The RBI has introduced a system that allows users to pay from their digital wallets using any UPI (Unified Payments Interface) app. This is possible for wallets that ...

you can also use it to pay at shops or online without having to switch between different apps The Reserve Bank of India (RBI) has now allowed users to pay from their digital wallets using any UPI ...

In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI’s launch in 2016. This surge reflects growing ...

With UPI123Pay, users can now transfer up to Rs 10,000 to any other UPI user. However, the transaction limit for smartphone apps like PhonePe, Paytm, and Google Pay remains unchanged, allowing UPI ...

It facilitates rapid, secure, and seamless transfer while sending or receiving money. BHIM UPI is one of the most versatile UPI apps used by normal people. BHIM UPI app was developed by the government ...

making it easier for users to link their digital wallets to UPI-enabled apps,” says Ankush Julka, COO at Mufin Pay. Interestingly, some popular prepaid payment instruments (PPI) providers still ...

Likewise, third-party UPI apps such as PhonePe and Google Pay were limited to enabling UPI transactions that were directly connected to bank accounts. PPI users will now be able to conduct ...

by allowing UPI payments through any third-party UPI-enabled app. Only full-KYC PPIs are eligible for this feature, ensuring added security through pre-authorization. This move promotes digital ...

However, credit cards have lost some of the market share to UPI apps lately which have become quite prevalent. Total credit card payments across platforms rose 12 percent in the past one year ...

Previously, UPI payments between bank accounts could be made through either the bank’s own UPI app or third-party apps. However, UPI payments from or to a PPI could only be processed via the issuer's ...

RBI has granted third-party applications access to Prepaid Payment Instruments (PPIs) via UPI, allowing PPI holders to make and receive UPI payments through mobile apps. Previously, UPI payments could ...