Unified Payments Interface

India To Launch Unified Lending Interface For Rural And Small Businesses

26 Aug 2024

India is gearing up to introduce a new platform aimed at transforming the lending landscape for rural and small business borrowers. The Unified Lending Interface (ULI) will address the significant unmet credit demand across various sectors, particularly in agriculture and small enterprises, according to Reserve Bank of India (RBI) Governor...

PhonePe Unveils ‘Credit Line on UPI’, Boosting Payment Flexibility

22 Aug 2024

PhonePe has introduced a new feature called 'Credit Line on UPI,' designed to enhance the convenience of transactions for its users. This feature allows consumers to connect their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and further expanding the...

UPI formally launched at Eiffel Tower in France

03 Feb 2024

India officially launched the Unified Payments Interface (UPI) at the iconic Eiffel Tower in France on Friday, a significant move toward realizing Prime Minister Narendra Modi's vision of taking UPI global. The launch occurred at the Republic Day reception in Paris, attended by French President Emmanuel Macron, the chief guest...