upi transactions

India's upi transactions reached record highs in May, with 23.2 billion transactions valued at Rs 29.90 lakh crore. This growth, driven by summer travel and seasonal spending, signifies a healthy upward trajectory for the digital payments ecosystem. Future expansion is anticipated through Credit-on-UPI and cross-border initiatives.

Digital payments are booming as upi transactions hit 2,320 crore in May, a significant jump from April. This surge reflects a robust 24% year-on-year volume growth. Meanwhile, National Electronic Toll Collection also saw a healthy month-on-month increase in both transaction numbers and value, indicating continued digital adoption across various payment platforms.

Indian travellers can now use UPI in Cambodia. This makes payments easier across the country. Over 4.5 million merchants accept UPI. This includes hotels, restaurants, and transport. Travellers no longer need to carry large amounts of cash. This partnership with ACLEDA Bank simplifies travel. Cambodian travellers will also be able to use their payment apps in India soon.

UPI Circle offers a secure solution for managing household payments by allowing delegated upi transactions to trusted individuals. This feature enables setting spending limits and approval controls, ensuring convenience and safety without sharing full account access. It provides a controlled way for family members to make payments while maintaining oversight.

India's National Payments Corporation of India (NPCI) has launched UPI Lite to streamline small transactions. This feature allows users to make instant, PIN-free payments for everyday purchases, reducing checkout time and bank statement clutter. By maintaining a small balance, users can enjoy a more convenient and efficient payment experience for micro-transactions.

Delhi Police has dismantled an interstate cyber fraud ring, arresting three individuals for siphoning over Rs 4.3 lakh through unauthorized banking transactions. The syndicate operated in layers, luring account holders, collecting credentials, and then transferring funds. Investigators recovered Rs 4 lakh and seized numerous debit cards and SIM cards.

A Bengaluru woman's attempt to secure IPL tickets for her ailing father led to a devastating financial loss of over Rs 18.4 lakh. Scammers on Instagram and WhatsApp posed as ticket sellers, manipulating her with fake booking details and refund promises. Despite multiple payments, no tickets were delivered, prompting a police complaint.

According to cybercrime police, while technological progress has delivered many advantages, cybercriminals continue to misuse it to develop advanced scam methods. Frequently, even before people become aware of one type of fraud, scammers introduce more complicated approaches to trick unsuspecting victims.

Telangana CID's Special Investigation Team has dismantled an illegal online betting network connected to Dafabet. Eleven individuals were apprehended in Delhi, Gujarat, and Punjab. The operation followed a complaint from a software engineer who lost nearly Rs 10 lakh. Investigators traced funds through numerous bank accounts, uncovering a multi-state operation. Seizures included vehicles, electronics, and cash.

Planning a bank visit in June requires checking the holiday list as branches in several states will be closed on specific dates for festivals like YMA Day, Raja Sankranti, Moharrum, and Muharram. Additionally, banks observe closures on the second and fourth Saturdays of each month, impacting physical branch operations.

Nepal's Foreign Minister Shisir Khanal on Sunday called for a stronger development-oriented partnership with India, stressing on the revival of dormant bilateral mechanisms and high-level political exchanges to resolve issues such around boundary. During his visit, discussions covered trade, connectivity, energy, water resources, and people-to-people ties, with a focus on economic growth and innovation.

CBSE said it successfully blocked a 3.8 million-packet denial-of-service (DoS) cyberattack targeting its verification and re-evaluation portal while maintaining uninterrupted services for students. Despite the attempted disruption, the portal processed over 56,000 applications for answer-book verification and re-evaluation. The Board said technical teams are enhancing performance and security. Partner banks, including SBI, Bank of Baroda, Indian Bank and Canara Bank, processed thousands of payment transactions as CBSE’s digital systems continue to face public scrutiny.

MRP violations, sales beyond designated hours & stalling closure in prohibited zones, Tasmac refuses to fall in line

Banks across numerous Indian states are closed today for Eid-ul-Adha, impacting branch services like cheque clearance and cash deposits. Customers are urged to verify local holiday schedules. While physical banking is halted, digital services including internet banking, mobile apps, and ATMs remain fully operational. Plan ahead for essential branch tasks and utilize online channels to avoid disruption.

CBSE has clarified that students do not need accounts in SBI, Canara Bank, Bank of Baroda or Indian Bank to make payments on its verification and re-evaluation portal. The clarification came after allegations by Delhi Leader of Opposition Atishi sparked confusion among students and parents. The board said payments can be made through UPI, net banking, credit cards and debit cards, adding that nearly 40,000 students had successfully completed their applications. The controversy also drew attention online, with Grok calling Atishi's claims "misleading" in response to a fact-check request on X