UPI

The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month

Following the rollout of PDF statements, the new Excel format offers enhanced flexibility for managing expenses

The government is reviewing a proposal to reintroduce merchant discount rates (MDR) on UPI and RuPay transactions for large businesses, aiming to ease the financial strain on banks

The Reserve Bank will continue to promote innovations in payment systems with soft touch regulations within regulatory guardrails and expand the reach of UPI for more efficient cross-border payments, Governor Sanjay Malhotra said on Monday. In his address at the Inauguration of Digital Payments Awareness Week 2025 here, the governor said apart from the RBI, the government and other important stakeholders like banks and payment system operators have also taken a number of initiatives to encourage the adoption of digital payments. "While these efforts have produced results, as visible in the huge growth of digital payments, there is still a lot more to be done. Going forward, we will work on three broad areas," he said. The areas are soft-touch regulations to continue promoting innovation, promote awareness generation, and more efficient cross-border payments. "We will continue to encourage innovation while promoting safety and security through soft touch regulations," the RBI chief

Openness, reliability, and hope are critical to successful democracies and have a cumulative effect on both domestic and global ties

The insurance regulator had in mid-February set the March 1 deadline for rollout of the feature, which allows insurers to take a customer's consent and block the premium amount for a period of 14 days

Paytm UPI users can now set up automatic payment deductions directly from their bank account for trades, without having to transfer large sums to their trading accounts on brokerage apps

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are made before March 31, 2025, to maximise tax benefits

The value declined to Rs 21.48 trillion in February, compared to Rs 23.48 trillion in January

Number of daily transactions for February stood at 14.46 million, up from 14.33 million in January, which translated to a value of Rs 20,110 crore in February and Rs 19,562 crore in January

UPI transactions in January surpassed 16.99 billion and the value exceeded Rs ?23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement. Unified Payments Interface (UPI) remains the cornerstone of India's digital payment ecosystem, contributing to 80 per cent of the retail payments across the country, it said. The total transaction volume exceeded 131 billion and the value exceeded Rs ?200 lakh crore for the 2023-24. Its ease of use, combined with a growing network of participating banks and fintech platforms, has made UPI the preferred mode of real-time payments for millions of users across the country, it said. As of January, 2025, over 80 UPI Apps , 641 banks are currently live on UPI ecosystem, it said. In FY 24-25 (till Jan, 2025), the People to Merchant (P2M) transactions contributed 62.35 per cent and

All UPI apps with an active UPI Lite feature must implement an app passcode, biometrics, or a pattern-based lock during log in

Policyholders can utilise UPI's one-time mandate to authorise the blocking of a specified amount in their bank account through UPI

Says UPI is evolving rapidly, and there are multiple innovations around UPI for data-driven services and merchant solutions

Insurance regulator Irdai has told insurance firms which will be shareholders in Bima Sugam to inject initial capital of Rs 300 crore

Always exercise caution when asked to merge calls, especially if the request comes from an unknown source

It allows policyholders to block funds in bank accounts via UPI, ensuring a smoother transaction process without immediate debits

Set up of UPI Autopay for various services, including OTT subscriptions, insurance premiums, loan repayments, and utility bills has paved the way for UPI dominance

More non-bank payment system operators are expected to join the bandwagon to extend the e₹

Experts call for responsible credit card usage as it involves borrowed money and associated interest charges if not paid within the billing cycle