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Unified Payments Interface

India eyes more CBDC use cases; no target date for rollout

Pradipta Mukherjee

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14 November, 2024

India eyes more CBDC use cases; no target date for rollout

India continues to explore new use cases for its digital rupee, with RBI Governor Shaktikanta Das saying there is no...

India’s UPI surpasses 100,000 cross-border transactions in Nepal, expands to Maldives

Pradipta Mukherjee

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15 August, 2024

India’s UPI surpasses 100,000 cross-border transactions in Nepal, expands to Maldives

NIPL teamed up with Nepal's Fonepay to launch cross-border P2M UPI, while the National Payments Corporation of India and the...

Reserve Bank of India plans ‘delegated payments’ through UPI

Pradipta Mukherjee

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12 August, 2024

Reserve Bank of India plans ‘delegated payments’ through UPI

The RBI plans to introduce a facility of 'delegated payments' in the UPI to boost digital payments in the country,...

India’s UPI most preferred for retail payments in 2023-24, RBI report says

Pradipta Mukherjee

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9 August, 2024

India’s UPI most preferred for retail payments in 2023-24, RBI report says

India’s UPI has emerged as the most preferred method of retail payments, with a 79.6% share in total volumes of...

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Pradipta Mukherjee

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8 August, 2024

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Thanks to the development of seamless payment networks, India's e-commerce and digital trade ecosystem is flourishing, with the Reserve Bank...

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Pradipta Mukherjee

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5 August, 2024

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Exploring India's cultural attractions is now easier with the UPI One World wallet, eliminating the complexities of forex transactions and...

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