NEW DELHI: The Unified Payments Interface (UPI), since its launch in 2016, has vastly transformed financial access in the country, enabling 300 million individuals and 50 million merchants to perform seamless digital transactions, and till October last year, 75% of all retail digital payments in India were made through UPI, according to a research paper […]
UPI Lite: The amendment to the framework for UPI Lite was announced by the RBI on December 4, 2024. New UPI rules 2024: The Reserve Bank of India (RBI) has enhanced the transaction threshold for offline digital payments made via UPI Lite. This increase in UPI Lite transaction limit is particularly advantageous for individuals residing […]
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced an increase in the transaction limit for offline digital payments made through UPI Lite. The changes, with an immediate effect, raise the per-transaction limit from Rs 500 to Rs 1,000 and the overall limit from Rs 2,000 to Rs 5,000. UPI Lite is a streamlined […]
MUMBAI: UPI transactions in Nov 2024 showed a slight dip from the previous month. While total transaction volume fell by 6.6% to 1,548 crore, overall value declined by 8.3% to Rs 21.6 lakh crore. In Oct, transactions had risen to 1,658 crore in volume and Rs 23.5 lakh crore in value, driven by e-commerce sales.Bankers […]
NEW DELHI: One97 Communications (OCL), which operates under the Paytm brand, announced on Tuesday that their users can now make UPI payments at specific international destinations, including select locations in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. This service enables customers to handle various transactions, including retail purchases, restaurant bills, and local activities abroad […]
One97 Communications Limited (OCL), which owns the brand Paytm, has enabled Paytm users to make UPI payments at select international locations. Indian travellers can now use their Paytm app to make seamless, cashless payments at destinations where UPI is accepted, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. “With UPI International, […]
