The Reserve Bank of India (RBI) has raised the UPI Lite wallet limit from ₹2,000 to ₹5,000, which aims to encourage digital transactions. The new rules were announced...
UPI is the mobile payment method in India. Similarly, PAYNOW is a mobile payment method in Singapore. The countries have planned to link these two mobile payment methods....
UPI allows users to use multiple bank accounts on the same platform. Till 2022, credit cards couldn’t be used on UPI. In June 2022, the Reserve Bank of...
The machine was launched by the Reserve Bank of India. The apex bank finalized its decision of launching the machine during its recently held MPC meeting. The QR...
The Phone Pe app was developed based on Unified Payments Interface. It is now owned by Flipkart (A subsidiary of a US Company called Walmart). The headquarters of...
The RBI constructed the Digital Payments Index to learn about digital payments in the country. The index is calculated based on five parameters namely Payment Enablers, Consumer centricity,...
India Stack is the collection of Application Peripheral Interfaces launched by the Government of India. This includes BHIM, Digilocker, UPI, and several other applications. According to a recent...
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...
The National Payments Corp. of India (NPCI) has made a significant move that allows Indians abroad to use the fast payments network Unified Payments Interface (UPI) as long...
India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume...
