UPI IMF global model report highlights India’s UPI as a transformative digital payment system with interoperability and financial inclusion. Essential update for banking and UPSC exam aspirants. IMF Hails India’s UPI Model as Blueprint for Digital Payment Transformation India’s Unified Payments Interface (UPI) has garnered global attention after the International Monetary Fund (IMF) lauded it…
NPCI FY25 Surplus Report shows ₹1,552 crore profit and ₹3,270 crore revenue with 213 billion digital transactions via UPI and other platforms, reflecting India’s growing fintech infrastructure. NPCI Reports Surplus Crosses ₹1,500 Crore, Revenue Hits ₹3,270 Crore in FY25 Strong Financial Performance Underlines NPCI’s Growth The National Payments Corporation of India (NPCI), the linchpin of…
NPCI IDRBT cybersecurity collaboration to enhance cybersecurity in India’s digital payment systems. Includes training, certification, and access to the “सचेत” threat intelligence platform. Joint MoU Aims at Fortifying the Digital Payment Ecosystem On June 17, 2025, the National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) signed…
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…
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…
SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries The Securities and Exchange Board of India (SEBI) has proposed a new, more secure UPI (Unified Payments Interface) mechanism aimed at enhancing payment security for transactions involving market intermediaries like mutual funds, brokers, and other financial entities. The proposal aims to reduce payment frauds, streamline processes,…
SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries The Securities and Exchange Board of India (SEBI) has proposed a new, more secure UPI (Unified Payments Interface) mechanism aimed at enhancing payment security for transactions involving market intermediaries like mutual funds, brokers, and other financial entities. The proposal aims to reduce payment frauds, streamline processes,…
RBI Enables Small Finance Banks to Offer Pre-Sanctioned Credit via UPI The Reserve Bank of India (RBI) has recently allowed Small Finance Banks (SFBs) to offer pre-sanctioned credit facilities through the Unified Payments Interface (UPI). This move aims to enhance the accessibility of credit, especially for those who have a limited credit history or are…
RBI Increases UPI Lite Wallet and Transaction Limits: Key Update for Digital Payments The Reserve Bank of India (RBI) has recently announced significant changes to the limits for UPI Lite wallets and transactions, aimed at promoting digital payments and enhancing the ease of transactions for Indian users. These changes come as part of the government’s…
UPI Breaks Record in October with 16.58 Billion Transactions Worth ₹23.5 Trillion Introduction: UPI Sets a New Milestone In October 2024, India’s digital payment system, Unified Payments Interface (UPI), reached an all-time high with 16.58 billion transactions worth ₹23.5 trillion. This achievement marks a major milestone in India’s digital transformation and highlights the growing trust…
