Page 3 - National Payments Corporation Of India

UPI transaction rules 2024: New regulations applicable from January 1

UPI new rules: The RBI and NPCI have announced a number of changes to regulations for online payments via UPI. Here are the top 5 such changes

UPI scales new high in December; 2023 value up 59% at Rs 183 trn

Monthly FASTag and IMPS transactions increase too, but those at Aadhaar Enabled Payment System fall

NPCI kickstarts deployment of 'UPI Tap and Pay' facility for payment apps

The feature is currently live on Bharat Interface for Money or BHIM app along with Paytm where it is open for limited users, according to details on NPCI's website

Financial institutions told to strengthen fraud management system

The FIs consist of central banks, retail and commercial banks, internet banks, credit unions, savings and loan associations

RBI and NPCI look for offline methods to boost digital payment adoption

RBI has established a sandbox allowing startups to experiment with various central bank-backed digital currency (CBDC) use cases

NPCI explores methods to increase RuPay on UPI payment adoption by vendors

UPI payments via RuPay credit cards have experienced slower adoption due to confusion in transaction classification

Every 4th Indian uses cash for 25% of monthly household items: LocalCircles

Close to 56 per cent of the respondents polled in the survey added that around 5 to 25 per cent of their monthly household purchases

UPI growth flat in September, but over 10 billion payments processed

According to data from NPCI, this represented a 56 per cent rise in volume and a 41 per cent increase in value compared to September of the previous year. In September 2022

Cashfree Payments partners with NPCI to launch customer on-boarding feature

'AutoPay on QR' end the necessity to download an app or register on a website, says company

Coinbase to halt exchange services in India amid regulatory challenges

Global cryptocurrency exchange Coinbase advises Indian users to withdraw funds by September 25

No phones, cards needed, your car can pay for its fuel and Fastag directly

The service can be availed by linking the Unified Payments Interface (UPI) with the car's infotainment system, thus eliminating the need for a smartphone to make payments

RuPay cards cross 10,000 milestone in Bhutan, 265,994 ATMs accept the cards

RuPay cards crossed the 10,000 mark in Bhutan. BHNL RuPay debit cards are widely accepted in more than 265,994 ATMs and 7.9 million PoS terminals to withdraw cash, balance inquiries and make payment

India, Lanka look to link up via oil pipeline, land connectivity & UPI

UPI-based digital payments, too, will start in Sri Lanka in the next 2-3 months

UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions

Based on data from NPCI, compared to the same month last financial year, transaction volume rose by 59% and value by 45%

NPCI to Meesho: Indian firms in Time's 100 most influential companies 2023

Global companies that found mention in the list were Nvidia, SpaceX, OpenAI, Crocs, Taco Bell, BYD, LVMH, and Lockheed Martin

Hassle-free commute, RAPIDX to have UPI-enabled ticket vending machines

NCRTC, the nodal agency overseeing the RAPIDX project, aims to make the entire 82-km Delhi-Ghaziabad-Meerut corridor operational by 2025

70% of MSMEs believe more than 50% of customers will pay using UPI

A report by NeoGrowth looks at the data from around 3,000 retail customers and 1,000 retail sellers across the country

UPI transactions will be free until govt reviews, says NPCI MD & CEO

The NPCI quickly clarified that the circular was only pertaining to PPI-based merchant transactions on UPI and the basic UPI transactions remain completely free

Account-to-account transfers on UPI fully free for customers, vendors: NPCI

Paytm set to gain from interchange fee for merchant payment via wallets on UPI platform

Merchant payment via wallets on UPI to attract 1.1% interchange from Apr 1

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets