Unified Payments Interface (UPI) - News & Updates

[Bapun]

UPI now fulfils over half of all digital payments in India

 

[Bapun]

Source

 

[rahul1117kumar]

UPI payments beat last year figure amid pandemic: clock Rs 3.29 lakh crore transactions in September

The Unified Payments Interface (UPI) transactions have achieved a fresh milestone and have beaten last year numbers even while the economy is being ravaged by the coronavirus pandemic. The total worth of transactions stood at Rs 3.29 lakh crore in September 2020. The number of transactions stood at 180 crore for the period under review, according to National Payments Corporation of India (NPCI) data released on Thursday. The transactions were higher by over 10 per cent from Rs 2.98 lakh crore in August. In terms of volume, payments saw a 12 per cent month-on-month rise in the same month.

UPI payments beat last year figure amid pandemic: clock Rs 3.29 lakh crore transactions in September

 

[Bapun]

At 33,712, more than half of these complaints related to the Unified Payments Interface (UPI), followed by 10,898 complaints of frauds involving debit or credit cards, or those involving swapping of mobile phone SIM cards.

Govt received over 61k complaints of digital payment fraud in 1 month

At 33,712, more than half of these complaints related to the Unified Payments Interface (UPI), followed by 10,898 complaints of frauds involving debit or credit cards, or those involving swapping of mobile phone SIM cards.

www.hindustantimes.com

 

[iDJ]

UPI goes global. Time for end of duopoly of VISA and MasterCard.

https://twitter.com/x/status/1537320303374008325

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[iDJ]

Do share this video. I tried it works on smart phones too. It's useful when Internet and SMS services are down.

Source

 

[Bapun]

NRIs will soon be able to make payments in UPI without having to get an Indian mobile number!

NPCI says NRE/NRO accounts from select countries can access UPI using their international mobile numbers.

https://twitter.com/x/status/1613019270027571201

Source

 

[Bapun]

RBI to allow offline payment of UPI by using near-field communication; raises payment limit via UPI lite to Rs 500 from Rs 200

https://twitter.com/x/status/1689503579906650112

 

[OnlyTech]

RBI has also proposed to increase the UPI Lite offline mode payment limit to Rs. 500 from Rs. 200.

RBI announces new features for UPI: AI-powered conversational payments, NFC, and more

 

[Siddarth27]

RBI enhances UPI payment limits for healthcare, education & recurring e mandate.

RBI enhances UPI payment limits for healthcare and education

Along with steps to protect borrowers availing loans online, the Reserve Bank of India (RBI) on Friday enhanced the UPI payment limits for healthcare and education from ₹1 lakh to ₹5 lakh, and recurring e-payment mandates for credit card and insurance premia payments as well as mutual fund...

www.thehindu.com