The growth in UPI-based transactions is driven majorly by the government-promoted BHIM app and non-bank payment apps such as PhonePe and Tr...

With announcements anchored around two radical domestic policy actions - GST and demonetisation - becoming the focal point of Budget 2017, ...

The partnerships have helped the bank improve in parameters such as customer acquisition by 8-10%, Pai said.

Since UPI allows direct transfer of funds within bank accounts, it is seen scoring over mobile wallets.

UPI is a payments platform that was recently launched by the Reserve Bank of India backed National Payments Corporation of India.