National Payments Corporation of India (NPCI)

  • NPCI Allows NRE/NRO Accounts With International Mobile Numbers To Use UPI

    The National Payments Corporation of India (NPCI) has instructed members of the Unified Payments Interface (UPI) ecosystem to allow non-resident account types such as non-resident external (NRE)/ non-resident ordinary (NRO) accounts having international mobile numbers to get onboarded and transact...

    Published On January 13th, 2023
  • UPI Processes Record 7.82 bn Transactions in December, ends 2022 on a High

    India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume and 7.73% in value compared to November. On a year-on-year basis, volume...

    Published On January 3rd, 2023
  • RBI Allows Blocking of Funds for Multiple Auto-debits in UPI

    The Reserve Bank of India (RBI) enhanced the capabilities of the Unified Payments Interface (UPI) by introducing a ‘single-block-and-multiple debits’ functionality, which allows a customer to enable a payment mandate against a merchant by blocking funds for specific purposes in...

    Published On December 8th, 2022
  • NPCI Extends UPI Volume Cap Deadline by 2 Years Till Dec 2024

    The National Payments Corporation of India has extended the deadline for payment aggregators to meet the guidelines on volumes of UPI (Unified Payments Interface) transactions by two years till December 31, 2024. Buy Prime Test Series for all Banking, SSC,...

    Published On December 5th, 2022
  • UPI Transactions Grow 7.7% To 730 Cr in October

    Bharat Interface for Money (BHIM) using Unified Payments Interface BHIM-UPI recorded a new high, transactions rose by 7.7 per cent in October to 730 crore(7.3 Billion). The total value for the month stood at more than ₹12.11 lakh crore. In...

    Published On November 2nd, 2022
  • No Charge for RuPay credit card use on UPI for transaction up to Rs 2,000: NPCI

    The National Payments Corporation of India (NPCI) has said there will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to ₹2,000. RuPay credit card has been operational for the last four years, and...

    Published On October 6th, 2022
  • Historic MoU Signed to launch India’s Rupay debit card in Oman

    National Payments Corporation of India (NPCI) and Central Financial institution Of Oman signed a historic MoU to launch the Rupay debit card in Oman, paving the best way for a brand new period of monetary connectivity. Bank Maha Pack includes...

    Published On October 6th, 2022