What is UPI Meta? NPCI may plan new feature to streamline online payments: All you need to know

UPI Meta has emerged as a potential game-changer in the digital payments landscape, with the National Payments Corporation of India (NPCI) reportedly exploring this new feature to simplify the online shopping experience. According to anEconomic Times report citing senior government officials, UPI Meta would allow customers to save their UPI ID directly on e-commerce websites…

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UPI: The world’s favourite payment method hits $964 billion in record time

Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year. Transaction metrics and global comparison UPI processed a staggering 3729.1 transactions…

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Can NPCI’s new UPI credit line be an alternative for entry level credit cards?

The National Payments Corporation of India’s (NPCI) ‘Pre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)’ would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts. This…

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