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…
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…
Introduction of UPI Payment Service in Maldives The President of Maldives has officially launched the Unified Payments Interface (UPI) payment service, marking a significant milestone in the nation’s economic development. This initiative aims to enhance the financial ecosystem by facilitating seamless digital transactions, which is expected to boost tourism and local businesses. With the UPI…
Navi Achieves 5th Spot in UPI Rankings for Second Time Introduction: Navi’s Remarkable Achievement Navi, a prominent financial services company, has recently secured the 5th position in the Unified Payments Interface (UPI) rankings for the second consecutive time. This accomplishment highlights Navi’s significant contribution to India’s digital payment landscape. The UPI system, which has revolutionized…
UPI Now Mandatory for Bids Up to ₹5 Lakh in Public Debt Issues The Indian government has recently mandated that Unified Payments Interface (UPI) will be a compulsory payment method for bids amounting to ₹5 lakh or less in public debt issues. This significant move aims to enhance the efficiency and transparency of financial transactions…
