New Delhi, April 6 (IANS) Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, marking a 33 per cent year‑on‑year increase, while total transaction value touched Rs. 299.74 trillion, a report said on Monday.The report from Worldline said that UPI’s growth was broad‑based, with both person-to-person (P2P) and person-to-merchant (P2M) transactions rising, with the latter recording a 34 per cent growth to 143.82 billion transactions.The overall average ticket size …
Latest Digital 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…
New Delhi, March 24 (IANS) NPCI BHIM Services Limited (NBSL), a wholly owned arm of National Payments Corporation of India (NPCI), on Tuesday introduced a new biometric authentication feature for UPI payments on the BHIM Payments App.This update allows users to approve transactions of up to Rs 5,000 using their smartphone’s fingerprint or facial recognition, making payments faster and more convenient.With this feature, users no longer need to enter their UPI PIN for every small transaction. It…
New Delhi, March 13 (IANS) India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.High frequency indicators in…
New Delhi, March 6 (IANS) Credit card spending in India rose 8.1 per cent year-on-year (YoY) to Rs 2.05 lakh crore in January 2026, driven by momentum in e-commerce transactions, a report showed on Friday.The report by CareEdge Ratings also said that public sector banks (PSBs) registered a 7.1 per cent YoY growth in outstanding cards — a significant jump compared to private banks.In terms of transactions, digital payments continued to dominate credit card usage, with e-commerce accounting for o…
New Delhi, March 3 (IANS) India’s largest private lender HDFC Bank has said that the UPI-based cash withdrawals will be counted as part of customers’ monthly free ATM transaction limits.The new development will come into effect starting April 1, according to the official statement.In a communication to account holders, the bank stated that cardless UPI cash withdrawals will no longer be treated as a separate category.Instead, they will be bundled with traditional debit card withdrawals when ca…
New Delhi, Feb 27 (IANS) India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India’s ambition of building a $500 billion electronics manufacturing economy by 2030–31, industry experts said on Friday.Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a ‘Special Strategic Partnership for Peace, Innovation and Prosperity’, ref…
Tel Aviv, Feb 26 (IANS) India and Israel on Thursday announced to deepen their digital and financial partnership by enabling cross-border use of Unified Payments Interface (UPI). In the process, UPI will connect with Israel’s domestic payments framework to make digital transactions faster and more affordable.The signing of the UPI linking agreement came on the second and final day of Prime Minister Narendra Modi’s visit to Israel.PM Modi said that “We have decided to establish the Critical a…
New Delhi, Feb 21 (IANS) India’s Unified Payments Interface (UPI), the world’s largest real‑time payments system, has proved that inclusion and scale can go together and that a “public, interoperable model can surpass private networks,” a new report said.The report from Interest.co.nz said it offers a template for developing countries in Asia, Africa and Latin America to achieve rapid digital‑payments growth without dependence on multinational corporations.”It is no wonder that internati…
New Delhi, Feb 20 (IANS) The government on Friday said that the NHAI is contemplating to completely discontinue cash transactions at the National Highway fee plazas across the country from April 1, 2026.The move will develop a fully digital National Highway tolling ecosystem.Post implementation, all toll payments at National Highway fee plazas will be processed exclusively through digital modes using FASTag or Unified Payments Interface (UPI).According to the Ministry of Road Transport and Highw…