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UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey

Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …

PTI   


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Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi

Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…

PTI   


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4 mins read

India to introduce UPI payment service in Maldives

"Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Minist…

PTI   


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Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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RBI to set up public repository of digital lending apps to check unauthorised players

In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…

PTI   


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UPI transactions cross Rs 20 trillion for third successive month, in July 2024

Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…

ANI   


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4 mins read

India to see retail digital payments to double to USD 7 tn by 2030: Report

Millennials and Gen X are leading in the adoption of all types of digital payment instruments.

PTI   


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Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions

Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …

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RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Report

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards…

ANI   


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4 mins read

UPI refund to digital arrest scam, here are some online scams you need to be aware of

The internet has revolutionised daily life in India, making digital payments convenient. However, f…

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2 mins read

Not just withdraw, you can soon deposit cash using UPI at ATMs, promises RBI

On Friday, RBI governor Shaktikanta Das announced that bank account holders will soon be able to de…

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1 min read

16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

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UPI transactions worth ₹18.2 lakh crore made in February 2024

Payments through digital means in India are hitting fresh highs, as its citizens are increasingly a…

ANI   


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You can let your family members use your UPI account for payments, RBI introduces delegate payments

The Reserve Bank of India announced a new feature called delegated payments, enabling users to auth…