Unified Payments Interface

Head-on | Fareed Zakaria gets contemporary India mostly right but misses the big picture

The parameter for judging a country’s inclusivity is how its smallest minorities — Parsis, Jews, Buddhists, Jains and others — are treated. Many face horrific persecution in illiberal Islamist countries

India's UPI and Singapore's PayNow are now linked: How will this benefit users?

With the Unified Payments Interface (UPI) being connected to PayNow on Tuesday, Indians can now send money to their friends, coworkers, and relatives in Singapore via digital payment systems like Google Pay and PayTM

NPCI internationalising Indian rupee as the world deliberates on dedollarisation

With countries like Russia shifting its trade from US dollar to ruble, China pushing its trade in yuan, and now India initiating payments and receipts in Indian rupee, a slow process of dedollarisation has begun

Explained: How Indian travellers can now use UPI to make payments in Europe

Indians can soon pay for transactions through the Unified Payments Interface (UPI) in Europe. They must have an Indian bank account with an activated UPI to avail the facility

RBI to allow UPI payments via RuPay credit card: What this means for customers, what experts say

The central bank said this change will allow even more people to use the unified payments interface (UPI) platform, which has become the most inclusive mode of payment in India with 26 crore unique users and five crore merchants

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI

This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity

In unnamed funding round, Flipkart backed PhonePe raises fresh funds thereby taking its valuation to $5.5 billion.

Google Pay tests NFC-based contact-less card payment feature in India

The service seems to be currently avaialble only on Axis Bank credit/debit and SBI credit cards for a set group of users in India, reports said

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs

A top banker told Tech2, UPI is being pushed to go global and now if it manages to draw the attention of the US Federal Reserve it will be big fillip for NPCI.