UPI credit cards will grow massively in next 1-2 years, says Riya Bhattacharya of Rio Money

Once a user starts using a UPI credit card, it becomes a daily habit. This is why UPI payments are a huge market to tap into with its size almost…

’India’s success with UPI offers replicable model for other nations’

New Delhi [India], December 7 (ANI): India’s success with UPI offers a replicable model for other nations, a paper written by noted experts asserted, arguing that how this indigenous fintech…

UPI transactions see 6.6% decline in November, but grow 38% yearly

UPI transactions in November 2024 stood at 15.48 billion. This marked a 38% year-on-year growth, according to the National Payments Corporation of India (NPCI). The total transaction value was ₹21.55…

AI-driven fraud ushers in ‘golden age of cybercrime’: Expert

India has lost over ₹11,000 crore to cyber fraud in the first nine months of 2024, according to the Indian Cyber Crime Coordination Center (I4C), with stock trading scams accounting…

Planning to borrow from a personal loan lending app? Make note of 6 key points

Gone are the days when a loan seeker had to literally run from pillar to post to procure a personal loan. Now with a barrage of loan options to choose from,…

What is Aadhaar Enabled Payment System and how it benefits users in far-flung areas

The Aadhaar Enabled Payment System (AEPS) is transforming how users in rural and semi-urban areas access banking services. With just an Aadhaar number and biometric authentication, AEPS allows users to…

UPI fraud cases surge by 85% in FY24: Key insights and data

UPI fraud cases surged by 85% in FY24. The number of incidents rose from 7.25 lakh in FY23 to 13.42 lakh in FY24. These cases involved a total value of…

What are UPI credit cards? How are they changing the way we make payments? An explainer

If you are quite accustomed to making all your sundry payments via Unified Payments Interface (UPI) app and are unsure of changing this habit of yours to embrace credit card…

UPI 123Pay’s new ₹10,000 transaction limit: NPCI directs banks to comply by January 1

The Reserve Bank of India (RBI) has announced an increase in the transaction limit for UPI 123Pay from ₹5,000 to ₹10,000. This change is set to benefit millions of feature…

UPI 123 Pay: Key changes to come into effect before January 1

The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India…