Upi Payments

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UPI raises daily P2M payment limit to Rs 10 lakh from September 15: High-value payment for insurance, investment unlocked

NPCI has raised the Person-to-Merchant (P2M) UPI transaction limits to Rs 5 lakh per transaction from September 15. with specific daily limits for categories such as insurance, capital markets and travel at Rs 10 lakh.

Making UPI payments with your credit card: What you need to know

You can now link your RuPay credit card to UPI apps for seamless merchant payments, but debit cards still function only as bank account gateways, not standalone UPI payment methods.

Mobile payments register 30% jump in value to Rs 200 lakh crore in H2 2024: Report

Deployment of UPI QR codes, which are used to make payments, rose to 63.34 crore at the end of December 2024, the report revealed

Attention!! New Rules from 1st March 2025: Know How it will Affect Your Pocket

The start of March will bring about several significant changes that will affect numerous aspects of daily life. Updates to the regulations about nominations, LPG cylinder prices, FD rates, UPI payments these are among the modifications that will take effect on March 1, 2025. Here's a breakdown of the key changes. Watch here

PhonePe launches credit line on UPI

This development follows the Reserve Bank of India's (RBI) recent decision to expand the scope of UPI to include pre-approved credit lines, called ‘Credit Line on UPI’. The feature allows consumers to access credit through banks and use it via UPI apps.

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.

Zomato revives lending ambitions, in talks with multiple NBFCs to give merchant loans

In February, the food aggregator roped in Akshay Gautam from Indifi Technologies, its previous lending partner, as Assistant Vice President (AVP) to lead the initiative.

PhonePe Joins Hands With LankaPay To Enable UPI Payments In Sri Lanka

PhonePe on May 15, announced a partnership with LankaPay to allow its users to pay using Unified Payments Interface (UPI) across Sri Lanka. At an event to mark the collaboration, PhonePe said its app users travelling to Sri Lanka can make payments using UPI across LankaPay QR merchants. The transactions will be facilitated by the UPI and LankaPay National Payment Network.

PhonePe partners with LankaPay; enables UPI payments for users travelling to Sri Lanka

The transactions will be facilitated by the Unified Payments Interface (UPI) and LankaPay National Payment Network.

ICICI Bank enables UPI payments in India for NRI customers

According to the bank, this will significantly enhance convenience of making everyday payments.

Paytm, Axis Bank to submit TPAP application for UPI business with NPCI this week

Paytm is also in discussions with several other banks, including Yes Bank, HDFC Bank, ICICI Bank, and Canara Bank; however, none of the discussions have concluded yet.

Thanks to digital platforms in India, news on India’s progress is reaching the world: Anurag Thakur

Anurag Thakur, Minister of Information and Broadcasting of India spoke at length on the growth of technology and evolution of journalism in India at the Storyboard18 DNPA Conclave and Awards 2024.

India & Sri Lanka discuss early launch of UPI payment system

In July 2023, Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghe signed an agreement on Unified Payments Interface (UPI) acceptance in Sri Lanka during Wickremesinghe's two-day visit to India.

Automatic payment limit via UPI raised to Rs 1 lakh: RBI

An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das, while unveiling the December bi-monthly monetary policy last week.

UPI aims for 2 billion transactions a day by 2030, credit to spur next growth wave: NPCI CEO Dilip Asbe

Asbe said that UPI's next big goal will be to process 100 billion transactions per month. His comments came a few days after UPI crossed the milestone of processing over 10 billion transactions in the month of August.

India’s UPI enters France: Who stands to benefit and what’s ahead

While UPI going global will accelerate cross-border transactions in a faster and easier way, experts also say that adoption of UPI globally will further accelerate the growth of fintechs and their penetration globally

Making UPI payments via RuPay credit cards: Is it worth it?

RuPay credit cards issued by banks which can be linked to the UPI facility offer benefits across categories, including travel, shopping and fuel. But such convenience comes with the risk of overspending, which can lead to high credit card dues.

UPI to account for 90% of retail digital transactions in next five years: RBI Bulletin

UPI transactions in May 2023 reached Rs 14.3 trillion in terms of value and 9.41 billion in volume

How Meta’s global team derailed WhatsApp India's payment ambitions

With over 600 million monthly active users and 500 million daily active users, WhatsApp had a golden opportunity to take the UPI crown from PhonePe. It was WhatsApp's game to lose, and the instant messaging platform lost it. And how.

Razorpay partners with Axis Bank, NPCI to launch Turbo UPI

Razorpay claims that Turbo UPI can help businesses achieve a significant increase in the success rate of UPI payments by up to 10 percent.

MC Explainer: What is the QR code-based EMI facility for UPI payments

Customers can pay for amounts above Rs 10,000 in three, six, or nine monthly instalments

Bank transactions through UPI continues to be free for customers and merchants: NPCI

NPCI issues clarification after several citizens took to social media and incorrectly said that UPI is chargeable

Daily UPI transactions jump 50% to 36 crore: RBI governor

In value terms, these transactions are worth Rs 6.27 lakh crore, registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022, RBI governor Shaktikanta Das said.

India has signed MoUs with 13 countries to integrate with UPI: Ashwini Vaishnaw

Speaking to the press on the sidelines of the G20 digital economy working group meeting in Lucknow, Union Minister Ashwini Vaishnaw said that Singapore had already completed its UPI integration.