New Delhi, April 10 (IANS) India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.Transactions rose gradually in the initial years — to 915 million in FY18 and…
Latest National Payments Corporation of India News & Updates
New Delhi, April 1 (IANS) India’s digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday.UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 21.70 billi…
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 17 (IANS) NPCI International Payments Limited — the international arm of the National Payments Corporation of India (NPCI) — on Tuesday said it is strengthening the acceptance of Unified Payments Interface (UPI) across Sri Lanka to enable a seamless payment experience for Indian tourists and support the island nation’s digital economy.With more than 700 million QR touchpoints in India, the platform’s interoperable architecture enables integration with global systems, inclu…
New Delhi, March 1 (IANS) The unified payments interface (UPI) saw 27 per cent transaction count growth (year-on-year) at 20.39 billion in the month of February — along with registering 22 per cent annual growth in transaction amount at Rs 26.84 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.Average daily transaction amount in February stood at Rs 95,865 crore, up from Rs 91,403 crore in January, the NPCI data showed.The month of February recorded 728 milli…
New Delhi, Feb 16 (IANS) The National Payments Corporation of India (NPCI) on Monday announced that it has extended its ‘UPI One World’ wallet service for international visitors attending the India AI Impact Summit 2026 in the national capital. The summit is being held from February 16 to 20, and visitors from more than 40 countries will now be able to make seamless and secure UPI payments during their stay in India.Under this pilot initiative, foreign travellers can make real-time Person-to…
Kuala Lumpur, Feb 8 (IANS) Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim on Sunday oversaw the signing of six major agreements between India and Malaysia, as both nations moved to further strengthen cultural, economic and strategic cooperation during bilateral engagements in Kuala Lumpur.The agreements were finalised following comprehensive discussions between the two leaders during PM Modi’s two-day official visit to Malaysia. The visit marked a significant milestone i…
New Delhi, Feb 6 (IANS) The Unified payments interface (UPI) is now live in over eight countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius and Qatar, positioning India as a global leader in digital payments, the Parliament was informed on Friday.UPI’s growing international adoption is boosting remittances, promoting financial inclusion, and strengthening India’s position in the global fintech landscape.Moreover, the government has signed MoUs/agreements with 23…
New Delhi, Feb 1 (IANS) The unified payments interface (UPI) saw 28 per cent transaction count growth (year-on-year) at 21.70 billion in the month of January — along with registering 21 per cent annual growth in transaction amount at Rs 28.33 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.Month-wise, the UPI transaction count as well as amount grew significantly too.Average daily transaction amount in January stood at Rs 91,403 crore, up from Rs 90,217 cror…
New Delhi, Jan 13 (IANS) India is working to expand the global reach of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday.Speaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a key role in driving India’s digital payments growth and now accounts for nearly 50 per cent of all digital transactions in the country.He added that the …