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Unified Payments Interface (UPI) News
Unified Payments Interface (UPI)
What are different types of UPI frauds and how not to lose your money to fraudsters
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.
Launching UPI operations in countries with sizeable Indian population will drive greater adoption: Trishneet Arora, TAC Security
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.
Are you carrying out a money transaction digitally? Find out which is better - UPI vs IMPS
Wed, May 22, 2019
One of the charms for using digital payment apps is that they are hassle free.
UPI user in Noida loses Rs 6.8 lakh from SBI account: Why it happened and how to avoid such fraud
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.
UPI 2.0 launched: Massive benefits for bank customers available now
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.
No vulnerability of UPI or BHIM, assures NPCI
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.
Digital economy remains a 'no-show' as transactions fails to gain momentum
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.
IndusInd Bank launches "IndusPay" app to promote digital payments
Thu, Dec 15, 2016
The application serves as a single mode to make payments through multiple bank accounts.
FM Jaitley asks banks to promote digital banking in 'mission mode'
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.
Unified Payments Interface set to go live for customers with 21 banks: NPCI
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.
Banking in India to leapfrog with implementation of Unified Payment Interface
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.
RBI's push for unified payments system to make mobile wallets redundant: Report
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.