UPI Transactions Reach Record High in October with ₹23.5 Trillion in Value In a remarkable display of digital financial growth, the Unified Payments Interface (UPI) in India has achieved a significant milestone, recording a staggering transaction value of ₹23.5 trillion in October 2024. This achievement highlights the growing acceptance and reliance on digital payment systems…
UPI Users Can Now Send ₹5 Lakh for Certain Transactions The Unified Payments Interface (UPI), a flagship initiative of the National Payments Corporation of India (NPCI), has now increased the transaction limit for select services, allowing users to send up to ₹5 lakh. This is a significant development in India’s digital payments ecosystem, aimed at…
NPCI Launches UPI Circle for Secure Payments Among Trusted Users Introduction to UPI Circle The National Payments Corporation of India (NPCI) has recently introduced a new feature called UPI Circle. This innovation aims to enhance the security and reliability of digital transactions by allowing users to make payments within a trusted circle of contacts. The…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
NPCI Partners with Bank of Namibia to Develop UPI-like Instant Payment System In a significant move towards enhancing digital payment systems globally, the National Payments Corporation of India (NPCI) has forged a strategic partnership with the Bank of Namibia to develop an instant payment system akin to India’s Unified Payments Interface (UPI). This collaboration marks…
NPCI and IISc Partner for Deep Tech Research In a significant collaboration aimed at fostering innovation and technological advancement, the National Payments Corporation of India (NPCI) has joined hands with the prestigious Indian Institute of Science (IISc) to delve into deep tech research. This partnership marks a pivotal moment in the realms of both academia…
NPCI Launches UPI PayNow Linkage for Cross-Border Remittances Between India and Singapore In a significant move to facilitate seamless cross-border remittances, the National Payments Corporation of India (NPCI) has launched the UPI PayNow linkage between India and Singapore. This initiative is expected to streamline financial transactions and provide a more efficient and user-friendly experience for…
NPCI Appoints Pankaj Tripathi as UPI Safety Ambassador In the dynamic landscape of digital transactions, the National Payments Corporation of India (NPCI) has taken a significant step towards enhancing the safety of Unified Payments Interface (UPI). In a recent development, Pankaj Tripathi has been appointed as the UPI Safety Ambassador by NPCI. This move holds…
RBI and NPCI Introduce Credit Lines on UPI Conversational Payments In recent developments in the financial sector of India, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have introduced a significant change that is set to revolutionize digital payments. This move involves the introduction of credit lines on UPI…
Celebrating 6 years of BHIM, India’s Indigenous Payment Application Introduction BHIM (Bharat Interface for Money) is a mobile payment application developed by the National Payments Corporation of India (NPCI) in 2016. It was launched by Prime Minister Narendra Modi to promote digital transactions and reduce the country’s dependence on cash. BHIM has been widely accepted…
