Bhim Upi

UPI market share will balance out, but it will take more time than we initially envisaged: NPCI CEO Dilip Asbe

In an interview with Moneycontrol, Asbe said BHIM will become a formidable app in a couple of years, ruling out any conflict with other UPI apps. He further said that small merchants are not ready for MDR yet.

NPCI incorporates NPCI BHIM Services as a wholly-owned subsidiary

This development aims to meet the growing demand for digital transactions and evolving market expectations while keeping pace with innovation and rapidly shifting customer preferences, NPCI said

Budget 2024: Fintechs pin hopes on continued subsidy for UPI transactions

For 2023, the government had earmarked Rs 1,500 crore (provisional) for the promotion of digital payments. The industry expects the provisional outlay to be revised to a higher amount with the momentum of UPI transactions picking up.

Proxgy to launch Kadi, a smartwatch for street vendors, for UPI payments

Priced at Rs 1,000, this smart watch does not need USB charging and provides health reporting and insurance starting at Rs 1 per day

‘Our objective is to be neutral, push for consensus and take everybody along’: G20 Sherpa Amitabh Kant

If countries like China and Russia are left out in the consensus making process, there will be no solution to global debt, Kant said

SBI, ICICI bank, 2 more banks to facilitate money transfer through UPI-PayNow link

More banks will included in linkage over time, RBI said.

India, Singapore to launch cross-border linkage between UPI and PayNow today

Union Minister Ashwini Vaishnaw, on February 13, said that India has signed memoranda of understanding (MoUs) with 13 countries that want to adopt the Unified Payments Interface (UPI) for digital payments.

Govt notifies incentives for promoting PoS, e-commerce transactions using Rupay, BHIM

The government has announced the scheme to incentivise the acquiring banks by way of paying a percentage of value of RuPay debit cards transactions and low-value BHIM-UPI transactions up to Rs 2,000 (Person-to-Merchant- P2M) for the financial year 2022-23, with effect from April 1, 2022.

How to make UPI payments using credit card?

How to benefit from UPI AutoPay feature

Move over Bitcoin, here comes UPI, the next big investment idea

Investment exposure to the Indian digital payment ecosystem requires investing in US stocks

Nepal adopts India's UPI for digital transactions

"Many countries praised the CoWin app, which was created for vaccination during the first COVID period and Nepal has now adopted India’s UPI for digital transactions. It will bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions,” the article said.

Cabinet approves incentive scheme of Rs 1300 crore for digital transactions through RuPay Debit Card, BHIM UPI

Cabinet Meet : The cabinet also cleared the production-linked incentive scheme (PLI) for semiconductors. The scheme envisages an investment of Rs 76,000 crore.

BHIM UPI to be launched in Bhutan as NPCI's overseas arm joins hands with RMA

Bhutan's Royal Monetary Authority (RMA) will ensure that the participating NPCI mobile application through UPI QR transactions is accepted at all RMA acquired merchants in Bhutan. This new collaboration would help over 200,000 tourists from India who travel to Bhutan each year.

Annual budgetary support of Rs 2,500 crore needed to support cashless payments via BHIM-UPI: Report

Observing that consumers have to often pay convenience fee on payments made through digital mode, the report said, "RBI should refrain from creating an environment where, for pull payments initiated by merchants (effected by acquirer banks/payment aggregators (PAs) on behalf of merchants), the acquirer banks/PAs charge the consumers."