Soon, you can deposit cash using UPI at ATMs: RBI
RBI also allows UPI access for prepaid payment instruments via third-party applications
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April 2024
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MobiKwik rolls out Pocket UPI; here's how it works
The primary objective of ‘Pocket UPI’ is to address the tendency of users to overlook minor or recurring expenses when UPI is directly linked to bank accounts.
UPI transactions hit record high of ₹14.3 lakh cr in May
The number of UPI transactions increased to 941 crore in May compared with 889 crore in April.
UPI to be used for 90% of retail digital payments by FY27: PwC
Credit card on UPI, int’l transactions for foreign inbound travellers and cross-border transactions on UPI, credit lines on UPI to benefit to ecosystem players, says report
PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
UPI transactions up 50% to 36 cr in one year: RBI Governor
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
Indians can now transfer money to & from Singapore via UPI
An Indian user can remit up to ₹60,000 in a day, says the RBI.
Paytm Payments Bank launches UPI LITE for faster transactions
This means that users can make payments without entering a password. The UPI LITE feature was enabled by the National Payments Corporation of India on the app.
GeM sees UPI-like surge in adoption; 100% growth to ₹1.53 lakh cr in FY23
State government orders on the platform have grown 72%- from 6.88 lakh orders in March-Jan FY22 to 11.8 lakh orders in until Feb 1, FY23.
RBI allows UPI to foreign phone nos from April
New facility to help students studying abroad, family members and businesses use UPI without having an Indian SIM card.
