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Tanuja K February 24th, 2023 8:07 PM 0 COMMENTS

UPI Could Soon Reach these International Destinations

The impact of the Unified Payments Interface (UPI) system in India has been great over the last few years. The adoption of UPI has kept on growing, especially during the pandemic when a lot of users preferred cashless transactions. Now UPI could soon reach major international destinations such as Indonesia, UAE, and Mauritius. It is worth recalling that UPI has already reached Singapore, and now international money transfers to users... Read More

Tanuja K February 22nd, 2023 12:00 PM 0 COMMENTS

UPI and PayNow of Singapore Linked to Send Money Internationally

India's famous Unified Payments Interface (UPI) has been linked to Singapore's PayNow system. Both UPI and PayNow are built to help users send money in real time or instantly to other people. But what this integration between the two platforms would do is enable users to make international money transfers. Users in both countries would now be able to send money in real-time via a QR code or the mobile... Read More

Bhavya Singh December 18th, 2022 2:47 PM 11 COMMENTS

UPI Money Sent to Wrong Person, Here’s How to Get it Back

The Unified Payments Interface (UPI) and other digital payment systems have totally changed how we do transactions. UPI has become widely used in India by everyone, from street vendors to large retail chains. They have eliminated the need to use cash in most cases by enabling a user to instantly scan a QR code and transfer the right amount immediately to a bank account. Even though UPI is a secure... Read More

Bhavya Singh December 16th, 2022 5:47 PM 2 COMMENTS

UPI vs Digital Rupee: How both are Different

The Reserve Bank of India (RBI) just chose a limited user group digital rupee retail test. Citizens would be able to send and receive payments in cash entirely digitally through a mobile app by using the token-based digital rupee. However, digital transactions already make use of the Unified Payments Interface (UPI). On December 1, 2022, the digital currency's pilot programme became live, covering Mumbai, New Delhi, Bangalore, and Bhubaneswar, as... Read More

Bhavya Singh December 4th, 2022 9:11 PM 0 COMMENTS

How to Send Money to Non Paytm Account from a Paytm Account

Receivers previously had to have a Unified Payments Interface (UPI) ID registered on the Paytm app in order to receive mobile money transfers. Through all UPI payment apps, Paytm now enables its users to send money via UPI transactions to any mobile number. Paytm customers can transfer UPI payments to any UPI-registered cellphone number, even if the recipient doesn't have a Paytm account, according to a statement made by the... Read More

Bhavya Singh December 3rd, 2022 6:34 PM 0 COMMENTS

UPI Transactions Cap Deadline Extended for UPI Platforms in India

The Unified Payments Interface (UPI) is operated by the National Payments Corporation of India (NPCI) and is utilised for real-time payments between peers or at the point of sale by businesses. A single third-party app will now be limited to handling no more than 30% of the total volume of UPI transactions, according to NPCI's announcement from November 2020. The cap was scheduled to go into effect on January 1,... Read More

Tania Abraham November 23rd, 2022 9:13 PM 0 COMMENTS

UPI Apps in India Might Restrict Your Transactions to a Limit

It appears that Google Pay and other Unified Payments Interface (UPI) payment apps will soon no longer allow users in India to conduct an unlimited number of transactions. The National Payments Corporation of India (NPCI), which is in charge of the UPI digital system, is collaborating with the Reserve Bank to put into effect its suggested December 31 deadline for lowering the volume cap for third-party app providers, according to... Read More

Tania Abraham November 15th, 2022 7:20 PM 0 COMMENTS

UPI Autopay Now Available Inside Google Play

Google introduced UPI as a payment option in the Indian Play Store in 2019. Now, the company has announced the introduction of the UPI Autopay feature to the country as a payment method for subscription-based purchases through the Google Play Store. National Payments Corporation of India (NPCI) has introduced its UPI Autopay under UPI 2.0 to allow users to make recurring payments on any of its UPI apps that support... Read More

Bhavya Singh November 15th, 2022 9:52 AM 4 COMMENTS

PhonePe UPI Can be Activated Using Aadhaar Card, Don’t Know How? Check this Out

With over 350 million registered customers, PhonePe is one of the most widely used rapid payment networks right now. Along with a simple UPI transaction method, it allows customers to manage and access their bank accounts digitally at any time. PhonePe is now enabling new users to complete the UPI activation using an Aadhaar card using OTP authentication, providing even greater convenience for its users. Users must enter their debit... Read More

Palak Sharma August 22nd, 2022 4:38 PM 11 COMMENTS

UPI Transactions to be Charged? Finance Ministry Clarifies

In response to rumours that it could introduce extra fees on UPI payments, the central government has clarified its position. The Ministry of Finance stated in a series of tweets on Sunday that UPI is a "digital public benefit" and that there are no plans to charge for UPI services. The government has provided financial support for the nation's digital payments ecosystem, according to the tweet, which also stated that... Read More

Tanay Singh Thakur March 29th, 2022 3:12 PM 0 COMMENTS

UPI for Feature Phones: 37000+ Users Join UPI123Pay Since Launch

UPI123Pay, a UPI (Unified Payments System) service built and designed for people with feature phones, has seen a great response from Indian users. The feature was launched to people of the country on March 8, 2022. Since then, more than 37,000 users have joined the platform. According to a PTI report, 21,833 successful transactions have also taken place since the launch. The UPI123Pay service allows users to send money across... Read More