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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: Indian tourists visiting the United Arab Emirates (UAE) will be able to use Unified Payments Interface (UPI) to make payments over a wider range of merchant locations with NPCI International Payments Limited (NIPL) announcing that it has entered into a partnership with Magnati, a payment solutions provider in the Middle East. The collaboration…
Starting January 1, 2025, a slew of regulatory and financial changes will be coming into effect, affecting citizens across the country. From changes in the Employees’ Provident Fund Organisation (EPFO) procedures to adjustments in LPG pricing and the Unified Payments Interface (UPI), the new year could have a significant impact on your wallet. Here’s a…
New Delhi13 minutes ago copy link Yesterday’s big news was related to the valuation of the top 10 companies of the country. The valuation of 5 out of the top-10 companies has increased by Rs 1,13,117 (1.13 lakh) crore after last week’s trading. IT company Infosys Limited will announce results on January 16 for the…
Hindi News Business Business Brief Detailed Business News | Share Market, Aadhaar, Deadline, UADAI, UPI New Delhi44 minutes ago copy link Yesterday’s big news was related to Aadhaar card. Unique Identification Authority of India (UIDAI) has again extended the deadline for updating Aadhaar for free by 6 months. Now you will be able to update…
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…
India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth by enabling underserved groups, including subprime and new-to-credit borrowers to access formal credit for the first time, according to a new study by IIM and ISB professors. The authors said that the success of UPI can be replicated in…
New Delhi: The Reserve Bank of India on Friday said that Small Finance Banks will now be allowed to extend pre-sanctioned credit lines through the UPI. “Credit line on UPI was launched in September 2023 and was made available through Scheduled Commercial Banks (SCBs). It has now been decided to permit Small Finance Banks also…
New Delhi: The mega success story of Unified Payments Interface (UPI) continues, and it would be no surprise if the number of UPI transactions touches 25 billion a month towards the end of 2025, industry experts said on Monday. After reaching a record high in October 2024 of 16.58 billion transactions and a value of…
UPI 123 Pay Limit: The Reserve Bank of India (RBI) has recently raised the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000. But do you know what UPI 123Pay is? UPI 123Pay is a suite of solutions designed for non-smartphone and feature phone users, enabling them to use UPI services without internet access….