Unified Payments Interface (UPI): News
13 Jul 2023
HDFC BankHDFC becomes first to introduce CBDC-UPI interoperability: How it works
It hasn't been that long since the Reserve Bank of India rolled out the wholesale and retail versions of Central Bank Digital currency (CBDC) or digital rupee.
03 Jul 2023
State Bank of India (SBI)SBI launches revamped YONO app with UPI and cardless withdrawal
State Bank of India's (SBI) YONO app has often been criticized for being unreliable and lacking features. That might change soon.
23 Jun 2023
AppleUPI-powered Apple Pay, Apple Card could debut in India soon
Tech giant Apple has been eyeing India's payment sector for a while. The company is now planning to enter the crowded space from two sides: Apple Pay and credit card.
19 Jun 2023
State Bank of India (SBI)UPI has replaced much of the currency in circulation: SBI
Ever since its introduction in 2016, the Unified Payment Interface (UPI) has grown in popularity. Its meteoric rise has made India one of the leaders in digital payments across the world.
10 Jun 2023
IndiaIndia tops the world with 46% of real-time digital transactions
It is impossible to miss the QR codes adorning even the smallest Indian shops these days. The country has been undergoing a digital payments revolution over the past few years.
07 Jun 2023
Google Pay (Gpay)Google Pay now allows Aadhaar-based verification for UPI activation
Google Pay has joined hands with the National Payments Corporation of India (NPCI), to permit registration for UPI using Aadhaar-based authentication.
30 May 2023
National Payments Corporation of IndiaHow Razorpay's 'Turbo UPI' differs from standard UPI payment solutions
Razorpay has introduced 'Turbo UPI,' in collaboration with the National Payments Corporation of India (NPCI) and Axis Bank.
29 May 2023
BusinessUPI to capture 90% of retail digital payments by 2026-27
Unified Payment Interface (UPI) has been the main driver of the digital payments revolution in India. First introduced in 2016, it did not take the indigenous payment system much time to grow into a dominant force.
23 May 2023
Google Pay (Gpay)Google Pay launches RuPay credit card-based UPI to rival PhonePe
PhonePe and Google Pay are the two dominant forces in India's UPI space. While the former has been making moves to enhance its superiority, Google has been awfully quiet over the past few months.
16 May 2023
ZomatoZomato launches UPI payment service for seamless in-app payments
You will now be able to complete payments from the Zomato app itself.
03 May 2023
PhonePePhonePe launches UPI Lite for smaller transactions: How to use
Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.
07 Apr 2023
Reserve Bank Of India (RBI)RBI shelves NUE, the UPI rival project: Here's why
The Reserve Bank of India (RBI) has shelved its project to create an alternative for the Unified Payment Interface (UPI).
06 Apr 2023
Reserve Bank Of India (RBI)Your UPI account will soon work like a credit card
The Reserve Bank of India's (RBI) bi-monthly Monetary Policy Committee (MPC) meeting was packed with surprises this time.
29 Mar 2023
National Payments Corporation of IndiaInterchange fee on UPI: How this will affect you
A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.
28 Mar 2023
PaytmPaytm Wallet now acceptable on all UPI QRs, online merchants
The National Payments Corporation of India (NPCI) announced wallet interoperability guidelines on Friday (March 24), paving the way for significantly improving the importance of wallets.
23 Mar 2023
Ministry of FinanceOver 95,400 UPI-related frauds reported in 2022-23: Centre
A total of 95,402 cases of Unified Payments Interface (UPI) transaction-related frauds were recorded in the country in 2022-23, the Finance Ministry told the Parliament on Wednesday.
21 Feb 2023
IndiaIndia's UPI makes global debut in partnership with Singapore's PayNow
Starting today, cross-border payments between India and Singapore are going to get easier. The Unified Payment Interface (UPI) of India and Singapore's PayNow will be linked to enable faster cross-border remittances.
15 Feb 2023
PaytmPaytm Payments Bank introduces UPI LITE: How to use it
In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.
18 Jan 2023
GoogleGoogle launches its own UPI soundbox; piloting in select locations
With Indians embracing UPI payments wholeheartedly, busy point-of-sale activity is a regular sight in Indian shops. It is hard to keep a track of UPI transactions with the usual hustle and bustle in India.
16 Nov 2022
Ashneer GroverAshneer Grover trolls WhatsApp Pay, calls it the 'biggest failure'
Ashneer Grover, the co-founder and former MD of BharatPe, was at his candid best in his tweets about WhatsApp Pay. He called the UPI-based payment service from the popular chat platform the biggest failure in India as a tech product.
15 Nov 2022
GoogleGoogle introduces UPI AutoPay for subscription-based purchases on Google Play
Users of Google Play's subscription-based purchases in India have been clamoring for the addition of UPI (Unified Payments Interface) to the mode of payments. Finally, Google has heard their pleas.
28 Oct 2022
XiaomiAmid headwinds, Xiaomi winds down its financial services in India
Xiaomi hasn't been having the best of times in India. The Chinese company has come under a lot of government scrutiny in recent months.
05 Oct 2022
RuPayNo charge for RuPay credit cardholders on low-value UPI transactions
National Payments Corporation of India (NPCI) has a piece of good news for customers and merchants. No charge will be levied on UPI transactions of up to Rs. 2,000 when using a RuPay credit card.
08 Jun 2022
RuPayRBI allows linking of credit cards with UPI: Details here
UPI or Unified Payment Interface transactions have made life simpler for Indians. It is about to get even simpler, as the Reserve Bank of India (RBI) has allowed linking credit cards to UPI network.
01 Sep 2021
NetflixNetflix introduces UPI AutoPay feature to make subscription renewal easier
Streaming giant Netflix has begun rolling out support for UPI AutoPay payments in India. This will ease recurring payment of fees like the monthly subscription to Netflix, all using just your UPI ID.
02 Aug 2021
Narendra Modi#NewsBytesExplainer: What's the e-RUPI system and how does it work?
Accelerating the transition to a digital financial ecosystem in the country, Prime Minister Narendra Modi launched the e-RUPI digital payment system today.
26 Jun 2021
WhatsAppHow to use WhatsApp Pay to send money to contacts?
Facebook-owned WhatsApp first introduced an in-app money transfer service in 2018 as part of a trial. Named WhatsApp Pay, it officially launched last year and is now available to 20 million users in India.
08 Aug 2018
IndiaHere's how Indian Railways is promoting digital transactions
Recently Rajen Gohain, the Minister of State for Railways, declared that the percentage of train tickets booked digitally is on the rise, having risen to 66% of total reserved tickets in 2017-18, from 60% in 2016-17.
24 Jul 2018
IndiaAfter Android, UPI-based Truecaller Pay comes to iOS
Last year in March, popular caller identification app Truecaller, launched its UPI-based payment service - Truecaller Pay - for Android users in India.
23 Jul 2018
Cashback OfferFrom August 1, NPCI bans UPI payments within same account
In a bid to curb fake and artificial payments made to receive cashbacks, the National Payments Corporation of India (NPCI) has decided to ban all payments within the same account from its Unified Payments Interface (UPI) platform.
21 Feb 2018
FlipkartHow Flipkart-owned PhonePe aims to reinvent UPI
Propelled by demonetization, cashless transactions saw a rise with Unified Payment Interface (UPI) trying to usher users towards a cashless economy.
11 Feb 2018
IndiaHow to send and receive money on WhatsApp
Earlier this week, WhatsApp started testing its Unified Payment Interface-based payment service in India.
30 Oct 2017
Bharti AirtelAirtel Payments Bank gets UPI-integration: All you need to know!
India's largest telco Bharti Airtel, which forayed into banking to launch Airtel Payments Bank earlier, recently integrated Unified Payment Interface (UPI) on its payments bank platform.
14 Sep 2017
IndiaGoogle to launch digital payment service in India next week?
If reports are to be believed, Google is launching a localized digital payment service in India as early as next week.
23 Aug 2017
IndiaHDFC becomes the first bank in India to launch DigiPOS
Revolutionizing the way customers make payments to merchants, HDFC Bank has become the first Indian bank to unveil the DigiPOS payment solution that offers a slew of digital payment options.
21 Aug 2017
IndiaBHIM cash back scheme extended for merchants till March
The cash back scheme, that offers merchants incentives of up to Rs. 1,000 when they accept payments via BHIM application, has been extended.
07 Aug 2017
IndiaIndependence Day: Government to give higher cashbacks to BHIM users
Get ready to have cashbacks as rewards this Independence Day as the government is all set to offer some if you opt for digital transactions using the BHIM App.
11 Jul 2017
IndiaUber, Amazon, Google: Big players taking to UPI
Uber and Amazon are planning to launch the unified payment interface (UPI) on their platforms soon.
25 Mar 2017
IndiaGoing cashless to support "Digital India"
Indians are more accustomed to having money in their physical wallets than a digital one.
