Unified Payments Interface( UPI) has revolutionized how Indians pay, distribute ... digital currencies and India’s real- time payments system is n't just a specialized advancement, but a ...

In a major step to curb financial fraud online, the Indian government has launched a new security feature that will block UPI ... banks, UPI platforms like PhonePe, Google Pay, and Paytm, and ...

UPI accounted for 84% of total transactions processed in India’s retail payment systems in FY25, according to the Reserve Bank of India (RBI) Annual Report 2024-2025. In terms of volume, UPI ...

UPI users across India can expect their transactions to complete faster than before. The NPCI has introduced new guidelines ...

GSPay is a mobile application built on top of UPI 123PAY, the UPI payment solution for feature phones. It is developed by National Payments Corporation of India (NPCI). PhonePe said it will ...

In addition, NPCI has streamlined the process of confirming payment status. Previously, users had to wait up to 30 seconds to ...

Users can now check balances up to 50 times daily, while transaction status checks have also been expedited, ensuring quicker ...

This strategic move, leveraging NPCI's UPI 123PAY framework, aims to integrate millions into the digital economy. The upcoming PhonePe app will offer P2P transfers and offline QR code payments ...

"PhonePe said it will customise and extend the recently acquired GSPay IP and launch its own feature-phone based UPI payment mobile app on new feature phones in India, over the next few quarters ...

requiring that “all payments of such licence fee shall be processed exclusively through said online system," and explicitly barring any alternative mode of payment. Stakeholders have been given ...