UPI Current Affairs, GK & News

WhatsApp Pay: NPCI approves WhatsApp to join UPI Payment

On November 6, 2020, the National Payment Corporation of India approved the Facebook owned messaging Application, WhatsApp to “Go Live” on UPI. This is to be achieved through new feature of WhatsApp called “WhatsApp Pay”. Key Highlights In order to achieve this, WhatsApp has partnered with five banks namely ICICI Bank, Indian Bank, Axis Bank, ..

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UPI transactions at record 1.49 billion in July

In the first such case, the Unified Payments Interface based transactions have reached the highest ever tally of 1.49 billion in the month of July whereas the total value of transactions has reached the lifetime high of Rs 2.9 lakh crore. This proves more people trust this platform and also the individual transaction value is ..

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Bengaluru accounts for the highest number of digital transactions in India

As per the recent report by online payment processor Worldline India, Bengaluru accounted for the highest number of digital transactions in India in 2019. Bengaluru, which was the leading city in digital transactions in 2018, is followed by Chennai, Mumbai and Pune this year. The report also revealed that United Payments Interface (UPI) was the most preferred ..

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NPIC to export UPI, sets up subsidiary: RBI Governor

The Unified Payment Interface was introduced in India in 2016. Based on its performance, Google has recommended similar service called FedNow to the US Federal Reserve Board. With its growing popularity, the RBI on December 16, 2019 announced that NPCI will set up a subsidiary to export UPI. India is already extending the app to ..

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UPI to be launched globally after hitting One Billion transactions in October

The Government of India in its major boost towards cash less digital economy launched the Unified Payments Interface (UPI) channel. The transactions through the channel has reached One Billion in the month of October Highlights The milestone has been achieved after three years of launch of technology backed payments solution. The system was built by ..

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