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UPI Transactions Rise To Rs 94,000 Crore Daily In October
The Unified Payments Interface is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India.
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Razorpay Partners OpenAI, NPCI to Launch Agentic Payments at Global Fintech Fest 2025
Razorpay and OpenAI, along with National Payments Corporation, are coming together to bring "India's first agentic payments" solution to the country. Using the company's payments stack, people will soon be able to search, explore, and buy groceries and other products directly through the artificial intelligence (AI)-powered chatbot. Currently, the ...
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'Look, Speak, Pay': Smart Glasses Can Now Be Used For UPI Payments
Wearable smart glasses can now be used to make payments via UPI Lite by simply scanning a QR code and issuing a voice command.
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Qatar National Bank Adopts JPMorgan’s Blockchain Platform for Instant US Dollar Payments
Qatar National Bank (QNB) has integrated JPMorgan’s Kinexys Digital Payments platform to process US dollar corporate transactions in minutes. The platform offers 24/7 settlement, handling billions daily, and signalling growing institutional adoption of blockchain. Analysts say this move strengthens confidence in digital assets like Bitcoin, Ether...
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UPI Sees Record 20 Billion Transactions In August, Valued At Rs 24 Lakh Crore
In a significant development, the Unified Payments Interface (UPI) crossed 20 billion transactions in August for the first time in its history, the National Payments Corporation of India (NPCI) data showed on Monday.
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PayPal Partners With NPCI, Others to Build Cross-Border Payments Platform Focused on Interoperability
PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jo...
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How Non-Resident Indians Can Use UPI With Foreign Mobile Numbers
UPI Payments For Foreigners: UPI is an instant payment system developed by the NPCI that allows users to make payments in seconds.
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India's UPI Revolution Powers 50% Of World's Digital Payments
India is now a global leader in fast payments and theUnified Payments Interface (UPI)is the main driver, as per the InternationalMonetary Fund(IMF).
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PhonePe UPI Circle Feature With Seamless Payment Authorisation Launched in India
PhonePe UPI Circle feature was launched in India on Tuesday, enabling primary users to authorise secondary users for payments even if they do not have their own bank accounts. Developed by NPCI, UPI Circle aims to broaden UPI usage and allow supervised spending. Here's everything you need to know about how PhonePe UPI Circle works.
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NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
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UPI Will Stop Working On These Mobile Numbers From April 1. Here's Why
UPI services will no longer work on mobile numbers that are inactive or reassigned starting April 1. The National Payments Corporation of India (NPCI) has directed banks and payment service providers (PSPs) to delink such numbers to prevent fraud and
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NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
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UPI Transaction Limit Increased To Rs 5 Lakh For These Payments
The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.
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UPI Circle Launched: What Is It, How Does It Work And Other Details
The National Payments Corporation of India (NPCI) has launched a new feature called "UPI Circle", aimed at enhancing digital payment accessibility.
-
UPI Circle Feature With Access to Secondary User Payments Rolled Out in India by NPCI
UPI Circle, the latest innovation in Unified Payments Interface (UPI) was rolled out by the National Payments Corporation of India (NPCI) last week. The feature allows UPI users to enable trusted people by letting them have access to their accounts. This way, those even without a UPI account can make transactions with the payment instrument.
-
UPI Transactions Rise To Rs 94,000 Crore Daily In October
The Unified Payments Interface is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India.
-
Razorpay Partners OpenAI, NPCI to Launch Agentic Payments at Global Fintech Fest 2025
Razorpay and OpenAI, along with National Payments Corporation, are coming together to bring "India's first agentic payments" solution to the country. Using the company's payments stack, people will soon be able to search, explore, and buy groceries and other products directly through the artificial intelligence (AI)-powered chatbot. Currently, the ...
-
'Look, Speak, Pay': Smart Glasses Can Now Be Used For UPI Payments
Wearable smart glasses can now be used to make payments via UPI Lite by simply scanning a QR code and issuing a voice command.
-
Qatar National Bank Adopts JPMorgan’s Blockchain Platform for Instant US Dollar Payments
Qatar National Bank (QNB) has integrated JPMorgan’s Kinexys Digital Payments platform to process US dollar corporate transactions in minutes. The platform offers 24/7 settlement, handling billions daily, and signalling growing institutional adoption of blockchain. Analysts say this move strengthens confidence in digital assets like Bitcoin, Ether...
-
UPI Sees Record 20 Billion Transactions In August, Valued At Rs 24 Lakh Crore
In a significant development, the Unified Payments Interface (UPI) crossed 20 billion transactions in August for the first time in its history, the National Payments Corporation of India (NPCI) data showed on Monday.
-
PayPal Partners With NPCI, Others to Build Cross-Border Payments Platform Focused on Interoperability
PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jo...
-
How Non-Resident Indians Can Use UPI With Foreign Mobile Numbers
UPI Payments For Foreigners: UPI is an instant payment system developed by the NPCI that allows users to make payments in seconds.
-
India's UPI Revolution Powers 50% Of World's Digital Payments
India is now a global leader in fast payments and theUnified Payments Interface (UPI)is the main driver, as per the InternationalMonetary Fund(IMF).
-
PhonePe UPI Circle Feature With Seamless Payment Authorisation Launched in India
PhonePe UPI Circle feature was launched in India on Tuesday, enabling primary users to authorise secondary users for payments even if they do not have their own bank accounts. Developed by NPCI, UPI Circle aims to broaden UPI usage and allow supervised spending. Here's everything you need to know about how PhonePe UPI Circle works.
-
NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
-
UPI Will Stop Working On These Mobile Numbers From April 1. Here's Why
UPI services will no longer work on mobile numbers that are inactive or reassigned starting April 1. The National Payments Corporation of India (NPCI) has directed banks and payment service providers (PSPs) to delink such numbers to prevent fraud and
-
NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
-
UPI Transaction Limit Increased To Rs 5 Lakh For These Payments
The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.
-
UPI Circle Launched: What Is It, How Does It Work And Other Details
The National Payments Corporation of India (NPCI) has launched a new feature called "UPI Circle", aimed at enhancing digital payment accessibility.
-
UPI Circle Feature With Access to Secondary User Payments Rolled Out in India by NPCI
UPI Circle, the latest innovation in Unified Payments Interface (UPI) was rolled out by the National Payments Corporation of India (NPCI) last week. The feature allows UPI users to enable trusted people by letting them have access to their accounts. This way, those even without a UPI account can make transactions with the payment instrument.
