UPI
IMF Recognizes India's UPI as World's Largest Real-Time Payment System with 49% Global Market Share
Dec 09, 2025 02:53 am CST
The International Monetary Fund has officially recognized India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume. With a 49% global market share and 129.3 billion transactions, UPI significantly outperforms systems in Brazil, Thailand, and China, while government initiatives continue expanding digital payment infrastructure across India.
RBI Announces Integration of UPI with European TIPS for Cross-Border Payments
Nov 22, 2025 02:58 am CST
The Reserve Bank of India has announced the interlinking of India's Unified Payments Interface (UPI) with the European TARGET Instant Payment Settlement system, enabling seamless cross-border remittances between India and the Euro Area. This initiative aligns with the G20 Roadmap for enhancing international payment systems, making them more affordable and accessible.
India's Dual Success: Achieving Economic Growth While Advancing Social Inclusion According to UNDP
Nov 16, 2025 08:55 pm CST
UNDP Acting Administrator Haoliang Xu praises India's development model that successfully balances economic growth with social inclusion. The article highlights how India's innovative approaches to digital finance, climate adaptation, and participatory governance are creating valuable lessons for developing nations worldwide, while establishing frameworks that ensure no one is left behind in the development process.
Digital Fraud Incidents Rising Since July: RBI Deputy Governor Highlights Banking Sector Challenges
Nov 07, 2025 10:11 pm CST
RBI Deputy Governor T Rabi Sankar reports an uptick in digital fraud incidents since July after a period of decline, urging banks to modernize core infrastructure to compete with fintechs. The report details shifting fraud patterns, banking vulnerabilities, and the potential impact of digital currencies on traditional banking models.
India's Digital Success: UPI and Aadhaar Models Adopted by Dozens of Countries Worldwide, Says Minister Vaishnaw
Oct 21, 2025 04:56 pm CST
Union IT Minister Ashwini Vaishnaw reveals at NDTV World Summit that India's open-source digital infrastructure systems, including UPI and Aadhaar, have been adopted by numerous countries globally, highlighting India's contribution to worldwide technological advancement while maintaining principles of sovereignty and privacy protection.
UPI Adoption in France Boosts Indian Tourism by 40%: Lyra Network Chairman Reveals Digital Payment Impact
Oct 10, 2025 04:17 pm CST
The implementation of India's UPI payment system across French tourist destinations has led to a 40% increase in Indian visitors, according to Lyra Network's Chairman Christophe Mariette. The familiar payment method offers enhanced security for travelers, showing exact expenses in rupees while supporting tourism growth. UPI will soon expand to luxury shopping destination Bicester Village, further strengthening the connection between India's fintech ecosystem and global retail.
Revolut Enters Indian Market with Digital Payment Platform, Targeting 20 Million Users by 2030
Oct 08, 2025 04:36 pm CST
London-based fintech giant Revolut is launching its payment platform in India through partnerships with UPI and Visa, investing £40 million to meet local data regulations. The company aims to acquire 20 million Indian customers by 2030 as part of its strategic global expansion, beginning with 350,000 waitlisted users later this year.
India Expands Strategic Partnership with Central American Nations in Digital, Healthcare and Agricultural Sectors
Sep 26, 2025 07:05 pm CST
External Affairs Minister S Jaishankar proposes enhanced India-SICA cooperation across digital payment systems, healthcare, renewable energy and agriculture at the Fifth Foreign Ministers Meeting in New York. The partnership aims to address shared challenges including development, poverty alleviation and climate change through practical collaboration that contributes to a more inclusive world order.
UPI Now Accepted In Qatar, Qatar Duty Free Becomes First Merchant
Sep 24, 2025 09:10 pm CST
NPCI International Payments Ltd, in partnership with Qatar National Bank, has enabled the acceptance of QR code-based Unified Payments Interface across Qatar via point-of-sale terminals for merchants acquired by QNB
Mumbai Tops As India's 'Millionaire Capital' With 1.42 Lakh Families: Report
Sep 19, 2025 12:54 pm CST
Over a third of the Indian rich prefer not to drink alcohol, a survey released on Thursday said.