NPCI to Roll Out Exclusive UPI Rules from August 1
Starting August 1, 2025, the NPCI will implement new UPI rules, introducing updated API guidelines for banks and payment apps. The changes aim to improve features like AutoPay and balance checks, enhancing system stability during peak usage. Everyday payments may stay the same, but the new UPI rules will tighten controls on functions like balance…
ABHYUDAYA MITTAL
UPI Surpasses Visa with 650M Daily Deals, Leads Payment Boom
Unified Payments Interface (UPI) has surpassed Visa to emerge as the leading global real-time payment platform, handling over 650 million transactions each day. Amitabh Kant, former NITI Aayog CEO, celebrated the achievement on X, stating, “UPI overtakes Visa as the world’s foremost real-time payment platform, handling over 650 million transactions each day.” He remarked that…
Shipra Prajapati
Digital Payments Failure Across India: What Happened?
India’s digital payment system has faced a nationwide outage, leaving millions of users unable to access funds or complete transactions. The major disruption was noticed on the afternoon of March 26, which affected various payment platforms and financial institutions and caused widespread inconvenience. People face problems with online payment platforms like Google Pay, Phone Pe…
₹1,500 Crore Fund Approved to Promote BHIM-UPI Usage
On Wednesday, the Union Cabinet announced an incentive scheme totalling ₹1,500 crore for low-value United Payments Interface (UPI) payments during FY 2024-25. This incentive aims to encourage small merchants to adopt digital payment methods, enhancing financial inclusion and reducing cash dependency. Key Highlights of the Scheme: “The incentive scheme for promoting low-value UPI transactions, which…
75% Of Users May Quit UPI – Find Out Why You May Too!
A recent survey by LocalCircles reveals that 75% of users are against the new UPI regulations introduced by the National Payments Corporation of India (NPCI). The survey also suggests that many users may stop using UPI if these rules come into effect. In contrast, 22% of users expressed a willingness to comply with the updated…
Himanshu
Nalin Negi Becomes The New CEO Of Fintech BharatPe
One of India’s biggest fintech companies, BharatPe, has finally appointed its new CEO after a stint of around 15 months. The CFO and the interim CEO of the company, Nalin Negi, has finally been appointed as the CEO of the company. Nalin Negi has proved to be an asset to the company. In his short…
Flipkart Valuation Drops By $5 Billion In Past 2 Years
According to the equity transactions of its parent company, Walmart, one of India’s biggest e-commerce platforms, Flipkart, has lost around $5 billion in the last 2 years. The company’s valuation fell from $40 billion in 2022 to $35 billion in 2024. Experts say the decline can be attributed to the demerger of fintech PhonePe, which…
UPI’s Global Expansion, India To Become Trillion Dollar Economy In Few Years Says PM Modi
At the BRICS conference on Tuesday in Johannesburg, Prime Minister Modi declared that India would have a developed economy by the year 2047. Prime Minister Narendra Modi emphasised India’s advancements in the field of digital payments, including the Unified Payments Interface, or UPI, and enlisted international assistance for the UPI’s international expansion. Modi also promoted…
Yash Sharma
Coinbase Bets Big On Crypto, Web3 Future In India
On April 7, 2022, Brian Armstrong, CEO of global crypto exchange Coinbase, announced that Indian customers can now buy tokens of their choice on its application with Indian Rupee. Armstrong informed that customers can purchase crypto with INR through the Coinbase app using UPI. Also, he said that 157 crypto assets will be accessible in…
