Unified Payments Interface (UPI)

February 20, 2026 6:08 PM

Govt likely to discontinue cash payments at National Highways from April 1

The government on Friday said that the NHAI is contemplating to completely discontinue cash transactions at the National Highway fee plazas across the country from April 1, 2026. The move will develop a fully digital National Highway tolling ecosystem. Post implementation, all toll payments at National Highway fee plazas will be processed exclusively through digital modes using FASTag or Unified Payments Interface (UPI). According to the Ministry of Road Transport and Highways, the proposed m...

February 16, 2026 3:44 PM

UPI preferred mode of transaction at 57%, surpassing cash at 38%: Survey

Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person-to-Merchant) transactions' during t...

October 22, 2025 12:49 PM

UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month

The Unified Payments Interface (UPI) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India (NPCI). 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 p...