Analysts including Morgan Stanley and Citi said that the NPCI’s latest guidelines on interoperability significantly improve the salience of wallets and open avenues for additional […]
Tag: upi
With UPI-PayNow linkage Modi government makes a grab at the India outside India
Whenever Prime Minister Narendra Modi visits a foreign country, especially a developed one, his signature move is to galvanise the non-resident Indians (NRIs) there. Modi […]
In a first for India, Paytm Payments Bank launches UPI LITE feature
Paytm Payments Bank Limited (PPBL) on Wednesday went live with its UPI LITE, a feature enabled by National Payments Corporation of India for multiple small-value […]
Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and […]
Digital economy push offers hope for multiple players: Mastercard
India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, […]
Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions
The Union Cabinet on Wednesday approved promotional incentives for Rupay debit cards and low-value transactions of BHIM (UPI). Incentives worth Rs 2,600 crore have been […]
Here’s what a Paytm report tells us about India’s UPI journey in 2022
With India’s digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 […]
UPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up to INR 5,000 in the […]
UPI transactions see 650% rise at semi-urban, rural stores: Report
The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report […]
India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3
India logged 23.06 billion digital transactions worth Rs 38.3 lakh crore in the third quarter of FY23, stated a report on Monday. These digital transactions […]