UPI Can Process a Billion Transactions a Day: RBI Governor

The Unified Payments Interface (UPI) has been a game-changer in the Indian payments landscape since its launch in 2016. According to the Reserve Bank of India (RBI) Governor, Shaktikanta Das, UPI can now process a billion transactions a day.

In this article, we will explore UPI’s journey, its current capabilities, and its future potential.

What is UPI?

UPI is a real-time payments system developed by the National Payments Corporation of India (NPCI). It allows users to transfer funds between bank accounts instantly using a virtual payment address (VPA) or mobile number. The UPI infrastructure is built on top of the Immediate Payment Service (IMPS) platform, which allows for fast and secure transactions.

UPI’s Journey

UPI was launched in 2016 with 21 participating banks, and it has grown significantly since then. In just four years, the number of banks on the UPI network has grown to over 200. According to NPCI, UPI processed over 2 billion transactions in February 2021 alone, with a total value of over INR 4 trillion.

UPI’s Current Capabilities

The recent announcement by the RBI Governor, Shaktikanta Das, that UPI can process a billion transactions a day is a significant milestone for the platform. UPI’s current transaction limit is INR 1 lakh per transaction, and users can make up to 20 transactions per day. The platform has also introduced several features such as UPI AutoPay, which allows users to set up recurring payments, and UPI Mandate, which enables users to pre-authorize transactions.

UPI’s Future Potential

UPI’s growth trajectory has been impressive, and it shows no signs of slowing down. NPCI has plans to expand UPI’s capabilities beyond payments to include services such as credit, insurance, and investments. The introduction of UPI 2.0 in 2018 introduced new features such as overdraft facilities and one-time mandates, and NPCI has already announced plans for UPI 3.0.


UPI has transformed the way Indians make digital payments, and it has become an integral part of the country’s payments infrastructure. The recent announcement by the RBI Governor that UPI can process a billion transactions a day is a testament to the platform’s scalability and potential. As UPI continues to grow, it will be exciting to see how it evolves and what new capabilities it brings to the table.

Effortlessly Accept Payments from Clients with UPILinks

As a business owner or freelancer, one of the most important aspects of your work is getting paid for your services. While traditional payment methods like checks and credit cards have been popular for years, there’s a new player in town that’s making it easier than ever to accept payments from clients: UPI apps like Bhim UPI, PhonePe, Google Pay, and more.

But how do you make the most of these apps and ensure that your payment process is as smooth as possible? That’s where UPILinks comes in.

UPILinks is a 24/7 government-approved direct payment method that allows you to accept payments from clients with ease, without any fees. Here are some of the key benefits of using UPILinks:

  1. Maximize Your Savings: With UPILinks, you can eliminate payment gateway taxes and save an estimated 2-3% on commissions each year. This means more money in your pocket and less spent on fees.
  2. Effortless Payment Sharing: UPILinks makes it simple to share your payment link on various platforms, including Instagram, Facebook, WhatsApp, SMS, websites, and more. This means that your clients can easily pay you without any hassle or confusion.
  3. Free UPI Payment Link: UPILinks offers a free UPI payment link that you can use to accept payments from clients. This link is easy to set up and can be customized to match your brand or personal style.

Overall, UPILinks is a powerful tool for any business owner or freelancer who wants to streamline their payment process and maximize their savings. So why wait? Upgrade your payment process today with UPILinks and start accepting payments from clients with ease.

Upilinks: The UPI Payment Link Generator App

With the rise of digital transactions, it is crucial to have an efficient and user-friendly platform for making payments. The Upilinks app, available on the Google Play Store, offers just that.

Upilinks is a unique UPI payment link generator app that enables you to create a UPI payment link and share it with others for seamless transactions. The app is easy to use and helps you simplify the payment process. All you need to do is link your UPI ID and create a payment link.

Some of the key features of Upilinks include:

  1. Easy link creation: You can create UPI payment links in a matter of seconds, without any hassle.
  2. User-friendly interface: The app has a simple and intuitive interface, making it easy for users to create and share links.
  3. Secure transactions: All transactions made through Upilinks are secure and encrypted, ensuring the safety of your personal and financial information.
  4. Multi-bank support: The app supports multiple banks and UPI IDs, so you can use it with any bank account linked to your UPI ID.
  5. Customizable links: You can create custom links and set your own payment amounts for each link, making it convenient for both you and the recipient.

In conclusion, Upilinks is a must-have app for anyone looking to simplify their payment process and make seamless transactions through UPI. Download the app now from the Google Play Store and experience hassle-free payments.

UPI Payment Link Generator UAE: The Future of Digital Transactions

Click here to generate your FREE UPI QR CODE

UPI, short for Unified Payments Interface, is a real-time payment system developed by the National Payments Corporation of India (NPCI). In recent years, the popularity of UPI has grown rapidly in India and has now made its way to the United Arab Emirates (UAE). The UPI Payment Link Generator UAE is a new and innovative tool that makes digital transactions easier and more convenient than ever before.

What is UPI Payment Link Generator UAE?

The UPI Payment Link Generator UAE is a unique tool that generates a unique UPI payment link for users in the UAE. The link can be used to receive payments from anyone with a UPI-enabled bank account. All the recipient has to do is click on the link, enter the amount they wish to pay, and complete the transaction using their UPI ID.

The UPI Payment Link Generator UAE offers several benefits over traditional payment methods. The link eliminates the need to share sensitive information such as bank account numbers and IFSC codes, making transactions safer and more secure. Furthermore, the link is easily sharable through various mediums such as email, social media, and instant messaging platforms, making it ideal for businesses and individuals who need to receive payments from multiple sources.

Features and Benefits of UPI Payment Link Generator UAE

The UPI Payment Link Generator UAE offers several features and benefits that make it an ideal choice for digital transactions. Some of these benefits include:

  • Convenience: Users can generate a UPI payment link from anywhere, at any time, using their mobile device or computer. There’s no need to visit a bank branch or ATM.
  • Speed: Transactions made using the UPI Payment Link Generator UAE are processed in real-time, making it faster than traditional payment methods.
  • Security: The UPI Payment Link Generator UAE uses two-factor authentication to ensure the security of transactions.
  • Flexibility: The UPI Payment Link Generator UAE can be used for a wide range of transactions, including P2P transfers, bill payments, and mobile recharges.
  • Integration with e-commerce platforms: The UPI Payment Link Generator UAE is integrated with various e-commerce platforms, making it easier for users to make online payments.

How to Use UPI Payment Link Generator UAE

Using the UPI Payment Link Generator UAE is simple and straightforward. Here’s how:

  1. Log in to your UPI-enabled bank account.
  2. Click on the “UPI Payment Link Generator” option.
  3. Enter the amount you wish to receive.
  4. Generate the UPI payment link.
  5. Share the link with the person who needs to make the payment.

The recipient can then complete the transaction by clicking on the link and entering the amount they wish to pay using their UPI ID.


The UPI Payment Link Generator UAE is a game-changer in the world of digital transactions. With its convenience, speed, security, and flexibility, it offers a seamless and hassle-free experience for both businesses and individuals. The integration with e-commerce platforms makes it ideal for online transactions, while the ease of use and real-time processing make it a top choice for those looking for a faster, more secure payment option.

UPI scam: MHA reports a sharp increase in incidences of online payment fraud.

Online payments are now incredibly rapid and simple thanks to the Unified Payment Interface (UPI). Nobody is shocked by UPI’s accomplishments. However, there has been a rise in the instances of fraud in UPI-based online transactions. The National Cyber Crime Reporting Portal (NCRP) has seen a large increase in cyber fraud reports as a result of UPI fraud, according to data from the Ministry of Home Affairs. Between the first and second quarters of 2022, reports of cyber fraud increased by 15.3%.

UPI Transactions Report Dec 2022

    Payments through the Unified Payments Interface (UPI) touched a record high of Rs 12.82 lakh crore in December.

    During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016.

    UPI has made major contribution in ushering digital payment revolution in the country. In December 2022, UPI has crossed 7.82 billion transactions worth ?12.82 trillion,” the Department of Financial Services said in a tweet on Monday.

    Payments through UPI had crossed the Rs 12 lakh crore mark in October this year.

    In November, as many as 730.9 crore transactions worth Rs 11.90 lakh crore had taken place via UPI.

    UPI is an instant real-time payment system which facilitates inter-bank peer-to-peer (P2P) transactions. The transaction is done through mobile in easy steps. Besides, there are no charges applicable for UPI transactions.

    The inexpensive medium for cashless transactions has been gaining traction month-on-month and 381 banks are live on it.

    UPI transactions have increased dramatically in both volume and value terms over the last year, Spice Money founder Dilip Modi said.

    “The main advantage of UPI is the convenience it brings with it. UPI allows money to be transferred between multiple accounts without needing separate profiles for each transaction, making it easy for the user to transact. Another reason is that UPI…is a simple, fast, and secure way of transaction. UPI has been a major tool in driving financial inclusion,” he said.

    The UPI ecosystem must be sustainable in order to grow: Google Pay

    Mumbai/ Bengaluru: Google Pay has been ramping up its India presence with the launch of new services to take on peers PhonePe and Paytm in the fast-growing digital payments market. Unified Payments Interface (UPI) transactions on Google Pay have grown by almost 22% in the past three months to gain nearly 34% of the market share, second only to arch rival PhonePe.

    In an interaction with Mint, Ambarish Kenghe, vice-president, product management, Google Pay, shares his views on the National Payments Corporation of India’s move to cap the market share of UPI apps to 30%, investments in payment infrastructure and new areas of growth. Edited excerpts:

    Google Pay has voiced its concerns over UPI market cap. What have you been relaying to NPCI? Also, what is your take on zero merchant discount rates (MDR)?

    On market cap, we have always stood for competition. And, it’s very early, so we want to make sure there is enough competition and that’s a good thing.

    On the question of sustainability, I definitely think that we need to make the (UPI) ecosystem sustainable. There are various ways, and I think it’s hard to say whether MDR is the right way of doing it or if there are other means.

    India has always innovated and leapfrogged. So, I do not know whether we will evolve with MDR, or in any other way. But we need to make it (UPI) more sustainable and find ways as we want to figure this out. (MDR is the percentage charged to merchants by payments firms for processing digital payments).

    Will you be bringing down your market share to meet NPCI norms?

    The way it (market cap) is designed, there is time before it applies. It is the Indian rules we play by. So, right now there is a plan being put in place, where we work with NCPI and others once the market cap kicks in. The piece we are concerned about is that once it (market cap) gets applied, users should not be impacted. That is Google Pay’s biggest concern. So, we are working with the ecosystem. (Last November, NPCI, which operates UPI, decided to impose a market cap, where payments firms can process a maximum of 30% of UPI transaction volumes in the preceding three months.)

    Differences between UPI and Digital Rupee

    1. In UPI, the banks act as a gateway or a channel for payments, but when it comes to the digital rupee, the payments are done from one wallet to another. Here, banks don’t get involved, but it’s otherwise in the UPI. 
    2. UPI payments are made via sources like Google Pay, PhonePe, NEFT, and RTGS, etc. In the digital rupee, the payments are done electronically.
    3. Settlements can be done immediately by using the digital rupee and they possess a store of value. But UPIs don’t do that as they are merely an infrastructure made to process the payments. 
    4. In UPIs, you can’t withdraw the funds and store them in your wallet for future use. However, that’s absolutely possible in the digital rupee, making it a one-stop solution for all sorts of payments, both online and offline.
    5. The UPI payment system works similarly to debit cards and credit cards, whereas, the digital rupee is like a “cash form” where one can withdraw and spend or can store it like a deposit in their wallet.
    6. Payments made via UPI involve middlemen, hence the indirect route of transferring money. In digital rupee, the payment is done directly, and there’s no middlemen involved here.

    Up to Rs 10,000 in UPI transactions will now be covered by insurance thanks to Paytm and HDFC ERGO.

    One97 Communications-owned Paytm has launched a group insurance plan in partnership with HDFC ERGO General Insurance. The plan, which is called Paytm Payment Protect, will insure transactions made through UPI across all payment wallets and apps. 
    Paytm users can insure transactions upto Rs 10,000 by paying Rs 30 and more per annum. In addition, insurance cover for transactions costing Rs 1 lakh or above will get added on in the times to come.
    The fintech company also highlighted that this plan will increase the trust of the users, enhance their digital payments experience and accelerate its adoption across the country. 
    According to Paytm’s Bhavesh Gupta, who is the CEO of Lending and Head of Payments, this move is meant to safeguard users and fight cybercrimes. Echoing Gupta’s point, Parthanil Ghosh, President at HDFC ERGO General Insurance’s retail business, said that while UPI and wallet payments provide ease and convenience, it makes the users susceptible to cybercrimes. 
    “We are excited to partner with Paytm as this asserts our pledge to provide innovative solutions to mitigate cyber risks in today’s digital era. Our comprehensive insurance offering, coupled with Paytm’s digital access, will boost digital growth and ensure financial inclusion along with protection from cyber frauds across the country,” he said.
    To avail this option, users can search for the ‘Payment Protect’ option on the Paytm app. Thereafter, they can enter their name, mobile number and tap on the ‘Proceed to Pay’ button. They can also visit the HDFC ERGO website for a detailed run-through of the policies, terms and conditions, and more.

    A few days back, Paytm announced Bijlee Days for all the users who pay their electricity bills from the app. The digital payments service provider said that it would be offering 100 per cent cash back and additional rewards to its users who will be making payments for electricity bills between the 10-15th of every month.

    How to use UPILinks in Bhutan 

     How to create UPI links

    1. Go to upilinks.in
    2. Enter your name
    3. Enter UPI or VPA

    You can find your UPI ID or VPA on your payment apps like GPay, Amazon Pay, Google Pay, Phone Pay, Paytm etc.

    You can refer to the following links to find out your VPA/UPI on popular apps.


    GPay Or Google Pay


    Amazon Pay

    1. Enter the amount of leave blank if you want the user to choose the amount.
    2. Choose link disposal date : If you want to terminate the payment link then select the date when it wants it to stop working. If you do not enable the disposal date then the link will be available forever. 

    Note: If you enter invalid UPI ID or VPA a dummy link will be generated and you will not be able to use it for payments.

    click here to Generate your UPI Payments links