UPI payments

Credit card-linked UPI payment via QR code finally begins with domestic RuPay credit cards

In a first of its kind, the government-backed RuPay credit card has gone live with a unified payment interface (UPI), which means scanning QR codes at merchant outlets for goods and services instead of using a POS terminal. In his opening remarks, Nandan Nilekani, the non-executive chairman of Infosys, said that the Reserve Bank of …

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Rising credit card, UPI payments indicate increase in consumption: Report

Amid recovery in economic activities with ebbing impact of Covid pandemic, rising credit card and UPI payments indicate towards increase in consumption, say experts. The Unified Payments Interface (UPI) transaction increased from ₹9.83 lakh crore in April this year to ₹10.73 lakh crore in August, the RBI’s monthly data shows. The data added that the …

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