BHIM UPI

First India Stack Developer Conference

January 25, 2023

After the COVID pandemic, India emerged as one of the pioneers in digital technologies. To develop them further, the Ministry of Electronics and IT recently conducted the India Stack Developer Conference. This is the first time India is hosting such ..

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Incentive scheme for promotion of RuPay Debit Cards

January 12, 2023

The Indian government has recently approved an incentive scheme worth Rs 2,600 crore to promote Rupay debit card and low-value BHIM-UPI transactions in the current financial year. The decision was made during a meeting of the Cabinet Committee on Economic ..

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Single-block-and-multiple debit in UPI

December 8, 2022

At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..

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BHIM App open-source license model

November 11, 2022

BHIM App open-source license model was announced by the National Payments Corporation of India (NPCI). What is BHIM App open-source license model? Under the BHIM App open-source license model, regulated entities in the UPI ecosystem can get license for accessing ..

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Global Fintech Fest 2022

September 21, 2022

The Global Fintech Fest 2022 is organized to provide a platform to discuss ways to achieve sustainable finance. Key facts The GFF 2022 is jointly organized by National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and ..

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Launch of UPI in UAE

April 22, 2022

The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL) has announced that across the UAE, BHIM UPI is live on NEOPAY terminals. Overview: This initiative will be empowering the millions of Indians who travel ..

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Scheme for promotion of RuPay Cards and low-value BHIM-UPI transactions

December 16, 2021

On December 15, 2021, Union Cabinet approved an incentive scheme of worth Rs 1,300 crore for promoting RuPay Debit Cards and low-value BHIM-UPI transactions. Key Points Under the scheme, low value BHIM-UPI transactions of up to Rs 2,000 will be ..

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NPCI extends BHIM UPI to Bhutan

July 14, 2021

Bhutan has become first country to adopt Unified Payment Interface (UPI) standards of India for its quick response (QR) code. Key Points Bhutan after Singapore has become the second country to have BHIM-UPI acceptance at merchant locations. International wing of ..

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