Mon, Aug 07, 2023
As many as 3,085 recognised startups are engaged in the finance technology (fintech) sector till April 2023, the Parliament was informed on Monday.
Tue, Dec 06, 2022
While there was a 25 per cent increase in the demand for micro-ATMs and mPOS instruments, the EMI collections for financial institutions and NBFCs saw a steep growth of over 200 per cent.
Tue, Nov 01, 2022
While the Aadhaar card-enabled AePS, which facilitates easy, quick and safe banking transactions, increased to 11.77 crore in October compared to 10.27 crore in previous month.
Tue, Oct 04, 2022
It is expected that payment through UPI would create another record both in terms of transaction and value in the festival month of October and November.
Thu, Sep 29, 2022
This year's list also features new entrants, including e-grocery company Zepto (at the fourth place), full-stack car buying platform Spinny (7th), and insurtech startup Ditto Insurance (12th).
Fri, Jul 22, 2022
NPCI Managing Director and Chief Executive Officer Dilip Asbe said right now, the overall universe of people using services like the Unified Payments Interface (UPI) is 250 million or about a fifth of the population.
Wed, Jul 13, 2022
UPI Payment Reward Scam: UPI payment apps have transformed the way we pay money for services or transfer money online. We often get reward points or coupons for UPI payments. But in the world of cybercrime, such rewards can pose a threat and even can rob you. Zee Business Ekta Suri's report.
Fri, Jun 17, 2022
The Reserve Bank of India has increased the limit of e-mandates for transactions up to Rs 15,000. The RBI raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions, as per the official release said.
Thu, Feb 17, 2022
The international arm of NPCI on Thursday announced to deploy UPI in Nepal to bolster interoperable real-time P2P, P2M and potential cross-border P2P remittances between Nepal and India.
Tue, Nov 26, 2019
Unified Payments Interface or UPI was introduced with the aim of merging several banking features into a single mobile application providing seamless fund routing and merchant payments. However, even this mode of transaction has been targeted by fraudsters to steal customers' money with several such cases emerging in recent months.
Tue, Nov 19, 2019
UPI payments will see greater adoption among users if operations are also launched in countries with a sizeable population of Indians, such as UAE and Singapore, believes Trishneet Arora – Founder & Chief Executive Officer, TAC Security.
Wed, May 22, 2019
One of the charms for using digital payment apps is that they are hassle free.
Fri, Dec 28, 2018
Earlier this month, a strange incident was reported from Uttar Pradesh's Noida where a UPI user reportedly lost Rs 6.8 lakh from his State Bank of India (SBI) savings account.
Fri, Aug 17, 2018
Until now UPI could be linked only to savings bank accounts. In the new version, it can be linked to current accounts as well. The other features offer benefits to both individual customers as well as merchants in terms of enhanced security.
Tue, Mar 21, 2017
He explained that since BHIM was launched, there have been 19.16 million downloads of which 5.1 million customers have linked it with their bank accounts.
Fri, Dec 16, 2016
As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.
Thu, Dec 15, 2016
The application serves as a single mode to make payments through multiple bank accounts.
Thu, Nov 24, 2016
Finance Minister said there are 14 lakh POS machines which are there at retail level and this figure has to be expanded manifold.
Thu, Aug 25, 2016
The banks with 1,000 pilot customers, 5,000 transactions and a success rate of around 80% will be permitted to go live.
Sat, Jul 09, 2016
The instruments are expected to grow the consumer and SME loan market from $600 billion to $3,020 in the next 10 years.
Sun, May 08, 2016
"If the UPI adoption continues mobile wallets like SBI's Buddy, ICICI Bank's Pockets, HDFC Bank's Chillr and Paytm will be redundant," said the report.
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