UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'

The launching of UPI services in Sir Lanka and Mauritius enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. | Photo Credit: The Hindu India’s Unified Payment Interface (UPI) services were on February 12 rolled out in Sri Lanka … Read more

UPI remittances abroad: Here’s how BHIM, PhonePe, and Paytm app users can transfer money to Singapore via smartphone

UPI remittances abroad: Here’s how BHIM, PhonePe, and Paytm app users can transfer money to Singapore via smartphone

Sending money from India to Singapore? Look no further than the UPI-PayNow link for fast, safe, and affordable transfers.    The cross-border linkage between the Unified Payments Interface (UPI) and PayNow enables Indians to receive instant, secure, and cost-effective remittances from the Singapore-based Indian diaspora directly into their bank accounts. Users of BHIM, PhonePe, and … Read more

UPI's increased transfer limit for hospitals will be applicable from January 10: NPCI

UPI's increased transfer limit for hospitals will be applicable from January 10: NPCI

The National Payments Corporation of India (NPCI) has asked its members to comply with the Reserve Bank of India’s (RBI’s) decision to increase the UPI transaction limit to Rs 5 lakh for hospitals and educational services by January 10. The NPCI has instructed banks, payment service providers (PSPs), and UPI applications to increase transaction limits … Read more

Year ender 2023: UPI transactions rose 147% in 5 years. A look at new features announced this year

Year ender 2023: UPI transactions rose 147% in 5 years. A look at new features announced this year

UPI transactions in 2023: India has witnessed an exceptional surge in Unified Payments Interface (UPI) transactions in 2023. In FY2022-23, 8,375 crore transactions were reported up from 92 crore transactions in FY 2017-18, showcasing a compound annual growth rate (CAGR) of 147% in terms of volume. UPI has emerged as a significant player in India’s … Read more

UPI scams on the rise: Here’s how you can protect yourself in 2024

UPI scams on the rise: Here’s how you can protect yourself in 2024

With increasing reliance on digital transactions, the Unified Payments Interface (UPI) has become a popular and convenient method for money transactions. However, this convenience also comes with the risk of fraud. As we step into 2024, it’s crucial to be proactive in protecting financial information and ensuring a secure digital payment experience. There are several … Read more

The Hindu Morning Digest, December 09, 2023

The Hindu Morning Digest, December 09, 2023

The Centre has imposed a ban on the export of onions until March 31, 2024, to curb the surging local prices of the product.  | Photo Credit: PTI NHRC issues notice to Manipur govt. over killing of 13 persons in Tengnoupal district The National Human Rights Commission (NHRC) on Friday issued notice to the Manipur … Read more

Google Pay is used more for payments in India and Poland than in the US or UK: Survey

Google Pay is used more for payments in India and Poland than in the US or UK: Survey

As one of the top five mobile payment services, Google Pay accounted for 26% of all online transactions last year. Today, more than 150 million users across 42 markets use Google’s mobile payments service to manage their payments with one tap and swipe. But in some countries, the app is used much more than in … Read more

BBMP monitoring UPI digital bribes to voters, says District Election Officer Tushar Giri Nath

BBMP monitoring UPI digital bribes to voters, says District Election Officer Tushar Giri Nath

Bengaluru Bruhat Bengaluru Mahanagara Palike (BBMP) Chief Commissioner Tushar Giri Nath, who is also the Bengaluru City District Election Officer, said there have been no cases of alleged digital bribes found in the city so far. Mr. Giri Nath on Tuesday participated in the ‘Meet the Press’ event organised by the Press Club of Bangalore … Read more

NPCI chief says basic UPI services will remain free

NPCI chief says basic UPI services will remain free

Kumarakom: The basic UPI services will continue to remain free, and India will reach an agreement with some of the countries by the end of 2023 to start a discussion on remittances and payments, said Dilip Asbe, managing director & CEO, National Payments Corporation of India (NPCI). “The basic services of UPI will continue to … Read more