Unified Payments Interface (UPI)

September 15, 2026 11:23 AM

No charges on UPI transactions up to Rs 2,000 : Govt

The government has directed banks and payment system providers not to levy charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 or on payments made through RuPay debit cards. As per a gazette notification dated September 14, no bank or system provider would impose, whether directly or indirectly, any charge on a person making or receiving a payment through RuPay debit card or UPI transaction of up to Rs 2,000. The notification follows an amendment to section 10 A of the P...

July 1, 2026 12:20 PM

UPI clocks 23 per cent growth in June, transactions hit 22.72 billion

The Unified Payments Interface (UPI) transaction volumes rose 23 per cent (year-on-year) to 22.72 billion in June, while UPI transaction value surged 20 per cent to Rs 28.92 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Wednesday. On an average basis, UPI processed around 757 million transactions daily in June, with average daily transaction value standing at about Rs 96,405 crore. In May, UPI transaction volumes stood at 23.20 billio...

June 30, 2026 11:15 AM

UPI now live in Greece as India’s digital payment ecosystem expands globally: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the Unified Payments Interface (UPI) is now live in Greece, enabling eligible customers to make instant, secure and seamless money transfers at significantly lower transaction costs than conventional payment methods. The growing global adoption of UPI reflects confidence in Prime Minister Narendra Modi's vision of developing technology-driven solutions that create value beyond national borders and strengthen international partnerships,...

June 3, 2026 9:57 PM

NPCI International launches cross-border UPI payments in Cambodia

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India, has officially partnered with ACLEDA Bank Plc. to launch Unified Payments Interface (UPI) acceptance in Cambodia, according to an official statement issued on Wednesday. The breakthrough collaboration went live following a formal ceremony in Phnom Penh, attended by Chea Serey, Governor of the National Bank of Cambodia, alongside high-level representatives from the Reserve Bank of Ind...

June 2, 2026 5:24 PM

UPI Records 23.2 Billion Transactions Worth Rs 29.9 Trillion in May 2026: NPCI

The Unified Payments Interface (UPI) continued to dominate India's digital payments ecosystem in May 2026, recording a new high of 23.2 billion transactions worth Rs 29.9 trillion, according to data released by the National Payments Corporation of India (NPCI). The figures underscore UPI's growing role as the backbone of India's digital payments infrastructure, driven by widespread adoption across person-to-person (P2P), merchant and retail transactions. NPCI data showed that UPI processed 23,...

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...