Browsing Tag

UPI transactions

Record GST, surging UPI transactions and 27% jump in vehicle sales signal India’s economic…

May 3, 2026

India’s economy continues to display strong momentum, with record tax collections, rapid growth in digital payments and a sharp rise in automobile sales underscoring sustained domestic demand. The latest economic indicators suggest that…
Read More...

NPCI Introduces Separate Settlement Cycles for UPI Transactions

Sep 27, 2025

The National Payments Corporation of India (NPCI) has announced new settlement cycles for Unified Payments Interface (UPI), introducing a clear separation between authorised transactions and dispute-related settlements. The move is aimed at…
Read More...

No GST on UPI transactions over Rs 2,000, government clarifies

Apr 19, 2025

The government on Friday dismissed claims that it is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, calling them “false, misleading, and baseless.” “There is no such…
Read More...