Tag: UPI

Many countries drawn to India’s UPI: PM Modi in ‘Mann Ki Baat’ address

Addressing the 98th Edition of 'Mann Ki Baat' radio programme, PM Modi remarked that the UPI system and e-Sanjeevani App are shining example of the power of Digital India.

February 26, 2023

Paytm Payments Bank supports UPI market cap, maintains leadership as PSP & Issuer Bank

Paytm Payments Bank Limited (PPBL) on Wednesday said it supports and welcomes the proposed implementation of the National Payments Council of India's (NPCI) UPI market cap.

November 23, 2022

PhonePe first player to enable UPI activation with Aadhaar

Leading fintech platform PhonePe on Wednesday announced it has enabled UPI activation using Aadhaar-based OTP authentication.

November 9, 2022

India business leaders hails Govt’s initiatives after meeting with FM in Washington

After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay.

October 16, 2022

PhonePe enables Online Dispute Resolution (ODR) platform for UPI

India's leading FinTech platform PhonePe on Friday announced the enablement of the UPI Unified Dispute and Issue Resolution (UDIR) system. This has led to a significant improvement in the dispute resolution time on PhonePe.

October 14, 2022

NPCI, Worldline enters into partnership to facilitate UPI payments in Europe

European payments services provider Worldline and NPCI International Payments Ltd (NPIL) have entered into a partnership in a move to expand the acceptance of Indian payment means across Europe.

October 12, 2022

India processed 20.57 bn online transactions valued at Rs 36.08 tn: Report

In the second quarter (Q2), India processed 20.57 billion online transactions valued at Rs 36.08 trillion this year, according to a report released by Wordline India, on Tuesday.

October 4, 2022

TerraPay and NPCI International join hands for merchant payments via UPI QR codes

In a strategic move to further strengthen its cross-border payment solutions, TerraPay, a leading global payments infrastructure group today announced its partnership with NPCI International Payments Limited (NIPL), the International arm of the National Payments Corporation of India (NPCI).

September 22, 2022

India’s payment corporation taking the UPI platform global: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday while addressing the Global Fintech Fest in Mumbai said that India has led the way towards an inclusive financial world through digital payments.

September 20, 2022

No charges on UPI transactions clarifies Finance Ministry

Clarification came after media reports claimed RBI titled "Discussion Paper on Charges in Payment System" has discussion of service charge on UPI transactions.

August 22, 2022

4 high-tech cyber criminals with Chinese links held: Delhi Police

The accused used to get the cheated money in different bank accounts through UPI and then convert it into crypto currency by purchasing USDT.

July 3, 2022

PM lauds IIP for using data sonification to tell the story of UPI

The Prime Minister Narendra Modi has appreciated the India in Pixels (IIP) for conveying the point of digital payments and UPI through the sound of money transacted through data sonification. In response to a tweet by India in Pixels, the Prime Minister said, “I have spoken about UPI and Digital Payments quite often but I...

April 13, 2022

Google Pay launches Tap to Pay for UPI, in collaboration with Pine Labs

Google Pay in collaboration with Pine Labs on Wednesday announced the launch of Tap to Pay for UPI - a functionality that aims to bring the seamless convenience of Tap to Pay to UPI.

March 30, 2022

President lauds ‘Digital India’ initiative, says Centre working on developing 5G

On the first day of the Budget Session of Parliament, the President addressed the joint sitting and said, "I would also appreciate the vision of the government for the success of the country's UPI platform in the context of Digital India and the growing spread of the digital economy. In December 2021, more than eight lakh crore rupees have been transacted through UPI in the country."

January 31, 2022

IRCTC plan to reduce charges on e-bookings

A convenience fee of Rs 10 for non-AC passengers will be charged on per ticket basis.

November 1, 2019

UPI-based e-wallets to face road-bump

NPCI decision to put a cap on the UPI market share of digital payment companies directly impacts UPI-only players such as Walmart's Phonepe, Google Pay and upcoming Whatsapp Pay. Interestingly, Paytm is the only major player which is still backing its wallet success and cards besides UPI.

September 10, 2019

Digital payments annual growth at 12.7 per cent in India: KPMG

A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants adopting digital payments with close to 1.5 million digital payment acceptance locations in 2016-17. 

August 29, 2019