India's Unified Payments Interface (UPI) regulation and national rollout (2016–2021)

1. UPI is introduced by NPCI

   Apr 11, 2016Labels: NPCI, Unified Payments

   • UPI Wiki

2. BHIM app launches as a national UPI client

   Dec 30, 2016Labels: BHIM, Government of

   • BHIM site
   • BHIM Wiki

3. Government starts BHIM referral incentives

   Apr 14, 2017Labels: BHIM, Government incentives

   • NPCI newsletter
   • NPCI newsletter

4. RBI issues payment data localization requirement

   Apr 6, 2018Labels: RBI, Payment data

   • Business Std
   • Medianama

5. UPI 2.0 launches with new security features

   Aug 16, 2018Labels: UPI 2, NPCI

   • Moneycontrol
   • FinExpress

6. RBI data localization compliance deadline passes

   Oct 15, 2018Labels: RBI, Payment data

   • Business Std

7. UPI reaches one billion transactions in a month

   Oct 1, 2019Labels: UPI, NPCI

   • Business Std

8. RBI ties WhatsApp Pay rollout to data compliance

   Nov 1, 2019Labels: RBI, WhatsApp Pay

   • Business Std

9. Government notifies UPI/RuPay as prescribed digital modes

   Dec 30, 2019Labels: Government of, UPI

   • IT Dept
   • ClearTax

10. Zero-charge rule for UPI and RuPay takes effect

    Jan 1, 2020Labels: Rule 119AA, Payment and

    • ClearTax
    • IT Dept

11. RBI issues payment aggregator guidelines

    Mar 17, 2020Labels: RBI, Payment aggregators

    • AZB note

12. NPCI launches UPI AutoPay for recurring payments

    Jul 22, 2020Labels: NPCI, UPI AutoPay

    • NPCI PR
    • ET

13. Incentive scheme becomes effective for FY 2021–22

    Apr 1, 2021Labels: Incentive scheme, Government of

    • IndBiz

14. Cabinet approves incentives for low-value BHIM-UPI payments

    Nov 15, 2021Labels: Union Cabinet, Incentive scheme

    • IndBiz