BHIM-UPI

Bengaluru traders will stage a city-wide bandh on July 25th protesting GST notices.* Tax authorities targeted thousands of small businesses whose UPI transactions exceeded GST registration thresholds (₹40L/₹20L). Traders argue the notices penalise them unfairly, mixing personal transfers with low actual sales. Fearing harassment and ruin, many have abandoned UPI, ironically reversing India's digital payment drive.

The Union Cabinet chaired by PM Narendra Modi on Wednesday approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25.

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.

Reserve Bank of India and Nepal Rastra Bank signed and exchanged Terms of Reference for integration of Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal

PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.

Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration

Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.

A brief look at the achievements and initiatives of Finance and Corporate Affairs Minister Arun Jaitley

In the last year, the monthly UPI transaction volume has gone up by more than 2,000 per cent, according to NPCI data.