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NPCI

Finance Minister Nirmala Sitharaman on Monday stressed the need to target one billion UPI transactions per day within two to three years.

IDFC FIRST Bank, in collaboration with RuPay, has introduced a new UPI-enabled credit card named FIRST EARN, offering instant online access.

UPI transactions reached an all-time high of 16.73 billion in December 2024, marking an 8% increase from the 15.48 billion transactions recorded in November 2024.

The Unified Payments Interface (UPI) has recorded 15,547 crore transactions worth ₹223 lakh crore from January to November 2024, the Finance Ministry announced on Saturday.

According to data released by the National Payments Corporation of India (NPCI), UPI recorded a total of 16.5 billion transactions in October.

The UPI payment system has already been used by the UAE, Bhutan, and Nepal

PhonePe's Monthly Bill Payment Volumes Skyrocket by 50%, Establishes Market Dominance

There will be no fee on any bank-to-bank transfer via UPI. It’s a relief for the public.