New Delhi, July 22 (IANS) More than 77 lakh annual FASTag passes have been issued till June, registering 63 crore transactions on National Highway Fee Plazas, the Parliament was informed on Wednesday.Presently, around 33 per cent of total Electronic Toll Collection (ETC) transactions done by car, jeep and van are annual pass transactions. The scheme has improved operational efficiency and enhanced the convenience of road users, said Union Minister of Road Transport and Highways, Nitin Gadkari, i…
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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 …
New Delhi, July 8 (IANS) The National Payments Corporation of India (NPCI) said on Wednesday that UPI on-device biometric authentication-based payments accounted for over 611 million transactions in June, with a total transaction value of Rs 25,416 crore, reflecting strong adoption across everyday payment use cases.The feature enables users to authorise UPI payments using smartphone’s fingerprint or facial recognition.The growing adoption of biometric authentication reflects the increasing pre…
New Delhi, June 6 (IANS) The Embassy of Nepal in New Delhi on Saturday stated in a press release that India and Nepal agreed to further deepen and broaden their bilateral relationship during talks between Nepal’s Minister for Foreign Affairs, Shisir Khanal, and the Minister of External Affairs, S. Jaishankar. “Both sides agreed to further deepen and broaden the bilateral relationship through development partnerships, enhanced connectivity, and strong partnership on priority areas of mutual b…
New Delhi, April 30 (IANS) India’s flagship digital payments platform, the Unified Payments Interface (UPI), has recorded an extraordinary nearly 12,000-fold surge in transaction volume over the past decade, the Ministry of Finance said on Thursday.Launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the regulatory supervision of the Reserve Bank of India (RBI), UPI has evolved into the backbone of India’s digital payments ecosystem.From a modest base of jus…
Ahmedabad, April 29 (IANS) Two individuals from Ghaziabad district in Uttar Pradesh have been arrested by the Ahmedabad Cyber Crime Branch in connection with an interstate cyber fraud case involving impersonation of senior officials of the Ministry of Finance, National Payments Corporation of India (NPCI) and other agencies, police said on Wednesday.The complainant was allegedly cheated of around Rs 47.36 lakh in the case, officials added.Officials said the complainant was contacted between Apri…
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, Jan 14 (IANS) The Finance Ministry’s Department of Financial Services, in association with public sector banks, on Wednesday launched a composite ‘Salary Account Package for Central Government Employees’, aimed at enhancing their financial well-being and social security, according to an official statement.The initiative will provide Central government employees a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been …
New Delhi, Dec 23 (IANS) India and New Zealand have concluded negotiations on the Financial Services Annex of the Free Trade Agreement (FTA), marking a significant milestone in strengthening bilateral economic and strategic cooperation, according to a Finance Ministry statement issued on Tuesday.The India-New Zealand Financial Services Annex marks a notable advancement over standard GATS (General Agreement on Trade in Services) commitments, involving a total of 18 articles, the statement explain…