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NEW DELHI, Apr 7: Cash payments at toll plazas will be discontinued for travellers on National Highways from April 10, the Road Transport and Highways Ministry has said. In a gazette notification, the ministry has said that in cases where a vehicle enters a fee plaza without a valid FASTag, users can still pay via Unified Payment Interface (UPI), but at a higher charge of 1.25 times the applicable toll fee. Follow the Daily Excelsior channel on WhatsApp A senior NHAI official said that the mo ...Read More >
New Delhi, Apr 7 (PTI) Cash payments at toll plazas will be discontinued for travellers on national highways from April 10, the road transport and highways ministry has said. In a gazette notification, the ministry has said that in cases where a vehicle enters a fee plaza without a valid FASTag, users can still pay via Unified Payment Interface (UPI), but at a higher charge of 1.25 times the applicable toll fee. A senior NHAI official said that the move is aimed at reducing long queues at toll ...Read More >
New Delhi [India], April 7 (ANI): India's digital payment infrastructure has entered a phase of deep structural maturity, with the Unified Payments Interface (UPI) now firmly at the core of the country's retail payments architecture, according to a new report by CareEdge. The report noted, "digital payments now account for 93 per cent of payment value and 99.8 per cent of transaction volume as of 9MFY26." Also Read | Bhavna Bhargava Honey Trap Case: Ex-Serviceman Lured, Threatened With False R ...Read More >
India's Unified Payments Interface (UPI) is revolutionizing the country's payment infrastructure by dominating low-value transactions and expanding internationally. With digital payments now making up 99.8% of transaction volume, UPI is becoming the default rail for retail payments, overshadowing traditional methods like debit cards and prepaid instruments. India's digital payment landscape has reached a pivotal stage of structural advancement, with the Unified Payments Interface (UPI) now serv ...Read More >
New Delhi [India], April 7 (ANI): India's digital payment infrastructure has entered a phase of deep structural maturity, with the Unified Payments Interface (UPI) now firmly at the core of the country's retail payments architecture, according to a new report by CareEdge. The report noted, "digital payments now account for 93 per cent of payment value and 99.8 per cent of transaction volume as of 9MFY26." As per the report, traditional payment instruments such as debit cards and prepaid instru ...Read More >
India's Unified Payments Interface (UPI) has achieved a new milestone with record transaction volumes, solidifying its position as a leading digital payment system and expanding its global footprint. Key PointsUPI transactions in India hit a record 22.64 billion in March, showcasing the rapid adoption of digital payments.The volume of UPI transactions increased by 24% compared to the previous year, highlighting significant growth in usage.UPI now accounts for 85% of all digital transactions in ...Read More >
UPI hit a record 22.64 billion transactions in March 2026 worth 29.53 lakh crore rupees, driven by wider digital adoption, with security a key focus for regulators and firms India's real-time payments infrastructure recorded its highest-ever monthly activity in March 2026, underscoring the rapid expansion of digital transactions across the country. India's Unified Payments Interface (UPI), operated by the National Payments Corporation of India, processed 22.64 billion transactions during the m ...Read More >
New Delhi, Apr 2 (PTI) Transaction through the Unified Payments Interface (UPI) touched a record high of 22.64 billion in volume terms in March. "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's continue the journey of transforming the way we transact!," Department of Financial Services said in a post on X. In volume terms, 22.64 billion transactions were carried during the month as compared to 18.3 ...Read More >
India's Unified Payments Interface (UPI) has achieved a new milestone with a record number of transactions in March, demonstrating its growing dominance in the digital payments landscape and expanding global reach. Key PointsUPI transactions in India hit a record 22.64 billion in March, showcasing the rapid adoption of digital payments.UPI combines ease of use with strong security measures, including two-factor authentication, making it a preferred payment method.UPI accounts for 85% of all dig ...Read More >
New Delhi: Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." Also Read: India's economy puts up brave front as GST, auto sales and UPI payments surge despit ...Read More >
New Delhi [India], April 2 (ANI): Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." The department also encouraged users to continue supporting the growth o ...Read More >
New Delhi, Apr 1 (PTI) Fuelled by festivities and financial year closure, the transaction through the popular Unified Payments Interface (UPI) touched a record high of Rs 29.53 lakh crore and 22.64 billion in value and volume terms, respectively, in March, according to data released by the National Payments Corporation of India (NPCI). NPCI said the value of transactions was at Rs 29.53 lakh crore in March against Rs 24.77 lakh crore in the same month a year ago, registering a 19 per cent growt ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday. UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 2 ...Read More >
India's Unified Payments Interface (UPI) processed 218.6 billion transactions in the fiscal year ending March 2026, with a cumulative value of Rs 284.7 lakh crore, according to data from the National Payments Corporation of India (NPCI). Transaction volumes remained consistently elevated, crossing the 20-billion mark in several months, even as growth showed signs of tempering in the latter part of the year. January recorded the highest volume with 21.7 billion transactions, followed by Decembe ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
New Delhi, Dec 16 (UNI) Delhi Traffic Police announced that traffic challans will soon be payable through the Bharat Bill Payment System (BBPS) across all BBPS-enabled Unified Payments Interface (UPI) platforms, an official said on Tuesday. The move is aimed at promoting cashless transactions, ensuring transparency, and streamlining traffic enforcement mechanisms in the city, police said. According to a senior officer at Traffic Headquarters, the new system will allow commuters to pay their tr ...Read More >
New Delhi, Nov 10 (PTI) NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Monday announced a partnership with BENEFIT, Bahrain's leading fintech and electronic financial transactions company, to enable real-time cross-border remittances between India and Bahrain. This linkage will connect India's Unified Payments Interface (UPI) with Bahrain's Electronic Fund Transfer System (EFTS), specifically, Fawri+ service, allowing u ...Read More >
New Delhi [India], October 31 (ANI): Industry body India Fintech Foundation (IFF) has written to the Finance Ministry warning that more than 80% of Unified Payments Interface (UPI) transaction volumes are currently handled by just two third-party app providers (TPAPs). The group has urged policy intervention to prevent systemic concentration and ensure fair competition within India's most critical digital payments channel. In its letter, IFF said the current structure poses "systemic concentrat ...Read More >
New Delhi [India], October 31 (ANI): The official visit of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman to Bhutan has been cancelled due to bad weather conditions at Paro. The visit was earlier scheduled to take place from October 30 to November 2, 2025. Sitharaman was to lead the Indian delegation from the Department of Economic Affairs on the four-day official visit, aimed at strengthening economic and financial ties between India and Bhutan. According to the Ministry's s ...Read More >
New Delhi, October 22: The Unified Payments Interface (UPI) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India (NPCI). With more than a week still left in the month, UPI is on track to post its highest-ever monthly performance, driven by Diwali spending and recent GST rate cuts. This marks one of the strongest month-on-month growth ...Read More >
VMPLMumbai (Maharashtra) [India], October 16: Lxme, India's leading financial platform for women, has announced the launch of LxmePay, the country's first Unified Payments Interface (UPI) exclusively for women. Designed to transform everyday transactions into powerful financial opportunities, LxmePay is more than just a payment tool, it's a step towards smarter, more conscious money management for women.While UPI has made payments faster and more convenient than ever, it has also made it easier ...Read More >
India's insurance market saw strong growth, boosted by the festive season and a government decision to make health insurance GST-free. The festive season, coupled with the government's recent decision to make health insurance GST-free, has provided a strong boost to India's insurance market. According to an analysis by Policybazaar, insurance payments between September 22 and October 14 grew 14 per cent week-on-week and 35 per cent year-on-year, driven by festive spending and consumer preferenc ...Read More >
New Delhi [India], October 17 (ANI): Prime Minister Narendra Modi on Friday emphasised that India's growth is shaping global opportunities and the whole world is looking at India as a "reliable, responsible and resilient" partner. Addressing the NDTV World Summit 2025, Prime Minister Modi noted that European nations have committed to investing billions of dollars in India, which will generate huge employment, adding that these investments are helping India to make a nerve centre of the global s ...Read More >
NPCI International Payments Ltd (NIPL) has partnered with NTT DATA Japan to enable UPI acceptance in the Japanese market. This collaboration will allow Indian tourists to make seamless QR code payments at merchant locations acquired by NTT DATA. The MoU aims to enhance the digital payment experience for Indian travelers in Japan. NPCI International Payments Ltd (NIPL) on Tuesday said it has signed a pact with NTT DATA Japan for acceptance of UPI in the Japanese market. In a statement National ...Read More >
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution. HSBC on Tuesday announced the launch of HSBC Digital Merchant Services (DMS) in India, a digital pa ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meetings ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India's Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meet ...Read More >
New Delhi [India], October 14 (ANI): Indian travellers in Japan may soon be using Unified Payment Interface (UPI) as NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Tuesday announced the signing of a Memorandum of Understanding (MoU) with NTT DATA Japan, a core subsidiary of the NTT DATA Group and a provider of IT and business services headquartered in Tokyo, Japan. As per a press release, the MoU establishes the foundat ...Read More >
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI State Bank of India's (SBI's) chairman CS Setty on October 8 said that the lender is working on the simplification of Know Your Customer (KYC) and re-KYC and will engage with the regulators and the government. "We are working on that, the simplification of KYC processes. Even if it means that we need to engage with the regulators and the government, we are taki ...Read More >
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai. India will allow users to approve payments made through popular domestic payments network, th ...Read More >
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