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New Delhi: The Finance Ministry on Wednesday said that “speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading”. “Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed to promoting digital payments via UPI,”…
Last Updated:June 05, 2025, 19:14 is In May 2025, UPI transaction value was 12 times the combined total of all card payments, processing Rs 25 lakh crore in transactions during the month In May 2025, UPI transactions were 12 times higher in value than the combined total of all card transactions. (Representative/AP) India’s Unified Payments…
New Delhi: UPI users from July 31, 2025 will see new limits on how often they can perform non-financial actions like checking balances or viewing transaction statuses. This move was announced by the National Payments Corporation of India (NPCI) is part of a new framework to better manage API usage and ensure smoother UPI services…
New Delhi: In today’s fast-paced world, the Unified Payments Interface (UPI) has become an essential part of our daily lives. From paying for a cup of coffee to handling bigger transactions like online shopping or even paying rides, UPI is our go-to solution for instant payments. These IDs are usually a mix of letters and…
New Delhi: The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, the Finance Ministry said on Saturday. The ministry, in a social media post on X, stated that the UPI transaction figures showcase its transformative impact on financial transactions in India.With a social…
New Delhi: India’s Unified Payments Interface (UPI) in October achieved a new milestone. The National Payments Corporation of India (NPCI) reported an incredible 16.58 billion transactions totaling Rs 23.50 lakh crore. This marks a 45 percent jump compared to the same month last year.It was largely fueled by increased spending during the festival season. In…
New Delhi: As India moves towards a cashless economy, online payments have become a vital part of daily life. UPI transactions are leading the way. However, for digital payments to work smoothly we must have a reliable internet connection. But sometimes, poor connectivity can get in the way which makes it difficult to complete online…
UPI vs UPI Lite: As we all know the National Payments Corporation of India (NPCI) has launched two versions of a digital payment system: UPI (Unified Payments Interface) and UPI Lite. These payments are used for digital transactions in India and become an essential part of daily transactions for many because of the convenience of…