NPCI | DD News

April 30, 2026 9:55 PM

Unified Payments Interface at 10: UPI emerges as world’s largest real-time payments platform, anchoring India’s digital economy

A decade after its launch, the Unified Payments Interface (UPI) has transformed from a fledgling digital experiment into the world’s largest real-time payments platform, powering nearly half of global instant payment transactions and redefining how India pays, saves and transacts. Launched on April 11, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), UPI today stands as the backbone of India’s digital economy - driv...

February 1, 2026 10:49 AM

UPI transaction volume jumps 28% in January: NPCI data

Transactions on the Unified Payments Interface (UPI) recorded a 28 per cent year-on-year rise in volume to 21.70 billion in January, while the transaction value grew 21 per cent annually to Rs 28.33 lakh crore, data released by the National Payments Corporation of India (NPCI) showed on Sunday. On a month-on-month basis, both transaction volume and value also registered an increase. The average daily transaction value in January stood at Rs 91,403 crore, up from Rs 90,217 crore in Dece...

April 29, 2025 4:00 PM

NPCI directs banks to limit ‘check transaction’ API usage to avoid UPI outage

The National Payments Corporation of India (NPCI) has directed banks to limit the use of the 'Check Transaction' application programming interface (API) following a major outage in the Unified Payments Interface (UPI) on April 12. The outage, which lasted over five hours, was caused by a surge in transaction status queries sent by banks. The spike in API calls overwhelmed the system, leading to a sharp drop in transaction success rate. During the disruption, which lasted from 11:40 am to 4:40 ...

January 28, 2025 12:41 PM

UPI’s share in India’s digital payments surged to 83%: RBI report

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable compound annual growth rate (CAGR) of 74 per cent over the last five years, according to the RBI’s payment system report. In contrast, the share of other payment systems like RTGS, NEFT, IMPS, credit cards, debit cards, etc., in digital payments volume declined from 66 per cent to 17 per cent during the same period, the rep...

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. ...