UPI recognized as the World’s Largest Real-Time Payment System by IMF in 2025. Learn about India’s digital payment growth, financial inclusion, merchant adoption, and global fintech leadership. UPI Recognized by IMF as World’s Largest Real-Time Payment System What the IMF Found and UPI’s Global Ranking According to the June 2025 report by International Monetary Fund…
UPI transactions surged in November 2025 with over 19 billion transactions worth ₹24.58 lakh crore, highlighting digital payment growth and India’s cashless economy. UPI Transactions Surge 23% in November 2025 — Digital Payments Chart New High Record Growth in UPI Usage India’s flagship digital payment system, Unified Payments Interface (UPI), saw a robust surge in…
NPCI International BENEFIT partnership connects India’s UPI with Bahrain’s Fawri+ to enable real-time cross-border payments and strengthen digital remittance infrastructure between India and Bahrain. NPCI International Teams Up with BENEFIT to Enable Cross-Border Payments In a significant development in the digital payments ecosystem, NPCI International Payments Limited (NIPL) — the international arm of National Payments…
RBI Payments Regulatory Board 2025 established to regulate Indian payment systems, replacing BPSS. Learn about members, functions, and importance for government exams. RBI Establishes Payments Regulatory Board to Oversee India’s Payment Systems On September 30, 2025, the Reserve Bank of India (RBI) constituted a six-member Payments Regulatory Board (PRB) to regulate and supervise the country’s…
UPI daily P2M limit increased to ₹10 lakh by NPCI from September 15, 2025. Learn about high-value UPI transactions, sectors covered, and exam-relevant details for banking and government exams. UPI Increases Daily P2M Limit to ₹10 Lakh: A Game-Changer for High-Value Digital Transactions Introduction to the New UPI Transaction Limits The National Payments Corporation of…
Global UPI services via bob इ Pay app by Bank of Baroda enable cross-border payments in 8 countries for NRIs and residents, supporting instant digital transactions. Bank of Baroda Introduces Global UPI Services via bob इ Pay App Introduction Bank of Baroda has significantly enhanced its digital banking services by introducing international Unified Payments Interface…
NACH 3.0 by NPCI introduces faster and more secure recurring transactions like salary credits, EMIs, and SIPs. Learn its key features, benefits, and exam-relevant details. NPCI Launches NACH 3.0 to Enable Faster Salary, EMI, and SIP Transactions The National Payments Corporation of India (NPCI) has begun rolling out NACH 3.0, a significant upgrade to the National Automated…
RBI Allows Small Finance Banks to Offer Credit via UPI Introduction: In a groundbreaking move, the Reserve Bank of India (RBI) has allowed Small Finance Banks (SFBs) to offer credit via the Unified Payments Interface (UPI). This decision aims to bolster financial inclusion and promote seamless credit access across the country. Small Finance Banks, traditionally…
RBI Hikes UPI Limit for Tax Payments to ₹5 Lakh per Transaction Introduction to RBI’s UPI Limit Increase The Reserve Bank of India (RBI) recently announced a significant change that impacts millions of taxpayers across the country. In a move aimed at simplifying and streamlining the process of tax payments, the RBI has increased the…
