Latest Updates Around The World
This move aims to develop a fully digital toll ecosystem and consolidate the gains made in electronic toll collection. | Photo credit: Shanker Chakravarty The National Highways Authority of India (NHAI) is considering discontinuing cash transactions at National Highway fee plazas across the country from April 1, 2026, proposing that all toll payments be processed […]
Rajiv Naresh, MD and CEO, Navi Navi is sharpening its focus on product depth and institutional scale, MD & CEO Rajiv Naresh said business linewhich outlines a future roadmap for payments, lending and asset management. “The second turning point of our journey is UPI,” Naresh said, pointing to the emergence of Navi UPI as a […]
This article provides a professional guide on how UPI works internallywhere the emphasis is on the backend architecture, the linking role of NPCI and the actual transaction flow between banks. While most online guides only explain UPI from a user’s perspective, this article takes a much deeper look at the systems that make each transaction […]
The RBI official dismissed the benefits claimed by stablecoin proponents, noting that India’s existing payment infrastructure already offers efficient solutions. | Photo credit: REUTERS/Dado Ruvic Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar said stablecoins lack the basic features of money and pose significant risks to monetary stability, effectively precluding their integration into […]
Between 2021 and 2025, UPI’s transaction volume has more than quadrupled, while the total value of transactions has more than tripled. The Unified Payments Interface (UPI) continued its meteoric rise in November 2025, crossing over 19 billion transactions worth ₹24.58 lakh crore on November 28, according to data released by the National Payments Corporation of […]
NPCI International Payments Limited (NIPL), the international arm of the NPCI, today announced a partnership with BENEFIT, Bahrain’s major fintech and electronic financial transaction company, to enable real-time cross-border money transfers between India and Bahrain. Under the pact, India’s Unified Payments Interface (UPI) will connect to Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ […]
India’s digital payments ecosystem continues its rapid expansion, with the Unified Payments Interface (UPI) maintaining a dominant position in transaction volumes, according to the Reserve Bank of India’s Payment Systems Report for the six months ending June 2025. The report shows that digital transactions in India have grown 38 times in volume and more than […]
Credit card transactions have skyrocketed over the years, with the transaction volume increasing from 208.7 crore in 2019 to 447.2 crore in 2024, while the value increased from ₹7.1 lakh crore to ₹20.4 lakh crore. | Photo credit: Kunakorn Rassadornyindee Private sector banks continue to dominate the credit card space in India and are focusing […]
NPCI International Payments Ltd (NIPL), the international arm of the National Payments Corporation of India (NPCI), announced the signing of a Memorandum of Understanding (MoU) with NTT DATA Japan, a core subsidiary of the NTT DATA Group, for a strategic alliance towards adoption of Unified Payments Interface (UPI) in the Japanese market. NTT DATA Japan […]
