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Creative Bharat > Blog > UPI

‘Energy is next UPI’: Nandan Nilekani likely to spearhead India’s digital energy grid vision, aims to Cut power distribution costs by 25%

Infosys co-founder Nandan Nilekani is expected to lead a new task force focused on digitising and decentralising India’s power sector, according to officials familiar with the matter.If formalised, this will mark the second time the government has sought Nilekani’s expertise to shape reforms in the power domain.The proposed task force will operate under the Ministry […]

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Coins losing sheen as UPI shines

CHENNAI: Coins are going for a toss, literally. Thanks to a substantial jump in UPI transactions, the value and volume of coins in circulation is witnessing a dip YoY.An analysis by TOI based on data in RBI’s annual reports over the past one decade reveals that the volume of coins in circulation increased by just […]

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NPCI cuts by half response time for UPI transactions

MUMBAI: The National Payments Corporation of India (NPCI) has halved the response time for multiple stages of Unified Payments Interface (UPI) transactions in a move aimed at enhancing user experience and improving system efficiency. According to the revised framework, the response time for debit and credit processing under Request Pay and Response Pay APIs-has been […]

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Paytm stock price today: One 97 Communications shares crash 10% on FinMin’s statement on UPI transactions – here’s what happened

NEW DELHI: Paytm on Thursday tumbled as much as 10% on Thursday hitting an intraday low of Rs 864.40 on BSE Sensex, after the finance ministry clarified that there are no plans to introduce a Merchant Discount Rate (MDR) on UPI transactions.As of 10 am, Paytm was trading 6% lower, underperforming the broader NSE Nifty […]

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Digital shield for investors: Sebi to launch verified UPI IDs for intermediaries; ‘Sebi Check’ tool to help verify payment authenticity

To curb fraud and bolster investor trust, Sebi has mandated a new Unified Payments Interface (UPI) payment structure for all registered market intermediaries collecting funds from investors. The mechanism will go live from October 1, 2025, Sebi Chairperson Tuhin Kanta Pandey announced on Wednesday, reported PTI.The new UPI address framework is aimed at combating impersonation […]

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Economy

UPI effect: India now commands 48.5% share of global real-time payments volume

The retail payment system recorded robust growth in transaction volume as well as value in 2024-25 The success of India’s home-grown Unified Payments Interface (UPI) has aided the country in acquiring 48.5 per cent share in global real-time payments by volume, the Reserve Bank of India’s FY25 annual report said. “The retail payment system recorded […]

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Economy

UPI effect: India now commands 48.5% share of global real-time payments volume

The retail payment system recorded robust growth in transaction volume as well as value in 2024-25 The success of India’s home-grown Unified Payments Interface (UPI) has aided the country in acquiring 48.5 per cent share in global real-time payments by volume, the Reserve Bank of India’s FY25 annual report said. “The retail payment system recorded […]

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