Unified Payments Interface

India’s UPI surpasses 100,000 cross-border transactions in Nepal, expands to Maldives

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15 August, 2024

India’s UPI surpasses 100,000 cross-border transactions in Nepal, expands to Maldives

NIPL teamed up with Nepal's Fonepay to launch cross-border P2M UPI, while the National Payments Corporation of India and the...

Reserve Bank of India plans ‘delegated payments’ through UPI

Business

Pradipta Mukherjee

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12 August, 2024

Reserve Bank of India plans ‘delegated payments’ through UPI

The RBI plans to introduce a facility of 'delegated payments' in the UPI to boost digital payments in the country,...

India’s UPI most preferred for retail payments in 2023-24, RBI report says

Business

Pradipta Mukherjee

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9 August, 2024

India’s UPI most preferred for retail payments in 2023-24, RBI report says

India’s UPI has emerged as the most preferred method of retail payments, with a 79.6% share in total volumes of...

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Business

Pradipta Mukherjee

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8 August, 2024

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Thanks to the development of seamless payment networks, India's e-commerce and digital trade ecosystem is flourishing, with the Reserve Bank...

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Business

Pradipta Mukherjee

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5 August, 2024

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Exploring India's cultural attractions is now easier with the UPI One World wallet, eliminating the complexities of forex transactions and...

Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI

Business

Pradipta Mukherjee

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2 August, 2024

Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI

One of India's major banks, the Bank of Baroda, rides on the AI boom, introducing an AI-powered VRM, along with...

India in need of simplifying user verification process to bolster digital payments

Finance

Pradipta Mukherjee

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26 July, 2024

India in need of simplifying user verification process to bolster digital payments

While India has witnessed a surge in digital payments, the country’s KYC procedure continues to be cumbersome, especially for the...

India’s UPI expands partnership in Paris ahead of Olympic Games

Finance

Pradipta Mukherjee

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25 July, 2024

India’s UPI expands partnership in Paris ahead of Olympic Games

India’s NIPL, a wholly-owned subsidiary of the NPCI, has partnered with Lyra to enable acceptance of the Unified Payments Interface...

From street vendors to large stores, Indian merchants adopt digital payments: survey

Finance

Pradipta Mukherjee

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17 July, 2024

From street vendors to large stores, Indian merchants adopt digital payments: survey

India is seeing a spike in the adoption of digital payments among merchants operating small stores and consumers paying items...

India’s NPCI, QNB Group to introduce UPI payments in Qatar

Finance

Pradipta Mukherjee

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16 July, 2024

India’s NPCI, QNB Group to introduce UPI payments in Qatar

Utilizing UPI payments in Qatar through the QNB merchant network is expected to significantly benefit Indian tourists visiting the country.

India’s oldest metro service rolls out UPI payment-based ticketing system

Finance

Pradipta Mukherjee

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10 July, 2024

India’s oldest metro service rolls out UPI payment-based ticketing system

India's oldest metro adopts a UPI payment-based ticketing system, making travel more convenient among locals and speeding up the nation's...

India’s UPI digital payment makes foray into UAE

Finance

Pradipta Mukherjee

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9 July, 2024

India’s UPI digital payment makes foray into UAE

Indians traveling to the UAE will soon be able to utilize the local UPI in POS terminals across the Gulf...

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