Unified Payments Interface
Indian instant payment system
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Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts. The mobile number of the device is required to be registered with the bank. The UPI ID of the recipient can be used to transfer money. It runs as an open source application programming interface (API) on top of the Immediate Payment Service (IMPS), and is regulated by the Reserve Bank of India (RBI). Indian Banks started making their UPI-enabled apps available on Google Play on 25 August 2016.
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UPI transaction limit changing from tomorrow; here's all you need to knowFrom Monday (September 16), the updated UPI limit will also be applicable for other transactions, including hospital expenses, educational institutions, IPOs and RBI retail direct schemes.DNA - Published | |
Banking, Aadhaar, UPI rules to change from September, know if it will affect you...Telecom, Banking, Online transaction and many more to implement new changes in their service starting this SeptemberDNA - Published | |
After France, Singapore, UAE, India to introduce UPI services in this countryDeveloped by the National Payments Corporation of India (NPCI), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phonesDNA - Published | |
Flipkart poses direct challenge to Paytm, Amazon Pay, Google Pay, PhonePe as it launches....Flipkart, which claims to have more than 50 crore registered users and 14 lakh sellers on its marketplace, aims to reduce dependence on third-party UPI apps such as Paytm, PhonePe, Google Pay, and..DNA - Published | |
UPI services launched in Sri Lanka and Mauritius, PM Modi attends virtual eventIndiaTimes - Published | |
Jaipur roadshow over masala tea and UPIIndiaTimes - Published | |
Watch: PM Modi explains UPI system to French President Macron outside local shop in JaipurIndiaTimes - Published | |
French President Macron, PM Modi likely to use UPI for transaction at Hawa Mahal in JaipurFrench President Emmanuel Macron will land in Rajasthan's Jaipur on Thursday and meet Prime Minister Narendra Modi in Jaipur. Both leaders are likely to use UPI for transactions at Hawal Mahal after..IndiaTimes - Published | |
G20: India to provide hands-on UPI experience to visiting delegatesIndia's central government plans to showcase the country's digital public goods and its 'Digital India' initiative during its G20 Presidency by providing hands-on experiences to visiting foreign..IndiaTimes - Published | |
German Minister buys vegetable from roadside vendor using UPI in India, video goes viralIn the pictures and video posted by Germany Embassy in India on X, Wissing can be seen using the Unified Payments Interface (UPI) to make a payment to a vegetable seller.DNA - Published | |
German embassy shares footage of minister using UPI in India"One of India's success story is digital infrastructure. UPI enables everybody to make transactions in seconds. Millions of Indians use it," the embassy said on X. The video showed the minister buying..IndiaTimes - Published | |
German embassy praises India's UPI, shares video of minister making payment digitallyIndiaTimes - Published | |
Now, India plans currency, UPI deal with IndonesiaAfter the United Arab Emirates, India is looking to seal a deal for bilateral trade in domestic currency, real-time card recognition and digital payments, a move that will promote the use of UPI and..IndiaTimes - Published | UPI now in market of a developed nationIndiaTimes - Published |
PM Modi announces deal on use of Indian UPI in France, says 'soon, tourists will have the option to pay in rupees'IndiaTimes - Published | PM Modi visit: France likely to use India's UPI payment system, first European giant to so, full detailsIt is expected that PM Modi will announce the connectivity from a famous Paris location if all UPI agreements are completed on schedule.DNA - Published |
Rs 2000 notes withdrawn: Move over UPI! Now 2000 notes become customer favourite in Delhi marketsAs the RBI announced that all Rs 2000 notes are being withdrawn in the country, these rare notes have made a major appearance across market places in Delhi.DNA - Published | UPI - Pay Now link shows the new age global approach of the Government shares Partho DasguptaPartho Dasgupta talks about the popularity of UPI and how its link with Pay Now is going to change cross-border financial transactionsDNA - Published |
Debunking fake news on lockdown & UPI transactions, 1 message at a timeIndiaTimes - Published | India flexes digital strength in bid to fuel Malaysia, ASEAN relationsIn April, a team of experts from Malaysia is visiting India to talk to the regulators, banks and financial institutions for exploring possibilities in collaborating with India’s game-changer Unified..IndiaTimes - Published |
Aadhaar, UPI can have global impact: Bill GatesIndiaTimes - Published | Mann Ki Baat: Many countries drawn to India's UPI, says PM ModiAddressing the 98th Edition of 'Mann Ki Baat' radio programme, PM Modi remarked that the UPI (Unified Payments Interface) system and e-App are shining example of the power of Digital India.IndiaTimes - Published |
Digital transactions will soon exceed cash in India: PM ModiPM Modi on Tuesday expressed hope that digital transactions will soon surpass cash as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country...IndiaTimes - Published | India, UAE talk on trade ties, use of UPI for remittancesIndiaTimes - Published |
UPI transactions hit all-time high of Rs 10.7 lakh crore in AugustIndiaTimes - Published | |
