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BPR 2024 : UPI Saw 15,547 Crore Transactions Worth Rs. 223 Lakh Crore From January To November 2024

24 Dec 2024

The Unified Payments Interface (UPI), introduced in 2016 by the National Payments Corporation of India (NPCI), has achieved unprecedented growth, processing 15,547 crore transactions worth ₹223 lakh crore between January and November 2024. This remarkable performance underscores UPI's transformative impact on India’s financial ecosystem. In October 2024, UPI reached a...

UPI Records 15,547 Crore Transactions Worth ₹223 Lakh Crore from January To November 2024

14 Dec 2024

The Unified Payments Interface (UPI) has achieved a remarkable milestone by processing 15,547 crore transactions worth ₹223 lakh crore from January to November 2024, according to data shared by the Union Finance Ministry. In a social media post on X with the hashtag #FinMinYearReview2024, the ministry highlighted UPI's transformative impact...

The Journey From Cash To UPI, Is The New Payment Method Resulting In Overspending Or Saving Money?

15 Nov 2024

QR codes are now ubiquitous, and even small vendors, like vegetable sellers, are adopting them to make transactions smoother and more efficient. Business owners have realized that offering QR codes or access to UPI (Unified Payments Interface) is a great way to boost sales in today’s market. Here’s a simple...

Global Anti-Money Laundering Watchdog Lauds India’s Digital Stack For Financial Security

15 Nov 2024

The JAM trinity (Jan Dhan accounts, Aadhaar, and Mobile numbers) and Unified Payment Interface (UPI) of India have been placed as a powerful model for financial integrity in the backdrop of the recommendation of the FATF latest 'Money Laundering National Risk Assessment Guidance.' It is also a part of the...

Spanish President Pedro Sanchez Joins Diwali Celebrations In Mumbai With Cultural Touch

29 Oct 2024

Spanish President Pedro Sanchez and his wife, Begona Gomez, took part in the vibrant Diwali festivities in Mumbai on Monday night, celebrating the Festival of Lights with local traditions and sweets. Their participation highlighted the growing cultural ties between Spain and India, as the couple engaged in time-honored Diwali customs....

Paytm Secures NPCI Nod To Onboard New UPI Users After Regulatory Setback

24 Oct 2024

Paytm, one of India’s leading financial services platforms, recently received approval from the National Payments Corporation of India (NPCI) to onboard new users for its Unified Payments Interface (UPI) services. This marks a significant relief for Paytm, following a regulatory setback earlier this year when its banking arm faced a...

Narendra Modi Pushes For Global Adoption Of India’s UPI Payment System At BRICS Summit

23 Oct 2024

Indian Prime Minister Narendra Modi has called on BRICS nations to embrace India’s Unified Payments Interface (UPI), promoting financial integration across member countries. During a recent summit, Modi highlighted the success of UPI’s adoption by the UAE and the growing interest from other nations, such as Mauritius, in incorporating the...

India Post To Pay Back Consumer 50 Paise, Plus Rs 15,000

23 Oct 2024

India Post has faced significant consequences for failing to return 50 paise to a customer, leading a consumer disputes redressal commission to order a refund along with compensation. The commission mandated that the Department of Posts (DoP) pay Rs 10,000 to the complainant for causing mental distress, unfair trade practices,...

From UPI To 6G, Akash Ambani Outlines India’s Path To Global Tech Leadership

16 Oct 2024

In a bold statement at the International Telecommunication Union-World Telecommunication Standardisation Assembly (ITU-WTSA) 2024, Akash Ambani, Chairman of Reliance Jio, emphasized the critical need for Indian users' data to be stored within the country. He advocated for “incentives,” including subsidies on electricity, to encourage Indian companies to establish Artificial Intelligence...

Majority Of UPI Users Would Stop Using Service If Transaction Fees Are Introduced: Survey

23 Sep 2024

A recent survey by LocalCircles revealed that approximately 75% of UPI users would likely stop using the service if transaction fees were introduced. This underscores the strong preference for UPI's current fee-free model and emphasizes the potential consequences that any changes could have on its widespread adoption. Findings Of Survey...

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BPR 2024 : UPI Saw 15,547 Crore Transactions Worth Rs. 223 Lakh Crore From January To November 2024

UPI Records 15,547 Crore Transactions Worth ₹223 Lakh Crore from January To November 2024

The Journey From Cash To UPI, Is The New Payment Method Resulting In Overspending Or Saving Money?

Global Anti-Money Laundering Watchdog Lauds India’s Digital Stack For Financial Security

Spanish President Pedro Sanchez Joins Diwali Celebrations In Mumbai With Cultural Touch

Paytm Secures NPCI Nod To Onboard New UPI Users After Regulatory Setback

Narendra Modi Pushes For Global Adoption Of India’s UPI Payment System At BRICS Summit

India Post To Pay Back Consumer 50 Paise, Plus Rs 15,000

From UPI To 6G, Akash Ambani Outlines India’s Path To Global Tech Leadership

Majority Of UPI Users Would Stop Using Service If Transaction Fees Are Introduced: Survey

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