New Delhi, March 11 (IANS) India undertook an “ambitious financial‑technology transformation in modern history,” to become “one of the world’s most advanced digital payment ecosystems” creating a model for developing economies, a report has said.India’s model shows how “government policy, technological innovation and widespread mobile connectivity can combine to create efficient payment infrastructure,” the report from Azerbaijan-based News.az said.India’s digital payment revolution has …
Latest Unified Payments Interface (UPI) News & Updates
New Delhi, March 6 (IANS) India Stack Global will facilitate adoption of India’s digital public infrastructure (DPI) by partner nations by showcasing India’s DPI solutions, an official factsheet said on Friday.India Stack Global portal provides access to key digital platforms and technical resources and serves as a bridge between India’s experience and the requirements of friendly nations.As of February, the government has signed memoranda of understanding (MoU) and agreements with 24 coun…
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 19 (IANS) The Delhi High Court has agreed to examine a public interest litigation (PIL) seeking framing of comprehensive guidelines to curb the growing menace of frauds perpetrated through the Unified Payments Interface (UPI). Issuing notice, a bench of the Chief Justice D.K. Upadhyaya and Justice Tejas Karia sought responses from the Union government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on the plea filed by retired Central governm…
New Delhi, Feb 17 (IANS) As dynamic and innovation-driven democracies, India and Ireland both have immense potential to collaborate in quantum communications, AI, regulatory innovation, and rural broadband services, Communications Minister Jyotiraditya Scindia said on Tuesday.In a bilateral meeting with Irish Minister Jack Chambers here, Scindia said we look forward to Ireland’s support for India’s candidature at the International Telecommunication Union (ITU). “Together, we can build a st…
New Delhi, Feb 9 (IANS) India has emerged as the world’s fastest-growing major economy, with robust growth projections indicating that it will outpace several peers in the coming decades, a media report said.India’s services-led model, powered by technology, finance, digital infrastructure, and professional services, offers notable resilience compared to China’s manufacturing-heavy approach, which faces cyclical vulnerabilities from global trade disruptions and domestic imbalances, accordi…
New Delhi, Jan 24 (IANS) India’s QR‑code payment network, the Unified Payments Interface (UPI), is expanding beyond its borders, with Japan among countries trialling the system to serve growing numbers of Indian tourists, a report has said.The report from Nikkei Asia said that Japanese IT services company NTT Data is partnering with National Payments Corporation of India (NPCI) to run a trial in Japan in FY26 that would let Indian tourists pay with UPI and have their Indian bank accounts deb…
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 …