NPCI International and Reserve Bank of Peru Forge Landmark Partnership for UPI Payments In a significant stride towards global financial interoperability, the National Payments Corporation of India (NPCI) International has entered into a groundbreaking partnership with the Reserve Bank of Peru, aimed at facilitating Unified Payments Interface (UPI) transactions. This strategic collaboration marks a pivotal…
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…
UPI Transactions Surge by 56% in India: Worldline Report Introduction: The Unified Payments Interface (UPI) has witnessed a remarkable surge in transactions in India, as reported by Worldline, a leading payment services provider. The report reveals a staggering 56% increase in UPI transactions, reflecting the growing trend of digital payments in the country. Driving Factors…
UPI Ends FY24 with Record Transactions Worth ₹199 Lakh Crore Unified Payments Interface (UPI) has closed the financial year 2023-24 with a groundbreaking milestone, recording transactions worth a staggering ₹199 lakh crore. This achievement marks a significant surge in digital transactions, highlighting the increasing adoption of digital payment methods in India. The exponential growth of…
RBI Raises UPI Limit for Healthcare and Education to Rs 5 Lakh The Reserve Bank of India (RBI) has recently announced a significant elevation in the transaction limit for the Unified Payments Interface (UPI) in specific sectors, particularly healthcare and education. This change entails a surge in the maximum transaction limit from the previous cap…
SBI Announces Interoperability of CBDC and UPI for Seamless Transactions In a significant move towards enhancing digital financial transactions in India, the State Bank of India (SBI) has recently made a groundbreaking announcement regarding the interoperability of Central Bank Digital Currency (CBDC) and Unified Payments Interface (UPI). This development promises to revolutionize the way financial…
UPI Transactions Reach Record High of Rs. 14.3 Trillion in May 2023 The world of digital transactions witnessed a remarkable milestone in May 2023 as Unified Payments Interface (UPI) transactions in India soared to an all-time high. According to recent reports, UPI transactions reached an unprecedented record of Rs. 14.3 trillion during this period, showcasing…
