UPI Payments: Automate transactions to spend tracking. Five lesser-known perks that you should know

January 25, 2024

The Unified Payments Interface (UPI) is a real-time payment system designed to enable peer-to-peer inter-bank transfers through a simple two-factor authentication process. India has emerged as one of the fastest-growing ecosystems for fintech innovation and the government and the central bank have been instrumental in driving the globalisation of India’s digital payment infrastructure. UPI has …

UPI accounts not operational stand to get de-activated from Jan 1 onwards

December 30, 2023

If you have a UPI (Unified Payments Interface) account with any of the popular apps such as Google Pay, Phone Pay or Paytm, and have not been able to use it for a year or longer for any reason whatsoever, then it is set to get deactivated from Jan 1 onwards. This will be done as …

UPI vs UPI Lite: Transaction limit, other key differences between these two India’s digital payment systems explained

October 3, 2023

UPI vs UPI Lite: United Payments Interface (UPI) and UPI Lite represent two facets of digital payment systems. UPI, a comprehensive platform, enables seamless transactions, linking multiple bank accounts, and offers a wide range of services. On the other hand, UPI Lite is a simplified version, catering to users seeking basic functionality. It’s like a …

Upi: UPI Lite X for offline payments: What it means for users

September 10, 2023

Unified Payment Interface (UPI) has become one of the most popular ways for transactions in India. To improve convenience in payments, the governor of the Reserve Bank of India (RBI) recently launched a new feature called UPI Lite X. This feature will allow users to send and receive money while being completely offline. RBI governor …