp, YouTube, Google Assistant and Facebook among other Jio apps.

• 

  You Can Now Make Voice-Enabled UPI Payments. Here's How

  The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions.

• 

  Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August

  Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

• 

  UPI Transactions In India Cross 10 Billion Mark For First Time In August

  India's robust online payments platform, unified payments interface (UPI) achieved a remarkable milestone by crossing 10 billion transactions in a month. The total number of UPI transactions reached an all-time high of 10.58 billion in August.