Unified Payments Interface
UPI transactions in July hit an all-time high | Mint Primer | Mint
India's UPI achieves a remarkable milestone, recording ₹15.34 lakh crore in transactions, reflecting a 44% YoY growth. July saw 9.96 billion transactions, indicating a 58% YoY rise, showcasing UPI's integral role in daily Indian transactions. UPI's influence extends internationally, with its adoption planned in France, enabling Indian tourists to make rupee payments. This surge cements UPI's global potential, revolutionizing digital transactions beyond borders, fueled by its seamless integration and widespread acceptance.
14 Aug 2023UPI to enter North America, other Middle-Eastern countries soon | Mint Primer | Mint
NPCI's UPI (Unified Payments Interface) is set to revolutionize global digital payments with its expansion into international markets. After successful launches in Singapore and France, UPI plans to enter North America and Middle-Eastern countries. The focus will be on countries significant to Indians traveling abroad or with large Indian diaspora. NPCI International Payments Ltd (NIPL), a subsidiary of NPCI, is spearheading the global partnerships to deploy UPI and RuPay outside of India, enabling cross-border transactions and merchant payments. With growing global acceptance, UPI is poised to accelerate the growth of digital transactions worldwide.
31 Jul 2023The crisis has pushed card payments to shift to UPI: Ashneer Grover
The total number of merchants on the BharatPe platform will increase from 4 mn to 6 mn by the end of this fiscal
3 min read28 Jul 2020Second phase of UPI mechanism for retail investors from 1 July: Sebi
The implementation date was extended till 30 June, 2019 to ensure smooth transition to UPI in Application Supported by Block AmountIn November, Sebi said it would launch UPI as an alternative payment option for retail investors to buy shares in a public issue in a phased manner from 1 Jan, 2019
1 min read28 Jun 2019You don’t need to enter UPI PIN to receive money in your account
In order to transfer or receive using UPI, you need to have activated UPI for your bank accountSome UPI apps also allow you to check if a particular number in your contact book is active on the platform
3 min read4 Jun 2019UPI transactions worth over ₹1 trillion conducted in December
620.17 million UPI transactions worth 102,594.82 crore were conducted in December, as compared to 524.94 million transactions valued at 82,232.21 crore in Novemberan 18% increase in transaction volume
1 min read1 Jan 2019Opinion | Lessons from the past decade on accelerating social impact
If there is one thing that has defined the past 10 years, it has been the growth of technology, especially use of mobiles
3 min read27 Dec 2018UPI transactions in October increases by 19% in volume
The value of UPI transactions in October has increased by 25% from 59,835.36 crore in the previous month to 74,978.27 crore
2 min read2 Nov 2018Why India lags peers in digital payments
The recent Supreme Court ruling on Aadhaar and the lack of infrastructure, such as point-of-sale terminals, may stall the growth of digital payments
2 min read23 Oct 2018Razorpay to go the UPI way in e-commerce push
Razorpay Software will introduce UPI 2.0 on its platform in a phased manner over the next two months, with an eye on large merchants in the e-commerce segment
2 min read19 Oct 2018Wait for it…
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