upi
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Business
UPI123Pay Transaction Cap Raised: Users Can Now Transfer Up to ₹10,000
The Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services. UPI123Pay, introduced in March 2022 to cater to feature phone users, now has a raised transaction cap of ₹10,000, up from the previous limit of ₹5,000. Additionally, the UPI Lite wallet limit has been increased to ₹5,000 from ₹2,000, with a…
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Business
super.money Aims to Break into UPI Top Five with 100 Million Transaction Target by Year-End
Flipkart-backed fintech company super.money has set an ambitious goal to rank among the top five players on the Unified Payments Interface (UPI) leaderboard by year-end, according to a senior executive. Since launching its beta version in June, the company has successfully processed approximately 10 million transactions. Prakash Sikaria, founder and CEO of super.money, stated, “We aim to reach 100 million…
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Business
Digital Payments Revolution: PhonePe Rolls Out Credit Line on UPI
Bengaluru: Fintech leader PhonePe announced the launch of a new credit line feature on the Unified Payments Interface (UPI) on Thursday, nearly a year after its introduction by the National Payments Corporation of India (NPCI). This feature allows customers to access short-term credit, enhancing the payment options available at checkout for merchants using PhonePe’s Payment Gateway. According to PhonePe, this…
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UAE
Modi, UAE Forge New Frontiers: Key Agreements Fuel Strategic Partnership
Abu Dhabi, UAE: Indian Prime Minister Narendra Modi received a warm welcome on his official visit to the UAE, holding extensive talks with President Sheikh Mohamed bin Zayed Al Nahyan that yielded a series of crucial agreements and strengthened the existing Comprehensive Strategic Partnership. Key Outcomes: Bilateral Investment Treaty: Signed to promote investments in both countries, further bolstering India’s economic…
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Business
New Year, New UPI: Key Changes Enhance Online Banking Experience
New Delhi: The New Year brings significant enhancements to the Unified Payments Interface (UPI), aiming to elevate the digital banking and payment transaction landscape. Inactive UPI IDs: The National Payments Corporation of India (NPCI) has mandated the deactivation of inactive UPI IDs, dormant for over a year, by payment apps. ‘UPI for Secondary Market’ Launch: NPCI introduces the ‘UPI for…
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Business
Hubballi: UPI Payment System to be Expanded in All Buses – NWKRTC MD Bharat S
Hubballi: The UPI payment system, launched experimentally in buses by the North Western Karnataka Road Transport Corporation, has garnered a positive response from the public. NWKRTC Managing Director Bharat announced the extension of the system to all buses in the Hubballi Rural Division, with plans for further expansion across all buses in the near future. In a bid to enhance…
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