Tag: Unified Payments Interface

UPI hits record scale: 24,162 crore transactions worth ₹314 lakh crore in FY26

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UPI hits record scale: 24,162 crore transactions worth ₹314 lakh crore in FY26

Image used for representation purpose only. | Photo Credit: The Hindu Unified Payments Interface (UPI) clocks 24,162 crore transactions worth ₹314 lakh crore in FY26, according to a press release by the government, underscoring the continued scale and adoption of India’s flagship digital payments platform. The data highlights the growing reliance on UPI across urban,…

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RBI, European Central Bank agree to start realisation phase for UPI–TIPS link

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RBI, European Central Bank agree to start realisation phase for UPI–TIPS link

The proposed UPI–TIPS interlinkage will facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions, the RBI said. Photo: X/@UPI_NPCI Reserve Bank of India (RBI) and NPCI International Payments Ltd (NIPL) on one hand and European Central Bank on the other, to connect Unified Payments Interface (UPI)…

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India (RBI) on February 8 announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. RBI…

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UPI gets global launch at Eiffel Tower in France

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UPI gets global launch at Eiffel Tower in France

National Payments Corporation of India’s (NPCI) Unified Payment Interface (UPI) being formally launched at the Eiffel Tower on February 2, 2024 | Photo Credit: PTI India on Friday formally launched UPI at the iconic Eiffel Tower here, terming it as taking Prime Minister Narendra Modi’s vision of taking UPI global. “UPI formally launched at the…

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Made Payment To Wrong UPI Address? Here’s How To Reverse It

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Made Payment To Wrong UPI Address? Here’s How To Reverse It

UPI has revolutionised digital transactions in recent years. Digital transactions have revolutionised the way we conduct financial activities today. These transactions involve the electronic exchange of money or assets between parties, often facilitated through online banking, mobile apps, or digital wallets. This is made possible by Unified Payments Interface (UPI), an instant payment system developed…

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