payment systems

New Delhi, April 11 – As India’s Unified Payments Interface (UPI) celebrates its 10th anniversary on Saturday, the government announced that the country now accounts for 49% of global real-time payment transactions.The instant payments system processed 21.70 billion transactions in January...

New Delhi, April 10 – India’s digital payment system, the Unified Payments Interface (UPI), is set to celebrate its 10th anniversary on April 11, after experiencing a 12,000-fold increase in volume and over 4,000-fold increase in value.According to data from analytics firm Tracxn, the payment...

New Delhi, April 7 Cash payments at toll plazas will be discontinued for travelers on national highways from April 10, the road transport and highways ministry has said.In a gazette notification, the ministry has said that in cases where a vehicle enters a fee plaza without a valid FASTag...

New Delhi, April 2 Transactions through the Unified Payments Interface (UPI) reached a record high of 22.64 billion in terms of volume in March."UPI achieves 22.64 billion transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's...

New Delhi, March 31: Road users across India will no longer be able to pay toll fees in cash from April 1 as the National Highways Authority of India (NHAI) switches to a fully digital payment system.As a major step towards modernizing highway travel, NHAI will implement a complete ban on cash...

New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...

RBI Bets on AI and APIs to Strengthen Digital Payments Infrastructure Central Bank Expands Digital Public Infrastructure with Focus on Customer Experience Mumbai, March 24: The Reserve Bank of India is advancing its digital public infrastructure by integrating artificial intelligence and...

UPI Expansion in Sri Lanka: NPCI International Strengthens Digital Payments for Indian Tourists Seamless UPI Payments to Boost Travel Experience in Sri Lanka New Delhi, March 17: NPCI International Payments Limited, the global arm of the National Payments Corporation of India, on Tuesday...

RBI Proposes New Rules to Strengthen Customer Protection in Digital Transactions RBI Issues Draft Amendment on Customer Liability for Digital Payments The Reserve Bank of India has released a draft amendment to the rules governing customer liability in digital banking transactions. The proposal...

Strategic Location Chosen to Minimise Security and Seismic Risks New Delhi, February 22: The Reserve Bank of India has established a high-security Greenfield data center in Odisha, reinforcing its efforts to protect critical financial infrastructure and ensure uninterrupted functioning of core...

NPCI Extends UPI Access to Foreign Delegates in New Delhi New Delhi, February 16: The National Payments Corporation of India announced that its ‘UPI One World’ wallet service is being made available to international visitors attending the ongoing five day India AI Impact Summit in the national...