New Delhi: The era of free UPI transactions could soon come to an end. In a significant statement, RBI Deputy Governor Sanjay Malhotra hinted that users of digital payment platforms like PhonePe and Google Pay may soon have to pay for UPI services, as the government considers a sustainable funding model for the booming payment Read More…
On April 2, 2025, users across India encountered widespread disruptions in Unified Payments Interface (UPI) services, particularly on Google Pay (GPay), Paytm, and the State Bank of India (SBI). According to Downdetector, reports of failed transactions surged throughout the day, peaking between 5:00 PM and 8:00 PM IST. Around 54% of Google Pay and Paytm Read More…
From February 1, 2025, UPI transactions will be blocked for apps that use special characters in transaction IDs, following new guidelines issued by the National Payments Corporation of India (NPCI). The move is aimed at boosting security, streamlining payments, and reducing fraud risks by enforcing a standardized format for transaction identification. Banks and payment providers Read More…
Bengaluru: Karnataka State Road Transport Corporation (KSRTC) has introduced a convenient cashless ticketing system, allowing passengers to pay for tickets through UPI as well as debit and credit cards. As part of this modern initiative, KSRTC buses are now equipped with advanced Electronic Ticketing Machines that make transactions faster and hassle-free, aiming to improve travel Read More…
India has witnessed a remarkable shift towards cashless transactions, with digital payments more than doubling between 2021 and 2024, according to the latest report from the Reserve Bank of India (RBI). The surge is attributed primarily to the widespread adoption of the Unified Payments Interface (UPI), which has become particularly popular for small-value transactions due Read More…