Saturday, Dec 03, 2022

Unified Payments Interface


Indian travellers to Europe can now make payments via UPI, here’s how

October 13, 2022 12:17 pm

Earlier this year, NPCI and the UAE-based Mashreq Bank’s NEOPAY entered into a partnership, which allowed tourists and migrants to the UAE with Indian bank accounts to be able to make UPI payments at shops, retail establishments and other merchants in the gulf nation.

India in talks with different countries to make Rupay acceptable in their nation: Nirmala Sitharaman

October 12, 2022 7:59 am

“Not just that, the UPI, the BHIM app, and NCPI are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries,” she said.

Finance Ministry allays worries on UPI charges, says providers may seek ‘other means’

August 22, 2022 9:30 am

Most other modes of digital retail payments attract a charge on transactions. Currently, the government has mandated a “zero-charge framework” for UPI transactions, with effect from January 1, 2020. This translates into charges on UPI for users as well as merchants being nil.

Credit card on UPI: NPCI in talks with banks for pilot

July 28, 2022 2:37 pm

Currently, UPI allows linking of bank accounts by mapping a bank account linked with a mobile numbers. This can be done through third-party apps like Google Pay, Amazon Pay, PhonePe, etc or the apps of banks like SBI, ICICI Bank, Axis Bank, HDFC Bank, etc.

UPI transactions remain above Rs 10 lakh crore in June for second month in a row: NPCI data

July 04, 2022 5:04 pm

The transaction value under Unified Payments Interface (or BHIM UPI) digital payments in June 2022 stood at Rs 10,14,384 crore, down by 2.6 per cent from the previous month, the National Payments Corporation of India (NPCI) data showed.

Explained: How UPI transaction values crossed $1-trillion in 2021-22

April 01, 2022 11:02 am

UPI crossed the $1-trillion mark in transaction values for FY 2021-22 after the payments system crossed 5 billion transactions in a month for the first time in March. A look at the road to a trillion, and what next

RBI launches UPI123Pay that allows UPI payments on feature phones

March 08, 2022 2:07 pm

So far UPI was available only across all smartphones in India but with the latest move, feature phone users will also be allowed to send and receive payments. Additionally, the central bank also launched a 24x7 helpline for digital payments called DigiSaathi.

Roll back zero merchant discount rate on UPI, RuPay debit card payments, Industry body Payments Council of India writes to Finance Ministry

January 23, 2022 3:47 am

🔴 In a communication to the Finance Ministry, the PCI — which is the largest industry body for digital payment aggregators — said it expects a loss of Rs 5,500 crore from UPI and RuPay debit card payments as the MDR is zero.

UPI and QR code payments skyrocket, hit all time high in 2021: Worldline report

December 03, 2021 4:07 pm

UPI has managed to bridge the gap between P2P and P2M transactions.

Covid-19 underscores importance of tools that help alleviate poverty, build resilience

August 01, 2020 9:49 am

WhatsApp head Will Cathcart writes: With courage, ambition, and boundless potential, India can emerge from this pandemic stronger than ever before — a leading democratic digital powerhouse that will lead the world in the 21st century.