New Delhi, July 20 (IANS) Nearly 55.49 crore users had been onboarded on the Unified Payments Interface (UPI) platform as of June 2026, while UPI processed a record 24,161.69 crore transactions worth Rs 314.23 lakh crore during FY2025-26, the Centre informed Parliament on Monday.The transaction volume has risen steadily over the past five financial years. UPI processed 4,595.61 crore transactions worth Rs 84.16 lakh crore in FY2021-22, followed by 8,371.44 crore transactions valued at Rs 139.15 …
Latest Cross-border payments News & Updates
New Delhi, March 29 (IANS) From April 1, 2026, making digital payments in India is set to become more secure, but slightly more time-consuming, as the Reserve Bank of India (RBI) rolls out new rules for online transactions.The central bank has made two-factor authentication (2FA) mandatory for all digital payments, including those made through UPI, debit and credit cards, and mobile wallets.This means that OTP alone will no longer be sufficient to complete a transaction. Users will now have to g…