Upi News

Money

From Cash to UPI: How evolution of digital India fueled online payments?

Industry experts believe that initiatives like the Digital India campaign have aimed to bridge the digital divide and empower citizens with access to digital services, including payments

1 min read15 Mar 2024
Money

Is Paytm Payments Bank saga casting a shadow on India’s UPI success story? 3 experts weigh in

Most fintech players believe that crackdown on Paytm Payments Bank is a setback, albeit temporary, and does not encapsulate the state of affairs of the industry. They also assert that the UPI’s success story is yet not ripe, and has several more milestones to achieve

3 min read29 Feb 2024
News

After Mauritius, UPI to now enable cross-border payments in Nepal as well. Details here

The banking regulators of India and Nepal signed and exchanged Terms of Reference for integration of cross border payment between the two countries.

1 min read16 Feb 2024
Web Stories

UPI fraud: How to empower users for secure transactions?

Sophisticated tactics employed by hackers to exploit UPI vulnerabilities have resulted in a surge of fraud cases in India, including phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning.

1 min read2 Feb 2024
Money

Cracking the code: How to master UPI fraud management? MintGenie explains

Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning are common fraud methods.

3 min read2 Feb 2024
Money

Forex cards on their way out? Google Pay ties up with NPCI for expansion of UPI across the globe

It is believed that this partnership will help accelerate UPI’s global acceptance, providing foreign merchants access to Indian customers who do not need to rely on foreign currency or forex cards for making digital payments.

2 min read18 Jan 2024
Money

Major UPI apps enabled to receive direct remittances from Singapore; details here

The users of BHIM, PhonePe, and Paytm apps can receive remittance from Singapore via UPI. Additionally, some banks have also rolled out this functionality through their apps which include Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and SBI.

1 min read11 Jan 2024
Money

Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members: Report

NPCI has instructed banks, payment service providers and UPI applications to increase transaction limits for hospitals and educational services, RBI, UPI new limit

1 min read3 Jan 2024
Money

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher

UPI transactions continue to rise and total monthly transaction amount touched ₹18.23 lakh crore, 54 percent year-on-year higher than Dec 2022.

1 min read2 Jan 2024
Money

UPI accounts not operational stand to get de-activated from Jan 1 onwards

The process of deactivation will be done by the third-party application providers and PSP which will identify UPI IDs and associated UPI numbers and phone numbers of customers who have not carried out any transaction for one year from their UPI ID.

1 min read30 Dec 2023
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