Record-Breaking October! UPI Transactions Surge To Rs 94,000 Crore Per Day
With more than a week still left in the month, UPI is on track to post its highest-ever monthly performance, driven by Diwali spending and recent GST rate cuts. This marks one of the strongest month-on-month growth trends for UPI in the past few years.
Oct 22, 2025, 15:11 PM IST
Govt, Private Sector Can Keep Tariff Disruptions To Minimum: FinMin Economic Review
Domestic demand remained buoyant, as reflected in FMCG sales, UPI transactions, and vehicle sales, supported by strong rural consumption, strengthening urban demand and favourable monsoon conditions.
Aug 27, 2025, 23:40 PM IST
No Plan To Levy GST On UPI Transactions Exceeding Rs 2,000: Centre
He clarified that under GST, there are two components – CGST (Central GST) under the central government and SGST (State GST) under state governments.
Jul 27, 2025, 11:34 AM IST
India Becomes Global Leader In Fast Payments As UPI Processed 18.39 Billion Transactions In June
India is also advocating for UPI to be adopted as a payment standard within the BRICS group, which recently added six new member countries.
Jul 20, 2025, 17:14 PM IST
Will UPI Transactions Be Charged? Here’s What Finance Ministry Says
The official rebuttal was issued following several reports circulated online claiming that the government was planning to impose MDR on large-ticket UPI transactions.
Jun 11, 2025, 21:20 PM IST
These UPI Transactions Will Have Limits Under NPCI’s New API Rules Starting THIS Date
NPCI, in a circular dated May 21, 2025 asked all banks and payment service providers (PSPs) to keep a close check on the usage of ten high-frequency APIs on the UPI network.
May 28, 2025, 11:20 AM IST
UPI Hits New Record In April: 596 Million Daily Transactions, Rs 24 Lakh Crore In Value
The move aims to cut delays in payment processing, transaction verification, and reversals. NPCI has advised all participating entities to ensure that these faster timelines do not lead to an increase in technical declines or service disruptions.
May 01, 2025, 15:01 PM IST
No GST On UPI Transactions Over Rs 2000? FinMin Issues Clarification
GST is levied on charges, such as the Merchant Discount Rate (MDR), relating to payments made using certain instruments.
Apr 18, 2025, 20:28 PM IST
Income Tax: Does IT Department Track Your UPI Transactions? Find Out
UPI transactions are also monitored by the Income Tax Department just like other forms of income.
Apr 18, 2025, 18:48 PM IST
UPI Transactions See 33 Per Cent YoY Volume Growth In Feb, Value Up 20 Per Cent
Meanwhile, the Immediate Payment Service (IMPS) transactions stood at 405 million. In value terms, this was Rs 5.63 crore.
Mar 01, 2025, 10:42 AM IST
Starting Feb 1, These UPI Transactions Will Be Declined – Details Here
The January 9 circular advised all UPI system participants to generate transaction IDs using only alphanumeric characters to meet UPI’s technical standards.
Jan 29, 2025, 14:32 PM IST
UPI Achieves 15,547 Crore Transactions Worth Rs 223 Lakh Crore From January To November
UPI processed an impressive Rs 23.49 lakh crores across 16.58 billion financial transactions in October 2024, marking a 45 per cent year-on-year growth from 11.40 billion transactions in October 2023, as per the Ministry of Finance figures.
Dec 14, 2024, 18:11 PM IST
Should You Switch From UPI To UPI Lite For Small Value Payments? Check Transaction Limitations And Differences
UPI Vs UPI Lite Features: NPCI under the guidance of the Reserve Bank of India (RBI) rolled out UPI Lite in September 2022, an enhanced version of UPI, which allows several low-volume transactions to be performed without entering a UPI pin.
Dec 09, 2024, 19:09 PM IST
October UPI Milestone: Rs 23.50 Lakh Crore Transferred In 1,650 Crore Transactions
In the UPI ecosystem, the top banks for sending and receiving funds are State Bank of India (SBI), HDFC Bank, and YES Bank.
Nov 02, 2024, 14:36 PM IST
Make UPI Payments Without Internet: Here’s Your Step-by-Step Guide
National Payments Corporation of India (NPCI) has launched a special service that allows UPI transactions without needing an internet connection.
Sep 23, 2024, 06:30 AM IST
UPI vs UPI Lite: From Transaction Limit To Availability; Which Platform Suits You Best? |Explained
UPI allows users to instantly transfer funds between different bank accounts through their mobile phones. Meanwhile, UPI Lite acts as an on-device wallet for small-value transactions.
Aug 10, 2024, 16:23 PM IST
UPI Breaks Record! 14.04 Billion Transactions In May, Sees 49% Year-on-Year Growth
Both the NPCI and the Reserve Bank of India (RBI) are exploring new use cases for UPI and extending its reach into the rural economy.
Jun 02, 2024, 14:40 PM IST
HDFC Bank To Stop SMS Alerts For Small UPI Transactions Starting From THIS Date: Find Out Why
HDFC bank stated that the decision to stop SMS alerts for low-value UPI transactions is based on customer feedback.
May 29, 2024, 13:19 PM IST
Fort Visit, Roadshow, UPI Transactions: French President Macron, PM Modi To Explore Jaipur Today
Prez Macron's visit is emblematic, marking the 25th anniversary of the India-France Strategic Partnership. The Pink City, bedecked with posters of the leaders, resonates with the significance of this diplomatic occasion.
Jan 25, 2024, 10:33 AM IST
Razorpay Unveils Instant Refunds On Failed UPI Transactions; Everything You Need To Know
In 2023 transactions on the UPI platform surpassed 100 billion marking a 60% increase from the previous year's 74 billion.
Jan 23, 2024, 18:42 PM IST