The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25.
Prime Minister Narendra Modi on Saturday said that the land that gave the world the concept of zero, is now becoming the land of infinite innovations, adding that India was not only innovating but also "Indovating," meaning innovating the Indian way.
Unified Payments Interface (UPI) has potential for other countries to learn from the experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School.
The Unified Payments Interface (UPI) has registered achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, the Finance Ministry said on Saturday.
Spanish Prime Minister Pedro Sanchez on Tuesday had firsthand experience of India's digital payment transactions when he used the Unified Payments Interface (UPI) transaction to buy a Ganesh statue in Mumbai.
Scindia emphasized the remarkable success of the Unified Payments Interface (UPI), and said, "The concept of UPI a united payment interface, in the month of August, we did a transaction of one month of USD 275 billion in a month. 15 billion transactions in India. We've had the fastest 5g rol
Bengaluru (Karnataka) [India], October 10: Truecaller launches blue tick verification for all Premium users in India. The new Verified Badge service allows users to verify their identity through the government-backed Unified Payments Interface (UPI) to confirm their correct names.
In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
India has agreed to share its expertise in the implementation of digital and financial services and to work in the development of the Digital Public Infrastructure (DPI) through the launch of India's Unified Payments Interface (UPI).
The new offering allows consumers to link their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and providing a new dimension to the digital payment ecosystem.