August 3, 2025

UPI

India UPI Payments Surpasses Visa To Become World’s Top Real-Time Payment System Says IMF | Banking and Finance News

Admin06 mins

Last Updated:July 21, 2025, 14:25 IST India’s UPI payments, handling 640 million daily transactions, surpassing Visa. UPI powers 85% of India’s digital payments and 60% globally, now live in seven countries. UPI is a real-time payment system that enables instant money transfers between bank accounts through a mobile application. India UPI Payments: India’s real-time payment…

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NPCI moving to give netbanking a UPI-like makeover

Admin013 mins

Why such problems occur is that merchant platforms such as Amazon and Flipkart typically tie up with payment aggregators or gateways such as CC Avenue and PayU, which in turn individually partner with multiple banks to enable netbanking. This involves individual reconciliation with each bank and then settlement with the merchants. This mechanism may become…

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