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BIG BOOST to Digital India Program! UPI crosses 1bn transactions in October 2019
Fri, Nov 01, 2019
Big Boost to Digital India: The NPCI has informed that the transactions of UPI have crossed the landmark figure of 1 billion in the month of October 2019.
Boost for digital payments! NPCI rationalises merchant discount rate for RuPay Debit Card
Sat, Sep 14, 2019
According to the NPCI notification, MDR has been revised to 0.60% for transaction above Rs 2,000 with a maximum cap of Rs 150 per transaction.
Aadhaar enabled payment system transactions cross 200 million in July 2019, confirms NPCI
Mon, Aug 12, 2019
National Payments Corporation of India announced the transactions of Aadhaar enabled payment system (AePS) for the month of July 2019 have crossed the milestone number of 200 million.
Retail investors must use UPI option to be allowed to invest in IPOs
Mon, Jul 29, 2019
For the secure, simple and seamless process of investing in IPOs, the National Payments Corporation of India (NPCI) on July 29th said that it's mandatory for retail IPO investors to pay through UPI-based ASBA (Applications Supported by Blocked Amount) option.
ICC World Cup 2019: NPCI announces cashback offers for international RuPay debit cardholders
Mon, Jun 10, 2019
To enhance the World Cup fervour and make Team India fans' trip to England more exhilarating, the NPCI has announced various cashback offers for the cricket fans travelling to England.
NPCI mulls using blockchain solution to strengthen digital payments
Sun, Apr 14, 2019
"Blockchain stores information about transactions between users in a way that can be tracked by any user for forever for maximum transparency. This gives visibility which can lead to greater efficiency by automating or confirming transactions and increasing liquidity in the supply chain," said Innefu Labs Co-Founder Tarun Wig.
These RuPay cards give cash back of 5% to 10% on ATM, POS transactions, Rs 10 lakh accident insurance
Thu, Mar 07, 2019
The RuPay Global cards runs on the Discover Network when used outside India. The break globally has helped Indian homegrown card payment network RuPay to expand its footprint.
UIDAI asks banks not to discontinue Aadhaar payment system
Sat, Dec 01, 2018
The UIDAI on Friday asked banks not to discontinue the Aadhaar Enabled Payment System (AEPS) as it may create obstruction in the delivery of welfare benefits.
BHIM, Google Pay, Paytm users? Beware, you cannot do this anymore; big setback announced
Tue, Oct 30, 2018
Big setback for BHIM, Google Pay, Paytm and other users has just been announced. The National Payments Corporation of India (NPCI) maker of UPI introduced new checks and balances, believing that such movement will encourage genuine transactions on UPI.
NPCI plans to make it big in credit card segment
Wed, May 09, 2018
The RBI-backed national payments gateway,which pitches itself as an indigenous alternative to the foreign-owned Visa and MasterCard, has been acquired only 5 lakh customers through 12 bank alliances since the launch of the credit card last July.
Using NPCI platform; EPFO will transfer your PF money faster
Sat, Nov 25, 2017
The board took note of the 10 requests from ineligible establishments for waiver of damages during the period May 20, 2017 to September 30, 2017 which were earlier rejected by EPFO.
UPI transaction surged exponentially within year of demonetisation
Sun, Nov 05, 2017
Digital transactions through Unified Payments Interface (UPI) have surged exponentially 77 times within a year of the demonetisation drive.
Google Tez may have got 7.5 million users in 5 weeks, but many are still unhappy
Mon, Oct 30, 2017
Many of the comments by users have been negative as users often have complained against money being deducted from their account but not being delivery to the receiver.
UPI still way behind other digital payments despite growing tie-ups with mobile apps
Mon, Sep 18, 2017
Google finally launched Tez mobile payment app which is integrated with UPI. This comes a day after Airtel Payment Bank announced tie-up with UPI.
Google to launch TEZ mobile payment service in India on Monday
Sat, Sep 16, 2017
According to an official communication Finance Minister Arund Jaitley said that Google's payment service Tez will launch on Monday.
NPCI says UPI transactions rose 10% in July
Wed, Aug 02, 2017
Key Highlights: UPI transactions in July rose 10%, at 11.63 million In value terms, transactions stood at Rs 3,411 crore
Indian Overseas Bank goes live with Bharat Bill Payment system
Sat, Jul 29, 2017
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
NPCI gets RBI nod to function as Bharat Bill Payment Central Unit
Fri, Jul 28, 2017
Key Highlights NPCI was running bill payments as pilot for over a year Soon you can pay electricity, DTH, telecom bills using NPCI
Google readies its UPI payment system before Whatsapp
Mon, Jul 10, 2017
AP Hota, MD and CEO, National Payments Corporation of India (NPCI) said that Google has finished testing its UPI system and is currently waiting for the Reserve Bank of India (RBI) to give its nod for the services to begin.
Digital payments rose last year more than the past five years, Niti Aayog says
Mon, Jul 03, 2017
According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.