National Payments Corporation of India: News
21 Apr 2024
Unified Payments Interface (UPI)NPCI to outline methods for enforcing 30% UPI market limit
The National Payments Corporation of India (NPCI) has set a 30% cap on Unified Payments Interface (UPI) market share, leaving the industry in anticipation.
17 Apr 2024
PhonePeNPCI plans to counter PhonePe, Google's dominance in UPI payments
India's National Payments Corporation (NPCI), the regulatory body for the Unified Payments Interface (UPI) mobile payment system, is planning strategic discussions with various fintech startups.
09 Apr 2024
PaytmPaytm Payments Bank's CEO steps down amid company restructuring
Surinder Chawla, the CEO of Paytm Payments Bank, has announced his resignation effective June 26.
03 Apr 2024
Unified Payments Interface (UPI)RuPay credit card users can request EMIs via UPI app
The National Payments Corporation of India (NPCI) has announced new updates for the RuPay credit card on the Unified Payments Interface (UPI) platform.
01 Apr 2024
PhonePePhonePe users can now pay using UPI in UAE
PhonePe, a prominent digital payment platform, has extended its services to the United Arab Emirates (UAE).
14 Mar 2024
HDFC BankPaytm secures NPCI approval to operate as third-party UPI app
The National Payments Corporation of India (NPCI) has given the green light to One97 Communications Limited, the parent company of Paytm, to function as a Third-Party Application Provider (TPAP) for Unified Payments Interface (UPI) services.
30 Dec 2023
Unified Payments Interface (UPI)Inactive UPI accounts to be deactivated from January 1
Starting January 1, UPI accounts that haven't been used for a year or more will be deactivated, according to a circular from the National Payments Corporation of India (NPCI).
30 Dec 2023
Unified Payments Interface (UPI)'UPI for secondary market' launches on Monday: What it is
The National Payments Corporation of India (NPCI) will launch 'UPI for secondary market' beginning with a beta phase for the equity cash segment on January 1, 2024.
20 Dec 2023
Indian GovernmentIndia's digital transformation in 2023: Advancements in infrastructure and initiatives
The year 2023 marked a digital revolution for India. The Indian government introduced several initiatives under 'Digital India,' to transform the nation's digital landscape.
15 Nov 2023
IndiaWhy UCO Bank customers are unable to make IMPS transactions
Between November 10 and 13, 2023, government-owned UCO Bank experienced a technical issue affecting some Immediate Payment Service (IMPS) transactions, an exchange filing has revealed.
01 Nov 2023
Unified Payments Interface (UPI)UPI transaction volume crosses 1,100 crore mark in October
Unified Payments Interface (UPI) has achieved a new milestone by surpassing 1,140 crore transactions in October, with the total transaction value exceeding Rs. 17.6 lakh crore.
01 Oct 2023
Unified Payments Interface (UPI)How to set up UPI Lite X for offline transactions
The National Payments Corporation of India (NPCI) has recently launched UPI Lite X, an improved version of UPI Lite, which enables users to carry out offline transactions and supports "Tap and Pay" using NFC technology.
14 Sep 2023
Unified Payments Interface (UPI)UPI transactions may increase 50% year-on-year going ahead: NCPI
Unified Payment Interface (UPI) transactions are anticipated to grow over 50% year-on-year (YoY), according to Praveena Rai, Chief Operating Officer of National Payments Corporation of India (NPCI).
06 Sep 2023
Unified Payments Interface (UPI)How India's first UPI ATM differs from regular ATMs
In a significant milestone for India's rapidly evolving digital payment landscape, Hitachi Payment Services, in collaboration with the National Payments Corporation of India (NPCI), has unveiled the country's first UPI ATM.
07 Aug 2023
Unified Payments Interface (UPI)UPI innovation rolled out to make online transactions faster
A new UPI plugin innovation has PhonePe/Google Pay on edge.
19 Jul 2023
Unified Payments Interface (UPI)'1 billion daily transactions': Future of UPI in India
India's Unified Payments Interface (UPI) has been making global inroads. The indigenous payment system recently arrived in France, making a huge step on the international stage.
17 Jul 2023
Unified Payments Interface (UPI)After France and UAE, Indonesia plans UPI deal with India
India's flagship instant payment system, Unified Payments Interface (UPI), will likely be used in Indonesia as the two countries are looking for a deal for bilateral trade in domestic currency, real-time card recognition, and digital payments, The Times of India reported.
14 Jul 2023
Narendra ModiIndia's UPI to be used in France: PM Modi
India's flagship instant payment system, Unified Payments Interface (UPI), will now be used in France, Prime Minister Narendra Modi said while addressing the Indian diaspora in France on Thursday.
07 Jun 2023
Google Pay (Gpay)Google Pay now allows Aadhaar-based verification for UPI activation
Google Pay has joined hands with the National Payments Corporation of India (NPCI), to permit registration for UPI using Aadhaar-based authentication.
30 May 2023
Unified Payments Interface (UPI)How Razorpay's 'Turbo UPI' differs from standard UPI payment solutions
Razorpay has introduced 'Turbo UPI,' in collaboration with the National Payments Corporation of India (NPCI) and Axis Bank.
15 May 2023
RuPayRuPay introduces CVV-less card payments: How it works
Checking the CVV (card verification value) before making any payment is one of the hassles associated with credit or debit cards. India's homegrown card network Rupay has a solution for this: CVV-less payments.
03 May 2023
PhonePePhonePe launches UPI Lite for smaller transactions: How to use
Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.
03 May 2023
Airtel Payments BankAirtel Payments Bank rolls out facial authentication for Aadhaar-enabled payments
Airtel Payments Bank has joined hands with the National Payments Corporation of India (NPCI) to introduce facial verification for Aadhaar-enabled Payment System (AePS) in the country.
09 Apr 2023
AadhaarAadhaar Enabled Payment System: Features and how to use explained
Aadhaar Enabled Payment System (AePS) is a type of digital payment method based on the Unique Identification Number (UIN).
07 Apr 2023
Reserve Bank Of India (RBI)RBI shelves NUE, the UPI rival project: Here's why
The Reserve Bank of India (RBI) has shelved its project to create an alternative for the Unified Payment Interface (UPI).
06 Apr 2023
Reserve Bank Of India (RBI)Your UPI account will soon work like a credit card
The Reserve Bank of India's (RBI) bi-monthly Monetary Policy Committee (MPC) meeting was packed with surprises this time.
29 Mar 2023
Unified Payments Interface (UPI)Interchange fee on UPI: How this will affect you
A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.
28 Mar 2023
PaytmPaytm Wallet now acceptable on all UPI QRs, online merchants
The National Payments Corporation of India (NPCI) announced wallet interoperability guidelines on Friday (March 24), paving the way for significantly improving the importance of wallets.
22 Feb 2023
Aadhaar CardCan someone access your bank account using your Aadhaar number
An Aadhaar card is a vital document that is needed for verification purposes, during activities such as opening bank accounts and withdrawing money from the Employee's Provident Fund (EPF).
15 Feb 2023
PaytmPaytm Payments Bank introduces UPI LITE: How to use it
In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.
05 Oct 2022
RuPayNo charge for RuPay credit cardholders on low-value UPI transactions
National Payments Corporation of India (NPCI) has a piece of good news for customers and merchants. No charge will be levied on UPI transactions of up to Rs. 2,000 when using a RuPay credit card.
08 Jun 2022
Unified Payments Interface (UPI)RBI allows linking of credit cards with UPI: Details here
UPI or Unified Payment Interface transactions have made life simpler for Indians. It is about to get even simpler, as the Reserve Bank of India (RBI) has allowed linking credit cards to UPI network.
24 Oct 2021
FlipkartYou may pay extra for mobile recharges on PhonePe
The next time you recharge your mobile phone using PhonePe, you might be charged an additional fee.
25 Sep 2021
WhatsAppWhatsApp Pay spotted beta testing cashback feature in India
Reputed WhatsApp feature tracking website WABetaInfo has reportedly spotted an in-development feature that would incentivize WhatsApp Pay users with benefits in the form of cashback in India.
02 Aug 2021
Narendra Modi#NewsBytesExplainer: What's the e-RUPI system and how does it work?
Accelerating the transition to a digital financial ecosystem in the country, Prime Minister Narendra Modi launched the e-RUPI digital payment system today.
16 Mar 2021
WhatsAppPhonePe emerges as India's leading UPI app
Walmart-owned UPI app PhonePe processed 975.53 million transactions amounting to Rs. 1,89,517 crore in February alone. This makes it the country's most popular UPI app, with Google Pay coming in at second place, and Paytm a distant third.
02 Dec 2020
Coronavirus2.2 billion UPI transactions recorded in November
In what serves as another proof that Indians are going the cashless way, UPI transactions in November grew by 6.7% compared to October.
06 Nov 2020
iOSWhatsApp's payments service is finally here: How to use it
WhatsApp has launched its payments service in India after receiving a nod from the National Payments Corporation of India (NPCI).
02 Nov 2020
IndiaNew record: UPI records over 2 billion transactions in October
Cashless transaction is getting increasingly popular among Indians as in October, a record two billion plus transactions were recorded through the Unified Payments Interface (UPI) method, data released by the National Payments Corporation of India (NPCI) confirmed on Sunday.
28 Oct 2020
MeitYGovernment has no information on who created Aarogya Setu
The Central Information Commission (CIC) on Tuesday issued a show-cause notice to the Centre over providing evasive answers to a Right to Information (RTI) query.
19 Aug 2020
Reliance IndustriesNow, JioPhone users can make UPI payments: Here's how
In the wake of the novel coronavirus pandemic, millions of Indians, including small business owners, have started transacting digitally.
04 Aug 2020
WhatsAppWhatsApp finally meets requirements to roll out payments in India
WhatsApp may finally get the go-ahead to launch payments in India.
01 Jun 2020
Security#LeakAlert: Data of 7 million+ BHIM users exposed
Personal and financial data of more than 7 million users of BHIM, a government-backed peer-to-peer UPI payments app, has been leaked publicly.
29 Apr 2020
WhatsAppWhatsApp might soon start offering loans in India: Details here
Since 2018, WhatsApp has been working on a peer-to-peer transfer facility for India - its biggest market.
03 Jan 2020
Bill GatesCreate an app for Bill Gates, win Rs. 36 lakh
If you are looking to use your technical expertise to make quick money then Bill & Melinda Gates Foundation has something that might fit the bill.
27 Oct 2018
India#FinancialBytes: All about India's very own desi RuPay card
The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.
21 Aug 2018
India#FinancialBytes: All about India's very own desi RuPay card
The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.
14 Aug 2018
Hong KongPune: Cosmos Bank's server hacked; over Rs. 94cr siphoned off
Hackers managed to transfer over Rs. 94 crore through a malware attack on the server of Pune-based Cosmos Bank and cloning thousands of the bank's debit cards.
23 Jul 2018
Unified Payments Interface (UPI)From August 1, NPCI bans UPI payments within same account
In a bid to curb fake and artificial payments made to receive cashbacks, the National Payments Corporation of India (NPCI) has decided to ban all payments within the same account from its Unified Payments Interface (UPI) platform.
29 Jun 2018
India#FinancialBytes: All about India's very own desi RuPay card
The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.
02 Jun 2018
India#FinancialBytes: 6 smartphone apps necessary to live a cashless life
The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.
01 Jun 2018
AndroidBHIM app for Android, iOS now supports utility bill payments
Months after announcing a cashback scheme, the government promoted Bharat Interface for Money (BHIM) app has now added support for utility bill payments within its portal.
31 May 2018
Narendra ModiPM Modi launches three Indian digital payments apps in Singapore
Prime Minister Narendra Modi today launched three Indian mobile payments apps, BHIM, RuPay, and SBI, in Singapore at "Business, Innovation and Community Event" aimed at internationalization of the country's digital payments platform.
31 May 2018
Pakistan NewsPakistan: Musharraf's NIC, passport blocked; barred from travelling abroad
The Pakistan Government directed the National Data Base and Registration Authority (NADRA) and Immigration and Passport Directorate to block the national identity card (NIC) and passport of former dictator General (retd) Pervez Musharraf.
13 May 2018
India#FinancialBytes: 6 smartphone apps necessary to live a cashless life
The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.
10 Apr 2018
FacebookWhatsApp might share your payment data with Facebook
WhatsApp recently beta-launched its UPI-based digital payments feature WhatsApp Pay that allows users to send and receive money through the chat app.
30 Mar 2018
IndiaE-way bill mandatory for inter-state movement of goods from Sunday
The electronic way (e-way) bill under the GST is going to be implemented on April 1 for the interstate transport of goods worth over Rs. 50,000 in India.
21 Feb 2018
FlipkartHow Flipkart-owned PhonePe aims to reinvent UPI
Propelled by demonetization, cashless transactions saw a rise with Unified Payment Interface (UPI) trying to usher users towards a cashless economy.
15 Feb 2018
IndiaI am an entrepreneur, I should not be taken seriously
That entrepreneurs are dreamy is an understatement. People outside the 'chaar dewari' find this job glamorous, people inside it find it lonely.
05 Dec 2017
Indian RailwaysBooking train tickets through BHIM/UPI: All about the new system!
The Railways now allows passengers to book train tickets from counters and pay via UPI/BHIM. The facility was already available on online booking on the IRCTC website from before.
30 Nov 2017
Bharti AirtelAirtel 'misused' Aadhaar access to open bank accounts without consent
Airtel is reportedly abusing its access to customers' Aadhaar number by opening accounts in Airtel Payments Bank without their permission.
20 Nov 2017
IndiaNEFT, RTGS, IMPS: Here's how to choose the best option
Do you use netbanking regularly, but have no idea what NEFT, RTGS or IMPS are? Considering how complicated they look, it won't be a surprise.
06 Nov 2017
IndiaDigital transactions have shot up by 77 times since demonetization
PM Modi's demonetization drive may not have been as effective in tackling black money as it intended to, but it has served as a definitive catalyst in pushing India towards being a cashless economy.
12 Oct 2017
PaytmSoon, transfer money from Paytm to MobiKwik and other wallets!
The Reserve Bank of India (RBI) has issued guidelines regarding interoperability of prepaid payment instruments (PPIs). Once the move is implemented, they will be able to conduct transactions with each other.
18 Sep 2017
IndiaGoogle Tez UPI-based payments app: All you need to know
Google has finally launched its UPI-based payments app in India, called Tez. This standalone app can be used to pay bills, movie tickets and for other online transactions.
14 Sep 2017
IndiaGoogle to launch digital payment service in India next week?
If reports are to be believed, Google is launching a localized digital payment service in India as early as next week.
21 Aug 2017
IndiaBHIM cash back scheme extended for merchants till March
The cash back scheme, that offers merchants incentives of up to Rs. 1,000 when they accept payments via BHIM application, has been extended.
11 Jul 2017
IndiaUber, Amazon, Google: Big players taking to UPI
Uber and Amazon are planning to launch the unified payment interface (UPI) on their platforms soon.
20 Feb 2017
IndiaBharatQR code launched today for seamless payments
To enable seamless retail payments, the government today launched BharatQR code. The quick response (QR) code will enable digital payments without card swiping machines.
05 Feb 2017
RuPayBanks free to fix charges on cashless transactions
To encourage greater participation by banks in developing cashless economy, the Reserve Bank of India (RBI) has allowed them the freedom to fix service charges on cashless transactions.
15 Jan 2017
NITI Aayog45 people become lakhpatis under NPCI schemes
The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.
11 Jan 2017
IndiaThe story of the security team behind the BHIM app
The Bharat Interface for Money (BHIM) app was launched on 30th December, 2016 by the National Payments Corporation of India (NPCI).
29 Aug 2016
IndiaA data leak and an earthquake mar this week
A massive leak of the technical details of India's Scorpene submarines severely hurt India's national security after The Australian made the details public.
