Introduction In a landmark achievement of digital payment, India’s Unified Payments Interface (UPI) has overtaken Visa to become the world’s largest real-time payment system. With over 650 million ...

Unified Payments Interface (UPI) has overtaken Visa to become the world's leading real-time payment system, processing over ...

UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a compound annual growth rate (CAGR) of 74 per cent over five years ...

The new system allows policyholders to block funds in their bank accounts for premium payments, ensuring smooth transactions without immediate debits, an IRDAI circular dated February 18 stated.

UPI platforms: RBI governor Shaktikanta Das said users will be able to pay rent, school fees, tax, and other fees for professional services via Bharat Bill Payment System. At present, the system ...

Bima-ASBA: New UPI-based insurance payment system for policyholders; here's how it works IRDAI: The new system allows policyholders to block funds in their bank accounts for premium payments Join ...