Unified Payments Interface (upi)

But applying for EMIs through UPI applications can lead you to overspend. Frequent enhancement of the credit limit on a card using UPI applications can lower your credit score. We dissect what it all means for cardholders.

‘Ahlan Modi’: PM highlights UPI, temple & bonhomie with ‘brother’ MBZ in address to diaspora

"In 2015, when I presented to him (Shaykh Mohammed bin Zayed Al Nahyan) the proposal to build a temple in Abu Dhabi on behalf of all of you, he immediately said 'yes'. Now, the time has come to inaugurate this temple," Modi said

India's lending boom must take the next logical step through UPI

Even as it grows, credit can still become safer if UPI spreads access to a wider group of borrowers and draws in more lenders. With broader access to credit, private consumption, which is expanding 3 percentage points slower than the economy’s overall 7%-plus growth rate, could become more stable

Autorickshaw driver praises UPI in viral video, claims it helps save money: 'Life changing facility'

Shared on X by a dentist named Gautam Govitrikar, the video featured an autorickshaw driver talking in Marathi. According to Govitrikar, the man described UPI as 'a life changing facility.'

UPI adds another billion transactions to reach 11-billion mark in two months: RBI Bulletin

The Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months, the quickest addition of a billion, to date, said RBI Bulletin.

RBI Bulletin: UPI was most favoured mode of payment systems in July 2023

UPI was followed by credit cards, which comprised 31 percent of payments made in July 2023

3 RBI announcements that will turbocharge UPI, UPI Lite

Conversational Payments on UPI, raising UPI Lite payment limit and offline transactions through UP Lite have the potential to usher in the next era of the digital payments in India

Agreement reached for using India's UPI in France: PM Modi

Addressing the Indian community at the La Seine Musicale, a performing arts centre on an island in river Seine, PM Modi said very soon Indian tourists will be able to make rupee payments using UPI from atop the Eiffel Tower.

MC Explains: How to withdraw cash from any ATM using your mobile phone

For long, banks have allowed you to withdraw money from other banks’ ATMs using your debit card. Now, you can do so with just your mobile phone, using the interoperable cardless cash withdrawal facility. Here’s what it means.

Why credit cards on UPI is a game changer

Integrating credit cards with UPI will increase the usage of cards at smaller outlets, helping one manage one’s cash flow without breaking the bank.

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

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

NPCI collaborates with Worldline to support UPI, RuPay payments in Europe

The tie-up is aimed at mitigating the "risk of excluding or limiting Indian customers from safely using electronic payments in the EU", Worldline Deputy CEO said.

Charges on UPI services not under consideration, clarifies government

The clarification came amid speculations that UPI transactions could be charged, as a discussion paper released by the Reserve Bank of India (RBI) on August 17 sought feedback related to the subject.

Harnessing UPI: How data can revolutionise the housing sector

Digital payment platforms offer a unique opportunity for companies to address a huge underserved market by leveraging data to create profiles of customers, reducing finance and transactional costs and passing on benefits to the bottom of the pyramid

Start-up Street: The future holds a tsunami of innovations in digital banking

India is on the cusp of being able to create open global standards that will transform the delivery of financial services

Paytm IPO: Priced at sky-high valuation, should investors subscribe?

In its aim to be India's super-app, Paytm has added many business lines that may augment revenues in the future, but each one comes with a lot of uncertainty.

Transactions of Rs 1,500 cr on BHIM app so far: Ravi Shankar Prasad

Responding to a mention made by SP member Jaya Bachchan during the Zero Hour in the House, Prasad also said more than 2 crore people have been trained by common service centres on digital payements.

Rajan cautions public against frauds in RBI's name at UPI launch

"Let me emphasise that Reserve Bank never sends out e-mails asking for payments. We have about USD 360 billion worth of foreign exchange reserves and we also have about Rs 8 lakh crore of government bonds. We really don't need your money," Rajan said at the launch of Unified Payments Interface (UPI) system.

RBI to launch Unified Payment Interface on April 11

The Reserve Bank of India (RBI) April 11 will launch Unified Payment Interface (UPI), which will make money transfer as simple as sending a text message. In the first phase, which will start next week, 29 banks will operate the platform. It will be inter-operable across different banks and will allow instant payments.