UPI reaches 500 million consumers, 65 million merchants, says report
Mumbai, Oct 8 (IANS) With over 500 million consumers and 65 million merchants, unified payments interface (UPI) has evolved from a digital payment platform into a daily habit, driving financial inclusion, enabling access to credit, and fuelling growth for micro and small enterprises across India, according to a report released here on Wednesday. The report, […]
No proposal to levy charges on UPI transactions: RBI Governor
New Delhi, Oct 1 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday reiterated that the central bank has no proposal to impose a fee on transactions done through Unified Payments Interface (UPI). The governor’s clarification came during his address after the post-Monetary Policy Committee (MPC) meeting. Malhotra stated that he had never […]
UPI transaction limit raised to Rs 10 lakh for P2M payment from Sep 15
New Delhi, Sep 11 (IANS) The National Payments Corporation of India (NPCI) on Thursday announced a major revision in Unified Payments Interface (UPI) limits for Person-to-Merchant (P2M) transactions, effective September 15. The move is aimed at making high-value digital payments easier and more convenient for users while ensuring strong security measures. Under the new rules, […]
