UPI Transactions

NPCI International and ACLEDA Bank have partnered to enable UPI and KHQR acceptance in India and Cambodia, offering tourists secure, interoperable and seamless QR-based payments

Compared to November 2024, the month witnessed a 32 per cent rise in volume and 22 per cent in value

Rajiv Naresh, MD and CEO, Navi, says the fintech aims to capture a significant share of the UPI ecosystem by investing in credit line products, strengthening tech infra, and customer awareness

BHIM has enabled full delegated payments under UPI Circle, allowing primary users to authorise trusted secondary contacts to make payments of up to ₹15,000 a month

Paytm logged 1.52 billion UPI transactions in October - its strongest in 20 months - yet its market share stayed below early 2024 levels as overall UPI volumes surged across the ecosystem

India plans to expand UPI to 7-8 more countries by next year as DFS says the goal is to prioritise Middle East and East Asia, even as banking health strengthens and insurance remains a key focus

This compares with a profit of Rs 928 crore in Q2FY25, which was boosted by an exceptional gain from the sale of its movie ticketing and events business to Zomato

Fuelled by festive buying, the transaction through the popular Unified Payments Interface (UPI) touched a record high of Rs 27.28 lakh crore and 20.7 billion in value and volume terms, respectively, in October, according to data released by the National Payments Corporation of India (NPCI). In terms of value, the last highest recorded was Rs 25.14 lakh crore in May, while in terms of volume, the last high was 19.47 billion in July. NPCI said the value of transactions was at Rs 27.28 lakh crore in October against Rs 23.49 lakh crore in the same month a year ago, registering a 16 per cent growth on an annual basis. On a month-on-month basis, the growth was 9.5 per cent in terms of value. The UPI transaction in value terms was Rs 24.90 lakh crore, while volume was 19.63 billion. The average daily transaction in October was 668 million with an average value of Rs 87,993 crore during the festival month. "The steady rise in UPI volumes, particularly during high-traffic periods like Diwa

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

A father replaced the traditional gift envelopes with technology at his daughter's wedding - wearing a Paytm QR code on his shirt so guests could send their blessings digitally

In a panel discussion titled 'Post-UPI, Indian payments players look abroad' at Business Standard's BFSI Summit, fintech leaders expressed their views on what's next after technology like UPI matures

The RBI's latest Payments System Report warns that geopolitical tensions could disrupt global payment systems, even as India's digital payments and UPI transactions surge

RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25

Indian tourists visiting Japan will soon be able to pay with UPI, making shopping, dining, and travel more convenient without cash or forex cards.

RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs

The partnership marks UPI's first entry into an East Asian market and aims to make digital transactions easier for Indian tourists while boosting Japan's cashless economy

The report said that UPI is well positioned to consolidate its role as the backbone of India's payments landscape on the back of interoperability and a conducive regulatory environment

Govt plans to introduce biometric authentication for UPI payments, but what exactly is a digital payment system and why is it important for the Indian economy?

RBI Governor Sanjay Malhotra says collaboration between India and the UK can drive innovation, inclusion, and trust in digital finance beyond bilateral benefits

Speaking at the Global Fintech Fest in Mumbai, Prime Minister Narendra Modi said India is witnessing around 20 billion transactions worth ₹25 lakh crore through UPI every month