[ad_1] India’s digital payments ecosystem saw a new milestone in March 2025. Unified Payments Interface (UPI) transactions surged to ₹24.77 lakh crore, marking the highest monthly total ever recorded. Data released by the National Payments Corporation of India (NPCI) on April 1 shows that March was the eleventh consecutive month of UPI transactions surpassing the […]
New UPI rule: Auto chargeback processing starts from Feb 15 – CNBC TV18
[ad_1] The National Payments Corporation of India (NPCI) has introduced a new rule for handling chargebacks in Unified Payments Interface (UPI) transactions. Starting February 15, chargebacks will be automatically accepted or rejected based on Transaction Credit Confirmation (TCC) and return requests (RET). Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense […]
UPI transactions to stop for these users from Feb 1 – CNBC TV18
[ad_1] Starting February 1, 2025, Unified Payments Interface (UPI) apps will no longer process transactions with special characters in their transaction IDs. This directive from the National Payments Corporation of India (NPCI) aims to standardise UPI transaction ID generation by allowing only alphanumeric characters. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund […]
UPI transactions hit all-time high in December 2024 – CNBC TV18
[ad_1] Unified Payments Interface (UPI) transactions reached a new peak in December 2024, with 16.73 billion transactions recorded—a monthly increase of 8% from 15.48 billion in November. The transaction value also rose by 8% to ₹23.25 lakh crore, compared to ₹21.55 lakh crore in the previous month, as per data from the National Payments Corporation […]
NPCI extends 30% UPI volume cap deadline for third-party apps to Dec 2026 – CNBC TV18
[ad_1] India’s National Payments Corp. (NPCI) has extended the implementation of its UPI volume cap guidelines by two years, pushing the deadline to December 2026. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index […]
UPI transactions on RuPay credit cards nearly double in first 7 months of FY24-25 – CNBC TV18
[ad_1] Transactions conducted through the Unified Payments Interface (UPI) on RuPay credit cards have seen a significant rise, nearly doubling in the first seven months of the 2024-25 financial year compared to the entire previous year, according to government data. Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday that UPI […]
UPI transactions see 6.6% decline in November, but grow 38% yearly – CNBC TV18
[ad_1] UPI transactions in November 2024 stood at 15.48 billion. This marked a 38% year-on-year growth, according to the National Payments Corporation of India (NPCI). The total transaction value was ₹21.55 lakh crore, a 24% increase compared to November 2023. Daily transactions averaged 516 million, with a daily value of ₹71,840 crore. However, these figures […]
Swiggy UPI launched: How to set up and use it – CNBC TV18
[ad_1] Swiggy has unveiled its new Swiggy UPI feature. This feature incorporates the National Payments Corporation of India’s (NPCI) UPI Plug-in into its platform. With this update, users can now complete UPI transactions directly within the Swiggy app. The payment process has been simplified from five steps to just one. Key features of Swiggy UPI: […]