How should you safeguard your transactions? 5 UPI suggestions for risk-free online payments
Cybercriminals may result in substantial financial losses. Here are five security guidelines to keep in mind while using UPI to make online payments.
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NRIs can now set up UPI on their international mobile numbers: List of supported countries
Non-Resident Indians (NRI) will now be able to use their international mobile numbers to access the Unified Payments Interface (UPI).
RBI will add new UPI payment features that permit multiple debits
The new UPI feature is anticipated to make investing in securities and making payments for online purchases easier.
RBI raises the key lending rate by 35 basis points and projects 6.8% GDP growth
After the Monetary Policy Committee meeting, the Governor of the RBI announced the increase.
NPCI and Worldline collaborates to bring UPI and RuPay services to all of Europe
Customers from India will be able to pay with RuPay and UPI at point-of-sale (POS) terminals in European markets.
Paytm Mall’s operations to be now on ONDC: CEO Vijay Shekhar Sharma
Paytm Mall's operation will now be built on the Open Network for Digital Commerce (ONDC), which will have a greater impact on small enterprises, according to Paytm founder & CEO Vijay Shekhar Sharma.
PM Modi praises ‘India in Pixels’ for creating UPI tune using Data Sonification
Prime Minister Narendra Modi on Wednesday discussed about UPI and digital payments and praised a content publisher 'India in Pixels' praising the melody created through the data sonification process for the amount of transactions done through UPI.
SEBI raises public debt investment limit via UPI to Rs 5 lakh
The SEBI raised the public debt investment limit for transactions through the UPI system to 5 lakh from 2 lakh.
India’s UPI platform to be used in Nepal
Nepal's last-mile consumers can do real-time person-2-person, person-2-merchant and interbank transactions. It allows Nepal to go cashless with cross-border transactions between India and Nepal.
UPI is the single largest retail payment system in India: Economic Survey 2022
In December, the NPCI registered 4.56 billion transfers amounting to Rs 8.27 trillion.
Cash circulation increased by 16.7% as compared to cash flow in 2020: RBI data
A recent report by SBI Ecowrap shows that currency in circulation is expected to be lower at about 13.1 per cent of GDP in 2021-22.
Explained: Will UPI payments via feature phones benefit digital payment firms?
"UPI is the single largest retail payment system in the country in terms of volume of transactions (14 crore transactions per day, October 2021)," said RBI in a statement.
IT Minister encourages banks to create digital platform for credit availability
IT Minister Ashwini Vaishnaw encouraged the banking industry to create an innovative digital platform like UPI for providing quick and easy credit.
RBI collaborates with the Monetary Authority of Singapore (MAS) to link its UPI portal with PayNow for instant money transfer
PayNow is the digital peer-to-peer money transfer service that is specially built for retail customers by contributing to Singapore's banks and non-bank financial institutions (NFIs).
What is e-Rupi? Here’s all about India’s new digital payment system
In an official statement of the PMO it was mentioned that since it was prepaid, it assured of timely payment to the service provider without any involvement of an intermediary.
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