SBI Card enables RuPay Credit Cards on UPI
Aug 11, 2023, at 03:09 am
New Delhi: SBI Card, India’s largest pure-play credit card issuer, and National Payments Corporation of India (NPCI) have announced the linking of SBI credit cards on the RuPay platform with UPI.
India's UPI to be available in Sri Lanka soon
Jul 22, 2023, at 04:27 am
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
Central banks of India, UAE agree to link UPI systems, card payments
Jul 16, 2023, at 07:20 pm
Abu Dhabi: The Central banks of India and UAE on Saturday inked agreements in Abu Dhabi to set up a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
UPI transactions to account for India's 90% of retail digital transactions: RBI
Jun 24, 2023, at 06:03 am
Mumbai: The Unified Payments Interface (UPI) is projected to contribute to 90 percent of retail digital transactions volume in the coming five years, according to the Reserve Bank of India (RBI) bulletin.
May 24, 2023, at 03:00 am
Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.
IT minister Ashwini Vaishnaw welcomes Japan's interest in joining India's UPI
May 20, 2023, at 08:48 am
New Delhi/Tokyo: Union minister Ashwini Vaishnaw on Friday welcomed Japan's interest in joining India’s Unified Payments Interface (UPI) payment system.
Axis Bank enables RuPay Credit Card support on UPI
May 10, 2023, at 08:42 am
Mumbai: India’s third largest private sector lender Axis Bank on Monday announced that it has successfully enabled RuPay Credit Card support on UPI.
ICICI Bank introduces auto recharge on FASTag through UPI mandate
May 05, 2023, at 04:59 am
Mumbai/IBNS: ICICI Bank today announced that it has enabled FASTag auto recharge through Unified Payments Interface (UPI) mandate.
UPI emerges as the second most preferred repayment method for digital loans: CASHe Report
Apr 07, 2023, at 02:01 am
Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.
SBI launches BHIM SBIPay for Singapore-India fund transfers after UPI-PayNow linkage
Feb 23, 2023, at 01:21 am
Mumbai/IBNS: The State Bank of India (SBI), India’s largest lender, will facilitate funds transfer to Singapore through its SBI's BHIM SBIPay mobile application, the bank said on Wednesday.
Axis Bank enables settlement of cross border transactions in real-time through UPI network
Feb 21, 2023, at 10:52 pm
New Delhi: Private bank lender Axis Bank on Tuesday said it has successfully enabled cross-border transactions in real-time via the UPI Network.
HDFC Bank RuPay Credit Cards now live on UPI
Feb 17, 2023, at 06:50 am
Mumbai/IBNS: HDFC Bank and National Payments Corporation of India (NPCI) Thursday said the bank's customers will be able to use their RuPay Credit Card on UPI with BHIM App and other UPI-enabled apps.
NPCI allows NRIs from 10 nations without Indian phone nos. to use UPI facility
Jan 12, 2023, at 04:44 am
New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.
Cabinet approves incentives for RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)
Jan 12, 2023, at 01:35 am
New Delhi/IBNS: The Union Cabinet Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.
UPI transactions witnesses 650 pct rise at semi-urban and rural stores: PayNearby
Dec 06, 2022, at 11:07 pm
New Delhi: PayNearby,a branchless banking and digital network,on Tuesday said that there was a growth of 25 percent and 14 percent in value and volume respectively, in assisted financial transactions across semi-urban and rural retail counters in India in 2022.
NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr
Dec 03, 2022, at 04:45 am
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
76 pc Indians likely to use UPI as a payment mode during online checkouts: FIS Research
Nov 02, 2022, at 01:50 am
New research from financial services technology company FIS has revealed Indians’ willingness to adopt embedded finance, such as embedded payments, and explore various offerings in the Metaverse.
No plan to levy charges for UPI fund transfers, says Union Finance Ministry
Aug 22, 2022, at 03:43 am
New Delhi: The Finance Ministry on Sunday said that the government has no plans to levy any charges for UPI (Unified Payments Interface) transactions.
Reserve Bank of India allows credit card linking with UPI
Jun 09, 2022, at 12:00 am
Mumbai: The Reserve Bank of India (RBI) on Wednesday announced that credit cards will be linked to the UPI accounts.
May 19, 2022, at 07:20 am
Feature phone users can transfer money through 123PAY using IVR (interactive voice response).
IDFC Mutual Fund pioneers SIP registration through UPI autopay
Apr 02, 2022, at 12:33 am
Mumbai: In an industry-first initiative, IDFC Mutual Fund enabled UPI AutoPay, an NPCI initiative, allowing mutual fund investors to use their existing UPI applications (i.e. Google Pay, PhonePe, Paytm, BHIM, Amazon Pay, etc.) to create a mandate for autopay facility for their Systematic Investment Plans (SIPs) investments, encouraging savers to invest regularly through a convenient platform.
IndusInd Bank partners with NPCI to offer cross-border payments via UPI
Dec 27, 2021, at 10:41 pm
Kolkata: IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.
Dec 09, 2021, at 04:30 am
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
UPI transactions have moved up 70 times in last 4 years: Report
Nov 16, 2021, at 03:35 am
New Delhi/UNI: UPI transactions in the country have jumped 70 times in the past four years, a report said on Monday.
Airtel Payments Bank launches ‘Pay to Contacts’ for UPI payments
Jul 08, 2021, at 07:29 pm
New Delhi/UNI: Airtel Payments Bank has launched ‘Pay to Contacts’ which allows customers to initiate a UPI payment just by selecting the receiver’s mobile number from their phonebook.
Kotak Mahindra Bank launches payment app for customers
Jun 24, 2021, at 07:04 pm
Kolkata/IBNS: Kotak Mahindra Bank (KMBL) Thursday announced the launch of ‘Pay Your Contact’ – an innovative feature on KMBL’s mobile banking app that uses the Unified Payments Interface (UPI) platform and allows customers to send money or make payments to any of their contacts across all payment apps by entering the beneficiary’s mobile number.
NPCI report shows Paytm Payments Bank leads India's beneficiary banks according to March data
Apr 21, 2021, at 06:30 pm
Kolkata/IBNS: According to the latest report by the National Payments Corporation of India (NPCI), Paytm Payments Bank Ltd (PPBL) has emerged as the largest beneficiary bank ahead of all major banks in the country.
BharatPe hits new high with 106 million monthly transactions in UPI in Mar 2021
Apr 13, 2021, at 07:41 pm
Kolkata/UNI: BharatPe, one of India's fastest-growing fintech companies, has announced that it has achieved a big milestone by clocking 106 million transactions/ month in the UPI QR payments category in March 2021.
Health insurance, micro-pension products to be available soon on WhatsApp
Dec 18, 2020, at 04:13 am
Mumbai/IBNS: Users of messaging app WhatsApp in India will have access to a string of “critical financial and livelihood services” for which talks are going on with leading banks and service providers.
Google Pay and PhonePe most used online payment platform in India
Dec 08, 2020, at 11:14 pm
Mumbai/IBNS: Online payment platforms Google Pay and PhonePe managed to grab a lion's share of the unified payments interface (UPI) market in India accounting for 81 per cent market, according to data issued for October by National Payments Corporation of India (NPCI).