NPCI operates the UPI service along with other payment processing infrastructure. Total transactions processed by UPI in 2023 stood at 117.6 billion. The UPI rails also witnessed a little over Rs 182 lakh crore in total value being processed through the payments infrastructure last year, data showed. Monthly transactions on UPI have seen an over 49% jump between January and December in 2023.
Our most popular payment interface, UPI is set to launch Tap-to-Pay feature by 31 January this year. Find out how the NFC enabled feature means for its users.
UPI AutoPay is the recurring payment mandate run by the NPCI on the UPI payment mode. Consumers usually use the feature to pay for their entertainment, newspaper subscriptions and other small-value recurring payments.
UPI AutoPay is the recurring payment mandate run by the NPCI on the UPI payment mode. Consumers usually use the feature to pay for their entertainment, newspaper subscriptions and other small-value recurring payments.