NPCI

January 1, 2025 5:09 PM

UPI Transactions surge by 8% to ₹23.25 lakh crore in December, record 35% growth in 2024

In a new milestone, Unified Payments Interface (UPI) transactions recorded an 8% month-on-month growth in December 2024, with transaction volumes reaching 16.73 billion, according to data released by the National Payments Corporation of India (NPCI) on Wednesday. The transaction value also surged by 8%, rising to ₹23.25 lakh crore from ₹21.55 lakh crore in November. For the entire year 2024, UPI transactions saw impressive growth, with volumes soaring by 46% to 172 billion, compared to 118...

December 31, 2024 9:31 PM

NPCI removes UPI user onboarding limit for WhatsApp Pay

The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect. With this, WhatsApp Pay can now extend UPI services to its entire user base in India, the NPCI said in a statement. Previously, the NPCI had permitted WhatsApp Pay to expand its UPI user base in a phased manner, lifting the previous cap of 100 million users. With this notification, the NPCI is removing the limit restrictions on...

May 6, 2024 4:09 PM

India, Ghana strengthen ties at 4th joint trade committee meeting

The 4th session of the India-Ghana Joint Trade Committee (JTC) recently concluded in Accra, with both nations resolving to enhance bilateral trade and investment cooperation. According to a press release from the Ministry of Commerce and Industry, during the two-day meeting from May 2-3, India and Ghana agreed to operationalize the Unified Payment Interface (UPI) of the National Payments Corporation of India (NPCI) on Ghana's Interbank Payment and Settlement Systems (GHIPSS) within six months. ...