How UPI Is Changing the Banking System in India
In just a few years, India’s banking and payments landscape has been transformed. At the heart of this transformation lies UPI (Unified Payments Interface), which...
Tag : UPI (Unified Payment Interface)
RBI Raised Transaction Limit for UPI 123Pay to Rs 10,000 and for UPI Lite Wallet to Rs 5,000
During the Monetary Policy Committee (MPC) announcement, Das stated that the per-transaction limit for UPI 123Pay will be increased from Rs 5,000 to Rs 10,000,...
UPI Surpasses 500 Million Daily Transactions in September, Reports NPCI
The National Payments Corporation of India (NPCI) reported a significant milestone for the Unified Payments Interface (UPI) network in September, with over 500 million daily...
Trinidad & Tobago Partners with India to Develop UPI-Style Digital Payment Platform
Trinidad & Tobago has taken a pioneering step as the first Caribbean nation to partner with India in creating a real-time payment platform utilising India’s...
RBI Plans To Launch ‘Unified Lending Interface’ Technology Platform
RBI Governor Shaktikanta Das introduces ULI and describes it as a groundbreaking advancement in the lending sector, forming a new trinity with JAM and UPI....
Swiggy UPI Allows Users to Conduct UPI Transactions Directly within Swiggy App
Swiggy has introduced Swiggy UPI, a new feature simplifying its users’ in-app payment process. By incorporating the UPI Plugin solution from the National Payments Corporation...
RBI Proposed To Increase Upper Limit for UPI Tax Payments to Rs 5 Lakhs
During the Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) proposed to increase the upper limit for tax payments through the Unified...
Ola’s Parent Company To Open Dark Stores To Support Quick Commerce
ANI Technologies, Ola’s parent company, is gearing up to establish small local warehouses known as dark stores to support its quick commerce service. These dark...
PhonePe Partners Up with LankaPay for UPI Payment in Sri Lanka
PhonePe, a Bengaluru-based company, has announced that it has partnered with LankaPay to enable PhonePe UPI payments in the country. This partnership will allow Indian travelers...
Zeta Launches Stack for UPI-Linked Credit
The Bengaluru-based company Zeta has launched a stack to run credit lines on the Unified Payments Interface (UPI) digital payments platform. Softbank-backed banking software company expects the credit...