It can be frustrating when you make a UPI payment and the money is debited from your account, but the recipient doesn’t get it. This is a common issue, and the key is to stay calm and follow a clear process to get it resolved. What Happens When a UPI Transaction Fails? When a transaction … Read more
UPI’s Record-Breaking July 2025 The Unified Payments Interface (UPI) hit a new high in July 2025, processing 19.47 billion transactions worth ₹25.08 lakh crore. This milestone, according to the National Payments Corporation of India (NPCI), shows a significant jump in digital payment adoption. Key Highlights from the Data: Dilip Modi, Founder & CEO of Spice … Read more
New UPI Rules Start August 1, 2025: What You Need to Know Starting today, August 1, 2025, new rules for the Unified Payments Interface (UPI) system are in effect. Mandated by the National Payments Corporation of India (NPCI), these changes are designed to make your online payments smoother and more secure. Here’s a breakdown of … Read more
New Co-branded Credit Card Launched by SBI Card and PhonePe SBI Card and PhonePe have teamed up to introduce a new co-branded credit card, the PhonePe SBI Card. It comes in two versions: SELECT BLACK and PURPLE, both designed to reward customers for their everyday spending. Key Features and Benefits Both cards offer versatile features … Read more
You know how you use UPI for everything from your morning coffee to online shopping? Well, it’s about to get even more powerful! Starting August 31, 2025, you’ll be able to link your pre-approved credit lines – like those backed by your fixed deposits, shares, or even overdraft facilities – directly to your UPI apps. … Read more
Tax Refunds Just Got Faster: NPCI Revolutionizes PAN and Bank Account Verification Great news for taxpayers! The National Payments Corporation of India (NPCI) is making tax refunds quicker and smoother with a new real-time validation system for PAN and bank account details. Announced on June 17, 2025, this initiative is all about speeding up the … Read more
Paytm shares tumbled 10% on Thursday, June 12, 2025, hitting a low of Rs 864.20. This sharp decline followed speculation that the Indian government might reintroduce the Merchant Discount Rate (MDR) on UPI payments. However, the Finance Ministry quickly dismissed these reports as “false, baseless, and misleading,” reaffirming that no MDR has been imposed on … Read more
UPI Circle: Send Money Without a Bank Account! Exciting news from NPCI! The new UPI Circle feature is a game-changer, letting you send money via UPI even if you don’t have a bank account. This is huge for kids, seniors, and folks in rural areas, bringing them into the digital payment world. Even a zero … Read more