Mumbai (Maharashtra) [India], July 15: Kotak Bank announces the latest enhancement of its Kotak811 Banking App, boasting a revamped user interface for a truly intuitive experience. The app is poised to transform UPI transactions and other essential banking features, opening the door to a wor
Marking a strong turnaround, popular fintech brand Paytm said it is seeing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business.
According to a press release from the company, the "JioFinance" app offers an integration of digital banking services, including UPI transactions, bill payments, and insurance advisory.
According to the report, the volume of UPI transactions surged to 65.77 billion from 42.09 billion in H2 2022, accompanied by a 44 per cent increase in transaction value, soaring from RS 69.36 trillion to RS 99.68 trillion during the same period.
Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet.
The Unified Payments Interface (UPI) is India's mobile-based fast payment system, which facilitates customers to make round-the-clock payments instantly using a Virtual Payment Address (VPA) created by the customer.
The limit for UPI transactions to hospitals and educational institutions has been raised by the Reserve Bank of India (RBI), from Rs 1 lakh to Rs 5 lakh per transaction.
Mumbai (Maharashtra) [India], December 7: Keeping in sync with its focus on enhancing customer convenience and revolutionizing transactional experiences, IDFC FIRST Bank announces the launch of their IDFC FIRST Bank digital RuPay Credit Card, powered for UPI.
At the 8th Global Technology Summit (GTS) in the national capital, Jaishankar pointed out that India is rapidly catching up in technology adoption, citing the massive volume of UPI transactions as evidence of how readily people embrace technology when it becomes available.
Bangalore (Karnataka) [India], September 13: Juspay, India's leading payments company, has partnered with Yes Bank to launch HyperUPI, NPCI's plug-in SDK that enables in-app UPI payments in merchant apps. Merchants can now offer simple “1-click UPI experiences” in their Android and iOS apps