National Payments Corporation of India: News

01 Oct 2024

Fastag

UPI records over 500 million daily transactions in September

The Unified Payments Interface (UPI) network, run by the National Payments Corporation of India (NPCI), has hit a major milestone.

19 Sep 2024

Fintech

NPCI may raise market share cap for UPI payment operators

The National Payments Corporation of India (NPCI), the regulatory body responsible for overseeing India's Unified Payments Interface (UPI) system, is reportedly considering a revision of its proposed market share cap for UPI operators.

16 Sep 2024

HDFC Bank

UPI transaction limit increased to ₹5L lakh for these categories

The National Payments Corporation of India (NPCI) has announced an increase in the transaction limit for certain Unified Payments Interface (UPI) payments, including tax payments.

New UPI feature lets you deposit cash directly at ATMs 

The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have jointly launched a new feature called UPI Interoperable Cash Deposit (UPI-ICD).

01 Sep 2024

RuPay

UPI transactions hit record high of 14.96 billion in August

The Unified Payments Interface (UPI) has set a new record with 14.96 billion transactions in August 2024, marking a significant year-on-year (YoY) growth of 41%, according to data from the National Payments Corporation of India (NPCI).

21 Aug 2024

Flipkart

Flipkart makes re-entry into payments app market with super.money

Flipkart has launched a new payments application called super.money, marking its re-entry into the fintech sector.

Beware! Fraudsters are spamming UPI IDs with multiple collect requests

A new type of fraud is on the rise, targeting users of the Unified Payments Interface (UPI).

Biometrics could soon make UPI payments unhackable

The National Payments Corporation of India (NPCI) is reportedly exploring the integration of biometric authentication into Unified Payments Interface (UPI) transactions.

UPI Circle lets you share UPI account: How it works

The National Payments Corporation of India (NPCI) has launched a new feature called 'UPI Circle-Delegate Payments' on its Unified Payments Interface (UPI) platform.

31 Jul 2024

X

NPCI suspends C-Edge's services after ransomware attack, 200 banks affected

The National Payments Corporation of India (NPCI) has temporarily suspended all retail payment services provided by C-Edge Technologies.

UPI records 14.04 billion transactions in May, sets new milestone

The Unified Payments Interface (UPI) processed a record 14.04 billion transactions in May.

04 May 2024

BHIM UPI

BHIM planning to dive into e-commerce sector via ONDC

The Bharat Interface for Money (BHIM), a government-supported payment application, is set to venture into the e-commerce sector.

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

PhonePe

NPCI 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

Paytm

Paytm Payments Bank's CEO steps down amid company restructuring

Surinder Chawla, the CEO of Paytm Payments Bank, has announced his resignation effective June 26.

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

PhonePe

PhonePe 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 Bank

Paytm 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.

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).

'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 Government

India'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

India

Why 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.

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.

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.

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).

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.

UPI innovation rolled out to make online transactions faster

A new UPI plugin innovation has PhonePe/Google Pay on edge.

'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.

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 Modi

India'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.

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

RuPay

RuPay 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

PhonePe

PhonePe 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 Bank

Airtel 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

Aadhaar

Aadhaar 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).

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).

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.

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

Paytm

Paytm 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 Card

Can 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

Paytm

Paytm 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

RuPay

No 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.

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

Flipkart

You 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

WhatsApp

WhatsApp 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.

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