Unified Payments Interface (UPI)
- Business
MobiKwik unveils ‘Pocket UPI’ for payments without linking bank account
New Delhi: Fintech company MobiKwik on Monday introduced a new feature called ‘Pocket UPI’ that enables users to make UPI payments through MobiKwik Wallet without linking their bank account. The company said…
- Business
DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030
New Delhi: Digital Public Infrastructure (DPIs) like Unified Payments Interface (UPI) and Aadhaar are poised to propel India towards a $8 trillion economy by 2030, helping the country achieve a $1 trillion…
- News
India & Sri Lanka discuss early launch of UPI payment system
Colombo: Six months after it was announced by the prime ministers of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support…
- News
Transactions via UPI cross 100 bn mark in 2023: NPCI
New Delhi: Transactions via the unified payments interface (UPI) platform surpassed the 100 billion-mark in 2023 to close at around 118 billion, representing 60 per cent growth as compared to 74 billion…
- Business
Bank of Baroda enables UPI ATM facility at over 6,000 ATMs across country
New Delhi: State-owned Bank of Baroda (BoB) on Friday announced that it has enabled the UPI ATM facility at over 6,000 ATMs across the country. It is the first public sector bank…
- Technology
BharatPe launches new Android PoS machine for merchants
New Delhi: Fintech major BharatPe on Friday launched its new Android point of sale (PoS) terminal called BharatPeSwipe Android that offers multiple modes for digital payment acceptance, including debit/credit cards, UPI, mobile…
- India
Paytm enables digital donations at Kedarnath temple via Paytm QR
New Delhi: One97 Communications Ltd (OCL), that owns leading digital payments brand Paytm, on Wednesday enabled devotees visiting the Kedarnath shrine to make donations using Paytm UPI or Wallet by scanning Paytm…
- Business
UPI dominates as India records 88 bn payment transactions, valued at Rs 150 tn in 2022.
New Delhi: Led by Unified payments interface (UPI), payment modes like debit and credit cards, prepaid payment instruments – mobile and prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion in…
- India
Do customers have to pay transaction fees for UPI payments?
The National Payments Corporation of India (NPCI) has announced that beginning April 1, an interchange charge of up to 1.1% would be levied on merchant UPI (Unified Payments Interface) transactions. According to…
- Business
SBI allows Bhim-based real-time payment with Singapore
Mumbai: A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online…
- World
Singapore residents can now transfer money to India through UPI
Singapore residents can now transfer money to India through the Unified Payments Interface (UPI) starting today. This move is expected to ease the money transfer process for Singaporean residents who have family…
- Business
UPI processes record 7.3 bn transactions in October
New Delhi: The Unified Payments Interface (UPI) platform processed 7.3 billion transactions in the month of October, a record high as India witnessed a bumper festive season. According to the National Payments…
- Technology
Pressure from RBI forced us to halt crypto trading in India: Coinbase CEO
New Delhi: Top cryptocurrency exchange Coinbase quit India operations owing to “informal pressure” from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The US-based…
