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…
Latest unified payments interface News & Updates
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 …
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 27 (IANS) India’s experience with Digital Public Infrastructure (DPI) emerged as a central case study to develop a model of development for the Global South at a session convened by The Global Institute for Water, Environment, and Health (GIWEH) on the sidelines at the 61st meeting of the United Nations Human Rights Council at Geneva, according to an article.The UN session was held to examine how digital innovation and South–South cooperation can serve as catalysts for realisi…
New Delhi, March 22 (IANS) India’s MoUs with Nigeria on sharing digital technology provide the African nation with an opportunity to emulate the successful experiment already carried out in a 1.4 billion strong country in delivering social welfare services, education and the creation of jobs.The MoUs were signed in New Delhi when Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, agreed on two key frameworks: one with India’s Ministry of Electronics and Inf…
New Delhi, March 18 (IANS) Union Telecom Minister Jyotiraditya Scindia on Wednesday said that 6G technology will not just be about faster internet speeds, but about creating equal opportunities for people across the world, with India set to play an important role in this transformation.Speaking at an international workshop on telecom standardisation, the minister described 6G as the next big step in human progress.He said the technology will go beyond speed and low latency to build what he calle…
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…