Going cashless: Unified Payments Interface value, volume soar to highest ever level in May
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Rising Startup on Instagram: "The Unified Payments Interface (UPI) has been recognised as the world’s largest retail fast-payment system by transaction volume, according to an International Monetary Fund (IMF) report cited by the Ministry of Finance. Minister of State for Finance Pankaj Chaudhary shared the information in a written reply in the Lok Sabha on Monday. The IMF’s June 2025 study, Growing Retail Digital Payments (The Value of Interoperability), placed UPI ahead of other global real-ti
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Factual World on Instagram: "India’s Unified Payments Interface (UPI) has been introduced in Japan, marking a significant milestone in cross-border digital payments. The move allows Indian travelers and businesses to make seamless, cashless transactions using UPI-enabled apps, reducing dependence on cards and currency exchange. Officials say the rollout reflects growing India–Japan fintech cooperation and trust in India’s digital public infrastructure. Experts believe UPI’s expansion will boost
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Rising Startup on Instagram: "India's most widely used digital payment system, the Unified Payments Interface (UPI), is about to get a major upgrade. Starting October 8, users will be able to authorise payments using their face or fingerprint instead of a numeric PIN, Reuters reported. The new biometric-based authentication, powered by Aadhaar data, promises to make transactions faster, easier, and more secure for millions of users across the country. Here is a look at what might be changing, ho
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