Mumbai, May 25 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday lauded Prime Minister Narendra Modi’s leadership and vision, stating that the last 12 years have been truly historic and transformative. He said the nation has shed its image of dependency and emerged as an ‘Atmanirbhar Bharat’ with enhanced global prestige and self-respect.He noted that these 12 years were marked by structural, economic and social reforms that broke decades of policy paralysis. He highlighted key…
Latest unified payments interface News & Updates
New Delhi, May 19 (IANS) The Unified Payments Interface (UPI) commanded the largest share of transaction volume at 85.5 per cent in the second half (H2) of 2025, followed by NEFT at 3.6 per cent and Prepaid Payment Instruments (PPIs) at 3.6 per cent, according to a latest report by the Reserve Bank of India (RBI).RTGS accounted for a mere 0.1 per cent, reflecting its role as a high-value, low-volume system.“Conversely, in terms of transaction value, RTGS dominated with 68.6 per cent of the tot…
New Delhi, May 11 (IANS) Gautam Adani, Chairman of the Adani Group, on Monday said India’s Artificial Intelligence (AI) revolution must ultimately be measured by its ability to empower ordinary citizens, workers and small businesses across the country.Addressing the Confederation of Indian Industry’s (CII) ‘Annual Business Summit 2026’ here, Gautam Adani said India must reject the idea that AI should primarily be used to eliminate workers and automate livelihoods.“India must build AI as a fo…
New Delhi, May 1 (IANS) India’s digital payments ecosystem 25 per cent year-on-year growth in the month of April at 22.35 billion transactions at Rs 29.03 lakh crore in terms of value, which is a 21 per cent annual growth, according to data released by the National Payments Corporation of India (NPCI) on Friday.On a daily basis, the average number of transactions saw a notable increase to 745 million in April (from 730 million in March).The average daily transaction value also rose to Rs 96,76…
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…
New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
New Delhi, April 20 (IANS) The National Payments Corporation of India (NPCI)-backed BHIM app will now allow users to view their credit scores alongside everyday transactions, following a tie-up between TransUnion CIBIL and NPCI BHIM Services Limited, it was announced on Monday.With this integration, users can directly check their CIBIL Score and Credit Information Report on the BHIM app, enabling them to track their credit health without leaving the platform.Moreover, access to credit data will …
New Delhi, April 11 (IANS) As India’s Unified Payments Interface marks its 10th anniversary on Saturday, the government informed that the country now accounts for 49 per cent of global real‑time payment transactions.The instant payments system processed 21.70 billion transactions in January 2026 alone, with Rs 28.33 lakh crore in value. UPI accounted for 81 per cent of all retail digital transactions in India.The International Monetary Fund has called UPI the world’s largest real‑time pa…
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…
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 …