India on Monday notified changes to the Payment and Settlement Act, 2007, barring banks from imposing any direct or indirect charges on Unified Payments Interface (UPI) transactions and RuPay-powered debit card payments…
The government has notified that no bank or system provider shall impose any direct or indirect charge on Unified Payments Interface (UPI) transactions up to Rs 2,000 and on RuPay debit card…
The Lucknow bench of the Allahabad high court has issued notices to the Reserve Bank of India and the National Payments Corporation of India over a plea seeking a recipient-side mechanism in…
Rediff.com India is set to launch its UPI app RediffPay as early as August, after months of closed user group testing. AvenuesAI chairman Vishal Mehta said the app will exit testing this…
Venture capitalists are increasingly using UPI autoPay data to distinguish genuinely active users from 'dead users' who continue paying for subscriptions they no longer use. NPCI data shows top 10 banks processed…
A French tourist named Manika has posted a viral Instagram video expressing astonishment at India's UPI digital payments system, describing how even a Rs 20 cup of chai can be paid by…
CheQ has launched CheQ UPI, a platform that combines UPI payments with RuPay credit card transactions, offering rewards of up to 2.5% on eligible spends. The company aims to let users earn…
India's Unified Payments Interface (UPI) is completing 10 years of operation, but data shows a persistent gender disparity in its adoption. According to an analysis by the National Payments Corporation of India…
The Unified Payments Interface (UPI) has recorded a more than 4,000-fold increase in transaction value since its launch on August 25, 2016. Annual transaction value rose from Rs 0.07 lakh crore in…
Prime Minister Narendra Modi on Tuesday marked a decade of the Unified Payments Interface (UPI), calling its scale and reach a major turning point in India's digital payments journey. In a post…
