As of now, the National Payments Corporation of India (NPCI), which operates UPI, hasn’t issued an official statement regarding the outage.
The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this year), with transaction value crossing Rs 2,330 lakh crore, the government
Digital payment platform Google Pay has started imposing a convenience fee on bill payments made with credit and debit cards.
The Securities and Exchange Board of India (Sebi) is set to come out with a new mechanism to ensure secure and efficient payments in the securities market through Unified Payments Interface (UPI).
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced that her government will provide ID cards to gig workers. Gig worker will also be provided access to healthcare via a social security scheme.
In the month of June, the Unified Payment Interface (UPI) transactions saw a marginal dip of 1 per cent in volume and 2 per cent in value.
With this development, Peru will soon have a UPI-like instant payments system.
The Unified Payments Interface (UPI) network in May set a new record by processing 14.04 billion transactions, up from 13.3 billion in April, the data released by the NPCI said.
This move marks a significant step in the conglomerate's efforts to diversify into the fast-growing consumer markets of digital payments and e-commerce.
With 75 per cent of all ‘Credit Cards (CC) on UPI’ transactions happening at small merchants, a new report on Thursday said that UPI (Unified Payments Interface) integration has fuelled growth in RuPay credit cards.
