UPI hits over 3,700 transactions per second, up 58% yearly
New Delhi: The Unified Payments Interface (UPI) has become the world's most popular alternative payment method, handling 3,729.1 transactions per second in 2023, media reports said.
RBI Governor launches key digital payment initiatives Bharat BillPay, UPI Circle
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday announced the launch of two new product offerings built by the National Payments Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024.
MobiKwik gains market share, becomes largest wallet player
Mumbai: MobiKwik, one of India's largest digital financial products and services platforms, has achieved the largest number of PPI Wallet transactions by value for the months of April and May 2024.
Kolkata: NPCI International Payments Limited (NIPL) in partnership with Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments via Network’s point-of-sale (POS) terminals in the UAE.
New Delhi: UPI payments are now available in the UAE through a partnership between NPCI International Payments Ltd and Network International, a key player in digital commerce across the Middle East and Africa.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
NPCI International partners with Bank of Namibia to deploy India’s UPI stack in Namibia
Mumbai: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.
Rahul Kothari appointed as Razorpay's Chief Operating Officer for India and Malaysia
Mumbai: Rahul Kothari, formerly the Chief Business Officer (CBO) of Razorpay, has been appointed as the Chief Operating Officer (COO) for India and Malaysia.
Bank of Baroda Q2FY24 net profit up 28% to Rs 4,253 cr
Mumbai: State-run lender Bank of Baroda (BoB) recorded a 28.4% increase in net profit in the second quarter of the FY24 at Rs 4,253 crore, compared to the same period last year.
Bank of Baroda enables UPI LITE - Small Value on Device Wallet
Mumbai: Bank of Baroda Wednesday announced that it has enabled UPI LITE - Small Value on Device Wallet to enable users to make instant, small value digital payments with only one tap without the use of a UPI PIN.
SBI Card enables RuPay Credit Cards on UPI
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.
CAIT and Meta to digitize 10 million local businesses via WhatsApp Business app
New Delhi: Confederation of All India Traders (CAIT) and Meta are expanding their ‘WhatsApp Se Wyapaar’ program to digitally train and upskill 10 million local traders on the WhatsApp Business App.
India's UPI to be available in Sri Lanka soon
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
Mumbai: The Reserve Bank of India (RBI) on Friday released draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).
UPI emerges as the second most preferred repayment method for digital loans: CASHe Report
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.