Introduction Digital payments in India have witnessed rapid growth over the past few years, driven by the increasing adoption of online transactions, government initiatives, and technological advancements. In February 2025, key digital payment systems such as Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and Aadhaar Enabled Payment System (AEPS) continued to show significant…
UPI’s Dominance in India’s Digital Payments Landscape The growth of India’s digital payments ecosystem has been remarkable over the past few years, and one of the key drivers of this revolution is the Unified Payments Interface (UPI). The UPI system, launched in 2016 by the National Payments Corporation of India (NPCI), has significantly transformed the…
EPFO’s Centralized Pension System: A Step Towards Simplified Pension Disbursement Introduction to EPFO’s Centralized Pension System The Employees’ Provident Fund Organisation (EPFO) has introduced a Centralized Pension System to streamline the disbursement of pension benefits to its beneficiaries. This new system is expected to reduce the burden on regional offices and create a smoother, more…
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…
🚀 Exciting News! 📢 Join Our Telegram Channel Now!
Unleash a daily dose of knowledge and stay ahead of the game! 🌐✨ Join our Telegram channel for a thrilling adventure into the world of daily current affairs. 📰🔥 Don’t miss out on the latest updates and insights! Click to join now and be part of the knowledge revolution! 🚀👉
