Stay updated with the latest unified-payments-interface news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on unified-payments-interface topics.
Oct 9 (Reuters) - India's payments authority National Payments Corporation of India and fintech firm Razorpay have collaborated with Microsoft-backed (MSFT.O), opens new tab OpenAI to launch AI-driven payments on ChatGPT, the companies said on Thursday. The initiative, currently in the pilot stage, will allow users to make purchases on ChatGPT, facilitated by India's homegrown payments network Unified Payments Interface (UPI). The pilot will evaluate how the service can be expanded across vert ...Read More >
New Delhi, October 1: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday reiterated that the central bank has no proposal to impose a fee on transactions done through Unified Payments Interface (UPI). The governor's clarification came during his address after the post-Monetary Policy Committee (MPC) meeting. Malhotra stated that he had never said UPI could stay free forever, but he noted that someone needs to bear the costs associated with its functioning. "What I said was there ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday reiterated that the central bank has no proposal to impose a fee on transactions done through Unified Payments Interface (UPI). The governor's clarification came during his address after the post-Monetary Policy Committee (MPC) meeting. Malhotra stated that he had never said UPI could stay free forever, but he noted that someone needs to bear the costs associated with its functioning. "What I s ...Read More >
New Delhi, October 1: The Unified Payments Interface (UPI) saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments Corporation of India (NPCI) data showed on Wednesday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August. Average daily transaction amount in September stood at Rs 82,991 crore, a rise from Rs 80,177 ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) The Unified Payments Interface (UPI) saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments Corporation of India (NPCI) data showed on Wednesday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August. Average daily transaction amount in September stood at Rs 82,991 crore, a rise fr ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
Mumbai, September 15: The National Payments Corporation of India (NPCI) has raised the Unified Payments Interface (UPI) transaction limits for person-to-merchant (P2M) payments to up to Rs 10 lakh in 24 hours for specified categories, effective from Monday. The move seeks to facilitate larger payments in key sectors and enhance digital adoption in high-value segments. The NPCI maintained the person-to-person (P2P) limit at Rs 1 lakh per day. Earlier users often encountered restrictions, forcing ...Read More >
The National Payments Corporation of India (NPCI) has introduced significant changes to the transaction limits for UPI payments, set to come into effect from Monday, 15th September 2025. These changes are expected to benefit not only everyday users but also merchants and businesses that rely heavily on UPI for their transactions. As per the new rules, the transaction limit for certain specific categories, such as insurance premiums, capital markets, and credit card bill payments, will be increa ...Read More >
New Delhi, Aug 25 (PTI) President Droupadi Murmu on Monday said that India would be happy to share its experiences in initiatives such as Unified Payments Interface (UPI) systems, 'Jan Dhan', and Aadhaar with Fiji. As part of our modern and multifaceted partnership, India is privileged to partner in the socio-economic development of Fiji with a particular focus on Fijian priorities such as health, capacity building and training, and climate resilience, she said. Her assertion came during a mee ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
The Indian Cybercrime Coordination Centre (I4C) has predicted that the cybercrime losses could soar beyond Rs 1.2 lakh crore in 2025 if current trends persist. The cybercrime crisis in India is fast escalating. The financial frauds are bleeding the country of tens of thousands of crores each year. According to a report by DataLEADS, Indians lost Rs 22,842 crore to online fraudsters in 2024. The following figures will shock you more -- the 2024 figures are nearly three times higher than the Rs 7 ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi: The number of transactions through the popular Unified Payments Interface (UPI) touched a record high of 19.47 billion in July, according to data released by the National Payments Corporation of India (NPCI). In terms of value, it was Rs 25.08 lakh crore, the second highest after Rs 25.14 lakh crore recorded in May. In terms of volume, the last highest number was 18.67 billion reported in May, which declined to 18.39 billion in June with transaction amount Rs 24.03 lakh crore. NPCI ...Read More >
New Delhi [India], July 20 (ANI): India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country. It brings all your bank accounts together in one mob ...Read More >
Mysuru /Bengaluru: As GST notices continue to land at the doorsteps of small traders across Karnataka, vendors in cities like Mysuru and Bengaluru are increasingly rejecting UPI payments in favour of cash -- raising concerns over the future of India's digital payment ecosystem.In Mysuru, small shopkeepers, hotel owners, PG operators, and auto drivers have started declining UPI payments after receiving tax notices. The state's commercial tax department, using cumulative UPI transaction data from ...Read More >
BHUBANESWAR: Union minister of state (independent charge) for Science and Technology, Personnel, Public Grievances and Pensions Dr Jitendra Singh on Thursday said the Centre would soon roll out a new scheme focusing exclusively on agriculture and allied sectors in 100 districts across the country. Addressing the two-day national conference on good governance here, Dr Singh said, the first-of-its-kind Prime Minister Dhan-Dhaanya Krishi Yojana (PM-DDKY) draws inspiration from NITI Aayog's aspirat ...Read More >
Kolkata: Tech giant RS Software (India) Ltd, that had built the Unified Payments Interface (UPI) platform in 2015, is now working on a global payments integration platform to facilitate international trade flows. The company is also planning to invest over Rs 100 crore over the next five years to bolster the payments network system across the country.Raj Jain, CEO and MD of the company, said: "As UPI gains global recognition, govt has negotiated several bilateral agreements with different countr ...Read More >
Puri (Odisha) [India], July 14 (ANI): Renowned sand artist Sudarsan Pattnaik created a sand art at Puri beach on Sunday. He crafted a sand idol of Lord Shiva to mark the first Monday of the auspicious Sawan month. Sudarsan Pattnaik said, The entire nation is devotional for the first Shravan Somvaar. We have made Lord Shiv 6-feet high sculpture... In Puri Jagannath Dham, there is a temple of Lord Loknath, and here also, many devotees have arrived. As an artist, I am praying to God to bless us wi ...Read More >
Bengaluru: In a significant move to increase tax collections, the govt has begun using Unified Payments Interface (UPI) data to identify traders, especially those accepting payments via QR codes, who have evaded goods and services tax (GST) registration.After analysing UPI transactions, the commercial taxes department recently issued notices to some 14,000 traders. Officials say these individuals have crossed the mandatory GST registration thresholds but failed to register. Under GST rules, trad ...Read More >
BENGALURU: Following reports of notices issued to small traders by the Commercial Tax Department, the state government clarified on Friday that the action was based on data collected from Unified Payments Interface (UPI) service providers to ensure compliance with Goods and Services Tax (GST) laws. Under the GST Act, in force since July 1, 2017, suppliers with an annual turnover exceeding Rs 40 lakh (for goods) or Rs 20 lakh (for services) are required to register for GST. This turnover include ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transa ...Read More >
India pays digitally: 2025 marks the third year of the 'Har payment digital' initiative by Reserve Bank of India (RBI). Indeed, it is huge leap: India crossed 20 billion payments (approximating ₹250 trillion) through digital modes (Sanjay Malhotra, Governor, Reserve Bank of India, Mumbai, March 10, 2025). However, while there is no denying the convenience and time-saving brought in by the quantum leap in digital payments, do digital payments actually contribute to GDP growth? Are payments leadi ...Read More >
New Delhi, Jul 5: Prime Minister Narendra Modi's official visit to Trinidad and Tobago from July 3 to 4 marked a significant expansion of India's development partnership with the Caribbean nation, with a strong emphasis on digital transformation, healthcare, agriculture, and education. In a key outcome, Trinidad and Tobago became the first Caribbean country to adopt India's Unified Payments Interface (UPI), strengthening bilateral cooperation in digital public infrastructure. Both sides also agr ...Read More >
New Delhi, July 03: Prime Minister Narendra Modi was conferred Ghana's highest civilian honour -- Officer of the Order of the Star of Ghana -- during his state visit to the West African nation. The award, presented by President John Dramani Mahama, recognises PM Modi's global leadership and statesmanship. This marks the first visit by an Indian Prime Minister to Ghana in over three decades. Accepting the honour on behalf of 1.4 billion Indians, Modi dedicated it to India's youth, its cultural d ...Read More >
India's homegrown Unified Payments Interface (UPI) registered 18.40 billion transactions amounting to ₹24.04-lakh crore in June, according to National Payments Corporation of India (NPCI) data. The transaction volume grew 32 per cent on a yearly basis, while value of UPI transactions was up 20 per cent in June. On average, UPI ecosystem recorded 613 million transaction daily in June, while the average daily UPI transaction value was ₹80,131 crore. In May, a total of 18.68 billion UPI transactio ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. "India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative," Modi said, on X. The comments come following the completion of a decade of ambitious Digital India initiative, originally launched on Jul ...Read More >
NEW DELHI: Prime Minister Narendra Modi Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. 'India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative,' Modi said on social media platform X. The comments come following the completion of a decade of the ambitious Digital India initiative, orig ...Read More >
New Delhi [India], June 30 (ANI): Prime Minister Narendra Modi's upcoming five-nation tour, beginning on July 2, will see significant advancements in India's bilateral relations with African nations of Ghana and Namibia, including the establishment of a vaccine hub in Ghana and the expansion of the Unified Payments Interface (UPI) in Namibia. During a special briefing by the Ministry of External Affairs, Secretary of Economic Relations, Dammu Ravi, outlined the key agendas during the PM's visit ...Read More >
New Delhi [India], June 30 (ANI): Prime Minister Narendra Modi's upcoming five-nation tour, beginning on July 2, will see significant advancements in India's bilateral relations with African nations of Ghana and Namibia, including the establishment of a vaccine hub in Ghana and the expansion of the Unified Payments Interface (UPI) in Namibia. During a special briefing by the Ministry of External Affairs, Secretary of Economic Relations, Dammu Ravi, outlined the key agendas during the PM's visit ...Read More >
Delhi/Hyderabad, June 28 (Maxim News): In a major step toward digital transformation, post offices across India will begin accepting digital payments at their service counters from August 2025, as part of a nationwide IT upgrade initiative. Here To Join Us On WhatsApp According to official sources, the Department of Posts is in the final stages of rolling out a new IT application that will enable dynamic QR code-based digital transactions, aligning postal services with India's fast-evolving di ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.