National Payments Corporation of India: News
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
#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.