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UPI transactions cross 500 million in November

Saturday, December 1, 2018, 7:58 PM

Monthly transactions through the UPI crossed the 500 million mark for the first time in November, data released by the National Payments Corporation of India (NPCI) on Saturday showed. Under the UPI, 524.94 million transactions amounting to Rs 82,232.21 crore were carried out during the month, a 9% increase in transaction volume, compared with 482.36 million transactions worth Rs 74,978.27 crore in October.
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You Could Soon Earn Cashbacks On GST For Payments Made Digitally

Sunday, August 5, 2018, 3:38 PM

The GST Council cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM-app and UPI-system to promote cashless transactions. Volunteer states would roll out incentives on pilot basis for digital payments, and the GSTN, the IT backbone of the GST-network, and the NPCI will develop a system soon for the same, FM Piyush Goyal told.
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PM Modi Launches BHIM, RuPay, and SBI Apps in Singapore

Thursday, May 31, 2018, 6:35 PM

PM Narendra Modi launched three Indian mobile payment apps in Singapore at a business event aimed at internationalisation of the country's digital payment platform. At the 'Business, Innovation and Community Event' where the digital platform was the main feature, PM Modi launched India's BHIM, RuPay and SBI app. India's RuPay digital payments system was linked up with Singapore's 33-year old Network for Electronic Transfers(NETS).

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