Tag Archives: Unified Payments Interface

The Unified Payments Interface (UPI) continues to solidify its dominance in India’s financial landscape, achieving a record 15,547 crore transactions worth ₹223 lakh crore between January and November 2024, according to the Finance Ministry.

The Reserve Bank of India (RBI) has unveiled a significant initiative that will revolutionize banking transactions by enabling cash deposits through the popular Unified Payments Interface (UPI). This announcement was made during the first bi-monthly monetary policy of the current financial year by RBI Governor Shaktikanta Das.

India's Unified Payments Interface (UPI) services made their debut in Sri Lanka and Mauritius on Monday, marking a significant milestone in the digital financial landscape of the region. The virtual inauguration ceremony witnessed the participation of Prime Minister Narendra Modi, Mauritian Prime Minister Pravind Jugnauth, and Sri Lankan President Ranil Wickremesinghe.

Foreign delegates attending India's G20 summit have praised the Unified Payments Interface (UPI) technology, highlighting its convenience and inclusion. The Indian government offered practical UPI demonstrations to approximately 1,000 delegates as part of its Digital India initiative, emphasizing the country's digital public goods.