Unified Payment Interface (upi)

Unified Payments Interface (UPI) will now allow users to authenticate transactions using face or fingerprint recognition, making payments faster and more secure with initial Rs 5,000 transaction limit.

Vault Matters | An alternative to NPCI is needed, but is tough to create 

A series of transaction failures which have affected the QR-based payments system in the recent times indicates that there is scope for further fine-tuning at the back end. But what exactly is the viable solution is the question

RBI monetary policy: UPI 123Pay, UPI Lite limits raised, here's is how it will benefit you

For UPI 123Pay, the per-transaction limit has been raised to Rs 10,000 and UPI Lite users can now conduct up to Rs 1,000 worth of transactions without the PIN

BOBCARD’s EMI option on RuPay-UPI cards: Should you opt for this facility for festive spends?

EMI on UPI Payment: Ahead of the festival season, BoBCARD has rolled out a facility that allows users to apply for EMI directly through any UPI app on their linked RuPay credit card. However, be mindful of the interest charges when opting for this facility

Google Pay UPI Circle: A step-by-step guide to add family members, make payments

The feature allows two individuals to use one bank account to make UPI payments. It aims to support those who currently rely on others for executing payment transactions.

India to integrate UPI with Malaysia's PayNet, says PM Modi

India and Malaysia on August 20 elevated their ties to a comprehensive strategic partnership after PM Modi and his Malaysian counterpart Anwar Ibrahim held extensive talks

UAE supermarket introduces UPI payments across outlets countrywide

The inaugural transaction using UPI at the Al Maya Supermarket was conducted in the presence of the Deputy Consul General of India in Dubai, Yatin Patel.

RuPay takes pole position in debit cards; PhonePe, GPay lead in UPI transactions: Report

According to a report by Fibonacci X, a venture platform, India’s RuPay network holds 69 percent of the debit card market as of CY23, while UPI transaction volumes grew 6.5 times between 2020 and 2023

Credit on UPI: Convenient loans at your fingertips, but watch for pitfalls

Despite the long list of advantages, uptake of ‘credit on UPI’ remains low due to a lack of enthusiastic participation by banks, which prefer more profitable credit cards.

UPI breaks record with 14.04 billion transactions in May, sees 49% year-on-year growth

In May, the average daily transaction amount was Rs 65,966 crore, with an average daily transaction count of 453 million, reflecting a 49% year-on-year growth.

RBI governor meets UPI ecosystem stakeholders to discuss strategies to expand UPI's reach

The stakeholders shared inputs including strategies for scaling up of UPI infrastructure and expanding products portfolio, challenges and ideas to integrate potential users into the digital payments ecosystem

India launches UPI in Mauritius, Sri Lanka

As part of this launch, Indian nationals conducted first UPI transaction in Sri Lanka and Mauritius

What’s Paytm value after price correction?

There is a long a list of concerns that makes the fintech stock a clear avoid at this juncture

UPI transactions touches Rs 18.41 lakh crore in January, shows NPCI data

Earlier today, NPCI International Payments Limited (NIPL) announced partnership with Lyra, a French leader in securing e-commerce and proximity payments, to accept Unified Payments Interface (UPI) payment mechanism in France starting with the iconic Eiffel Tower.

Credit on UPI: Here’s how it works, and its benefits

Incorporating a credit line with one’s UPI app eliminates the need to carry multiple credit cards. It will be interesting to see if the banks offer reward points and other benefits typically offered to credit card holders.

Around 15,000 transactions per day taking place in retail CBDC, says RBI DG

Additionally, Sankar said the central bank is now only focusing on the self-regulations for the Fintech sector

How to use QR codes and UPI AutoPay to make recurring payments

With UPI AutoPay on QR codes, merchants gain a steady, frictionless way to receive regular payments. This is a two-step process that takes under 30 seconds.

Netherlands PM enjoys masala chai on Bengaluru's Church Street, pays through UPI

"UPI looks very simple and easy. It was fascinating to go through experience once," Mark Rutte told reporters. Interestingly, the Indian government had showcased UPI to the G20 delegates as well.

In Pics: India’s UPI soon to be used in France; here’s all you need to know

Prime Minister Narendra Modi on July 13 announced that India and France have agreed to use Unified Payments Interface (UPI) payment mechanism and it will begin from the iconic Eiffel Tower.

RBI trying to target interoperability of CBDC with UPI: Dy governor Rabi Sankar

Sankar was speaking at the Moneycontrol Startup Conclave.

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.

Personal Finance | UPI or cards: Which should you use?

As cash gets trashed and digital transactions gain prominence, consumers are debating whether to use UPI or cards

Keeping UPI free is becoming an expensive affair

UPI’s runaway popularity is making it an expensive digital public good. The government has said it will remain free, but for how long?

Why SBI Cards is an 'avoid' despite strong earnings

Past perfect, present tense and future is highly uncertain for SBI Cards

Concentration risk should not spoil India’s UPI party

There is a peculiar problem of concentration that is emerging in the UPI ecosystem. Walmart-owned PhonePe and Google’s GPay currently dominate the market of third-party UPI apps