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UPI transactions touched record 16.73 billion in December 2024: NPCI data

The average daily transaction count during December was 539.68 million, up from 516.07 million in November.

In November 2024, the UPI transaction count was 15.48 billion, NPCI data showed.(Shutterstock)

business

Published on Jan 02, 2025 09:10 PM IST

PTI |

UAE supermarket introduces UPI payments across outlets countrywide

The inaugural transaction using UPI at the Al Maya Supermarket was conducted in the presence of the Deputy Consul General of India in Dubai, Yatin Patel.

Kamal Vachani, Group Director and Partner of Al Maya Group, highlighted the convenience and benefits that UPI payments bring to Indian customers.

business

Published on Jul 20, 2024 12:34 PM IST

PTI |

India's retail digital payments can double to $7 trillion by 2030: Amazon Report

Retail digital payments in India are expected to double to $7 trillion by 2030, primarily driven by Unified Payments Interface (UPI) adoption and usage.

UPI is an instant payment system developed by the NPCI. (Representative)

business

Published on Jul 14, 2024 05:22 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Leverage UPI’s global leap for remittances

Policymakers, regulators, and stakeholders must join forces to craft a framework that guarantees the smooth integration of UPI with global payment systems

BHIM is an app that allows transactions using Unified Payments Interface.(Saumya Khandelwal/HT File Photo)

opinion

Published on Feb 27, 2024 10:09 PM IST

ByAmarendu Nandy

Google Pay SoundPod to launch in India, to be available for small merchants

The device was introduced last year as a limited pilot product.

Google Pay SoundPod (Image courtesy: Google)

technology

Published on Feb 24, 2024 06:13 PM IST

ByHT News Desk, New Delhi

India's UPI services introduced in Sri Lanka, Mauritius

India's Unified Payments Interface (UPI) services were on Monday introduced in Sri Lanka and Mauritius at a virtual event.

business

Updated on Feb 12, 2024 01:49 PM IST

ByHT News Desk

Sri Lanka, Mauritius will get UPI services, PM Modi to be virtually present

President of Sri Lanka, Ranil Wickremesinghe and Prime Minister of Mauritius, Pravind Jugnauth will also attend the video conference.

Prime Minister Narendra Modi will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius(File photo)

india news

Published on Feb 11, 2024 07:08 PM IST

ByAdarsh Kumar Gupta

Visiting Eiffel Tower? You can now buy tickets via UPI | 5 points

Indians constitute the second-largest group of international visitors to the iconic monument, according to NPCI International Payments Limited (NIPL).

business

Published on Feb 02, 2024 05:43 PM IST

ByHT News Desk, New Delhi

What is quishing scam? All you need to know about new QR code scanning fraud

Quishing scam is on the rise in India, where scammers are using QR code scanning to steal money and identity of citizens.

A QR code of Paytm is seen at a mobile repairing shop in Kolkata. (Reuters)(Reuters)

technology

Published on Jan 19, 2024 01:00 PM IST

ByVaishnawi Sinha

5 new ways to use UPI payments as 2024 begins with these rule changes

Several changes are set to be introduced in how you use UPI payments. Take a look at them here.

UPI representative image.(Mint file photo)

business

Published on Jan 01, 2024 03:10 PM IST

ByHT News Desk

When will UPI's ‘Tap & Pay’ go live? Here's what NPCI said

The feature was announced by RBI Governor Shaktikanta Das in September.

business

Published on Dec 27, 2023 09:47 PM IST

ByHT News Desk, New Delhi

UPI transactions surge from ₹92 crore to 8,375 crores in 5 years: Govt

In the ongoing financial year until December 11, UPI has achieved 8,572 crore transactions: FinMin

With its UPI, India has taken the lead and made significant progess.(MINT)

business

Published on Dec 18, 2023 09:11 PM IST

ByHT News Desk

How to make a UPI payment despite insufficient balance in account?

On September 4, the Reserve Bank of India expanded the scope of UPI payments by enabling transactions to or from pre-sanctioned credit lines at bank.

According to NPCI, payments above <span class='webrupee'>₹</span>2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%.(Shutterstock)

business

Published on Sep 17, 2023 01:39 PM IST

ByHT News Desk | Edited by Aryan Prakash

India and Thailand consider expanding trade basket, address export issues

The meeting of the India-Thailand Joint Trade Committee was co-chaired by Thailand’s DG of department of trade negotiations Auramon Supthaweethum and commerce ministry’s joint secretary Indu C Nair.

The meeting on Thursday was the first physical meeting of the JTC, which was revived in 2020 after a gap of 17 years. (Twitter/DoC_GoI)

business

Updated on Apr 20, 2023 09:52 PM IST

ByHT Correspondent

Received money on your UPI app from a stranger? Here's what you should do next

Cybercriminals can access your PAN, Aadhaar and bank account details by taking advantage of your ignorance.

FILE PHOTO: A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network after a cyber attack, the company said on Friday. REUTERS/Kacper Pempel/Illustration/File Photo(REUTERS)

technology

Updated on Mar 22, 2023 03:30 PM IST

ByAryan Prakash

How to protect your UPI transactions from online threats? Follow these 5 tips

While the digital payments are being used by people in transactions, the threats from cybercriminals cannot be ruled out. The online fraudsters are on the prowl to dupe innocent UPI users.

With its UPI, India has taken the lead and made significant progress toward promoting digital payment transactions.(MINT)

technology

Updated on Feb 25, 2023 01:48 PM IST

ByHT News Desk | Written by Aryan Prakash

RBI unveils UPI payments facility for international travellers in India

According to the RBI statement, the facility is available to the travellers from G-20 nations at select international airports of New Delhi, Mumbai and Bengaluru.

UPI is a mobile-based fast payment system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address (VPA). (File)

business

Published on Feb 21, 2023 09:37 PM IST

ByHT News Desk | Edited by Aryan Prakash

Money transfers between India-Singapore will soon be possible through UPI

Money can be transferred from India to Singapore using mobile phone numbers and from Singapore to India using UPI virtual payment addresses under the proposed linkage (VPA), through this initiative.

UPI-PayNow will benefit workers who come to Singapore for a brief period of time and typically sacrifice about 10% of the amount as bank fees for money transfers. (Representational Image)(Mint file)

india news

Published on Nov 11, 2022 08:39 AM IST

Written by Lingamgunta Nirmitha Rao | Edited by Poulomi Ghosh

Why have shopkeepers stopped giving toffees instead of loose cash?

Over the years, this practice of giving away toffees instead of the remaining change account became prevalent at all shops. But in two years of pandemic, everything as changed

People started paying the exact amount through their UPI platforms at shops, thereby removing the change factor.(Abhishek Patil/LinkedIn)

business

Updated on Oct 17, 2022 02:11 PM IST

ByAryan Prakash

No charges on using RuPay credit card for UPI transactions less than ₹2,000

In its circular dated October 4, the NPCI said that during credit card on-boarding on the apps, the device and the UPI PIN setting process shall include and be construed as customer consent for card enablement for all kinds of transactions.

Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments.

business

Published on Oct 05, 2022 04:49 PM IST

ByHT News Desk | Written by Aryan Prakash

RuPay introduces UPI payments through its credit cards. Details here

By linking RuPay credit card on UPI, now the customers can benefit from increased opportunity to use their credit cards while the merchants will benefit from the increase in consumption by being a part of the credit ecosystem with the acceptance of credit cards using QR codes, the NPCI said in a statement.

The RuPay credit card will be linked to a virtual payment address, also known as the UPI ID, and will directly enable secure payment transactions.(Mint file)

business

Published on Sep 21, 2022 12:26 PM IST

ByAryan Prakash

You can create multiple IDs in your Google Pay account. Follow these steps

you can create multiple IDs in your Google account to be able to make payments through different bank accounts. In case a UPI route is not available at any given point of time, the app will select the second option.

Now, it is easier to create multiple IDs on Google Pay(Google)

business

Published on Sep 10, 2022 11:48 AM IST

ByAryan Prakash

Modi lauds ‘India in Pixels’ for digital payments explainer 'sound of money'

India had achieved a total of 8,193 crore digital payment transactions by March 20.

Prime Minister Narendra Modi. (PTI PHOTO)

india news

Published on Apr 13, 2022 05:41 PM IST

Written by Manjiri Sachin Chitre | Edited by Aniruddha Dhar

Digital payments remain preferred mode of payment amid festive season: Study

The survey also showed that pandemic continues to bring changes in consumer behavior. It recorded a rise in number of people across age groups and gender using digital payments more frequently while shopping during festive season.

One of the major findings of the survey was that 41% of the respondents said that they preferred to use digital modes of payment over other modes of payment.(HT Archive)

business

Published on Oct 29, 2021 10:59 PM IST

Written by Shankhyaneel Sarkar | Edited by Poulomi Ghosh, Hindustan Times, New Delhi

Flawed regulation can undermine the digital payment ecosystem

The National Payments Corporation of India’s (NPCI) announcement on the limits placed on Unified Payments Interface (UPI) transactions for third-party apps is flawed

The given justification for this rule by NPCI was to “address the risks and protect the UPI ecosystem as it further scales up”. Unfortunately, this justification raises more questions than provides answers. The new rule is both unnecessary and inconsistent for a set of reasons.(MINT)

analysis

Updated on Nov 11, 2020 08:32 PM IST

ByAnupam Manur

WhatsApp gets India permit to go live with payments service. How it can affect payment markets

WhatsApp pay can go live using the homegrown, multibank Unified Payments Interface, the National Payments Corporation of India said in a statement Thursday.

India’s payments market is crowded with domestic pioneer Paytm, Alphabet Inc.’s Google Pay, Walmart Inc.’s PhonePe, Amazon.com Inc.’s Amazon Pay and dozens of other startups(REUTERS)

business

Published on Nov 06, 2020 09:57 AM IST

Bloomberg | ByBloomberg

UPI payments grow 80% in a year with over 2 billion payments: NITI Aayog CEO

As per Kant, the transaction volume has grown 80 per cent in a year’s time as there were 1.14 billion payments made through UPI in October last year.

The peak in digital mode of payments by users has come amid the coronavirus phase, as also the festive season began in the country.(Hindustan Times)

business

Published on Nov 02, 2020 01:37 PM IST

New Delhi | ByAsian News International

UPI payments hit all-time high of 1.34 billion transactions in June

UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials.

NPCI was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. It has created a robust payment and settlement infrastructure in the country.(NPCI)

business

Published on Jul 02, 2020 11:01 AM IST

New Delhi | ByPress Trust of India

Covid-19 has opened the doors for Gov Tech 3.0 | Analysis

The government should now focus on creating digital commons, while ensuring robust privacy protection

Many countries, including India, have deployed contact tracing apps developed through public-private partnerships, to prevent the spread of the virus, and are crowd-sourcing relevant information from citizens(AP)

analysis

Updated on Jun 11, 2020 07:17 PM IST

ByVarad Pande and Kriti Mittal

Over 100 government websites hacked during January-November 2018, says IT ministry

To another query, minister of state for electronics and IT S S Ahluwalia said a total of three, 14 and six financial fraud incidents affecting ATMS, cards, point of sale (PoS) systems and Unified Payment Interface (UPI) have been reported during the years 2016, 2017 and 2018 (up to November), respectively.

Computer hacker. Internet crime working on a code on laptop screen with dark digital background. Cyber attack in cyberspace concept(Getty Images/iStockphoto)

india news

Published on Dec 19, 2018 07:38 PM IST

New Delhi | ByPress Trust of India

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Latest from unified payment interface

The average daily transaction count during December was 539.68 million, up from 516.07 million in November.

The inaugural transaction using UPI at the Al Maya Supermarket was conducted in the presence of the Deputy Consul General of India in Dubai, Yatin Patel.

Retail digital payments in India are expected to double to $7 trillion by 2030, primarily driven by Unified Payments Interface (UPI) adoption and usage.

Policymakers, regulators, and stakeholders must join forces to craft a framework that guarantees the smooth integration of UPI with global payment systems

The device was introduced last year as a limited pilot product.

India's Unified Payments Interface (UPI) services were on Monday introduced in Sri Lanka and Mauritius at a virtual event.

President of Sri Lanka, Ranil Wickremesinghe and Prime Minister of Mauritius, Pravind Jugnauth will also attend the video conference.

Indians constitute the second-largest group of international visitors to the iconic monument, according to NPCI International Payments Limited (NIPL).

Quishing scam is on the rise in India, where scammers are using QR code scanning to steal money and identity of citizens.

Several changes are set to be introduced in how you use UPI payments. Take a look at them here.

The feature was announced by RBI Governor Shaktikanta Das in September.

In the ongoing financial year until December 11, UPI has achieved 8,572 crore transactions: FinMin

On September 4, the Reserve Bank of India expanded the scope of UPI payments by enabling transactions to or from pre-sanctioned credit lines at bank.

The meeting of the India-Thailand Joint Trade Committee was co-chaired by Thailand’s DG of department of trade negotiations Auramon Supthaweethum and commerce ministry’s joint secretary Indu C Nair.

Cybercriminals can access your PAN, Aadhaar and bank account details by taking advantage of your ignorance.

While the digital payments are being used by people in transactions, the threats from cybercriminals cannot be ruled out. The online fraudsters are on the prowl to dupe innocent UPI users.

According to the RBI statement, the facility is available to the travellers from G-20 nations at select international airports of New Delhi, Mumbai and Bengaluru.

Money can be transferred from India to Singapore using mobile phone numbers and from Singapore to India using UPI virtual payment addresses under the proposed linkage (VPA), through this initiative.

Over the years, this practice of giving away toffees instead of the remaining change account became prevalent at all shops. But in two years of pandemic, everything as changed

In its circular dated October 4, the NPCI said that during credit card on-boarding on the apps, the device and the UPI PIN setting process shall include and be construed as customer consent for card enablement for all kinds of transactions.

you can create multiple IDs in your Google account to be able to make payments through different bank accounts. In case a UPI route is not available at any given point of time, the app will select the second option.

India had achieved a total of 8,193 crore digital payment transactions by March 20.

The survey also showed that pandemic continues to bring changes in consumer behavior. It recorded a rise in number of people across age groups and gender using digital payments more frequently while shopping during festive season.

The National Payments Corporation of India’s (NPCI) announcement on the limits placed on Unified Payments Interface (UPI) transactions for third-party apps is flawed

WhatsApp pay can go live using the homegrown, multibank Unified Payments Interface, the National Payments Corporation of India said in a statement Thursday.

As per Kant, the transaction volume has grown 80 per cent in a year’s time as there were 1.14 billion payments made through UPI in October last year.

UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials.

The government should now focus on creating digital commons, while ensuring robust privacy protection

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