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UPI contribution to digital payments spike over double in 5 years: RBI
Unified Payments Interface (UPI)’s contribution cumulatively to the digital payments ecosystem more than doubled in five years, data from the Reserve Bank of India (RBI) said. UPI contribution ...
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UPI reigns supreme; share of prepaid instruments in digital payments drops 24% in two years, shows RBI data
The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments ...
From April 1, these rules will change for UPI payments; details here
The latest regulations mandate banks, Payment Service Providers (PSPs), and third-party UPI service providers like PhonePe, ...
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RBI introduces two new UPI features! From cash deposit to PPI wallet interoperability - what they mean for you
New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash ...
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UPI Set For Global Growth, Says RBI Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das expressed optimism about the continued global expansion of the Unified Payments Interface (UPI), envisioning its presence in more countries in ...
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RBI proposes depositing cash in Cash Deposit Machines using UPI; widens scope of CBDC
Mumbai (Maharashtra) [India], April 5 (ANI): The Reserve Bank of India has proposed cash deposit in banks through Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI ...
UPI transaction limit increased: RBI announces new limits for Lite wallet and 123Pay
The Reserve Bank of India (RBI) has introduced new transaction limits for UPI Lite Wallet and UPI 123Pay, a significant step ...
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Change in UPI Rule: RBI allows UPI access for prepaid payment instruments via third-party apps
The Reserve Bank of India (RBI) has significantly expanded the functionality of Prepaid Payment Instruments (PPIs) by allowing users to make and receive UPI payments through any third-party UPI ...
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UPI to deposit cash at ATMs? RBI's amazing new rule
Deposit cash via UPI at ATM? While we can withdraw cash from ATMs using UPI, we can now deposit cash at ATM too. The Reserve Bank of India (RBI) has now enabled a cash deposit facility through UPI ...
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Use UPI to deposit cash at ATMs soon, says RBI Governor Shaktikanta Das
Your Unified Payments Interface (UPI) has just been upgraded. In an important announcement today, the Reserve Bank of India (RBI) has indicated that users can now ...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps
Mumbai, Dec 27 (PTI) The Reserve Bank on Friday allowed prepaid payment instruments holders to make and receive UPI payments through third-party mobile applications. It has been decided to enable ...
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Now use any UPI app to transfer money from prepaid wallets - RBI's new rule DECODED
Great news for PPI users: Now you no longer have to rely upon third party prepaid payment instrument (PPI) wallets to make UPI payments. The Reserve Bank of India (RBI) announced that individuals ...