UPI (Unified Payment Interface) Archives

RBI Raised Transaction Limit for UPI 123Pay to Rs 10,000 and for UPI Lite Wallet to Rs 5,000

Esha SomadderOctober 9, 2024October 9, 2024

by Esha SomadderOctober 9, 2024October 9, 20242 721

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,...

BUSINESS

UPI Surpasses 500 Million Daily Transactions in September, Reports NPCI

Dhruva KulkarniOctober 1, 2024October 1, 2024

by Dhruva KulkarniOctober 1, 2024October 1, 20242 1262

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...

INDIA

Trinidad & Tobago Partners with India to Develop UPI-Style Digital Payment Platform

Ali WaghbakriwalaSeptember 27, 2024September 27, 2024

by Ali WaghbakriwalaSeptember 27, 2024September 27, 20242 2297

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...

ECONOMY

RBI Plans To Launch ‘Unified Lending Interface’ Technology Platform

Esha SomadderAugust 26, 2024August 26, 2024

by Esha SomadderAugust 26, 2024August 26, 20240914

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....

TECHNOLOGY

Swiggy UPI Allows Users to Conduct UPI Transactions Directly within Swiggy App

Esha SomadderAugust 14, 2024August 14, 2024

by Esha SomadderAugust 14, 2024August 14, 202411006

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...

ECONOMY

RBI Proposed To Increase Upper Limit for UPI Tax Payments to Rs 5 Lakhs

Esha SomadderAugust 8, 2024August 8, 2024

by Esha SomadderAugust 8, 2024August 8, 202411080

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...

TECHNOLOGY

Ola’s Parent Company To Open Dark Stores To Support Quick Commerce

Esha SomadderAugust 8, 2024August 8, 2024

by Esha SomadderAugust 8, 2024August 8, 20242 1226

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...

STARTUPS

PhonePe Partners Up with LankaPay for UPI Payment in Sri Lanka

Ali WaghbakriwalaMay 20, 2024May 20, 2024

by Ali WaghbakriwalaMay 20, 2024May 20, 202412234

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...

STARTUPS

Zeta Launches Stack for UPI-Linked Credit

Ali WaghbakriwalaMay 10, 2024May 10, 2024

by Ali WaghbakriwalaMay 10, 2024May 10, 202401960

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...

WORLD

UPI Services Launched in Sri Lanka and Mauritius After France

Chinmay BohraFebruary 12, 2024February 12, 2024

by Chinmay BohraFebruary 12, 2024February 12, 202414789

India’s Unified Payment Interface (UPI) services were launched in Sri Lanka and Mauritius at 1 pm on Monday, February 12, just a few days after...

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Tag : UPI (Unified Payment Interface)