Page 5 - National Payments Corporation Of India

Our job is to take RuPay to everyone, says NPCI COO Praveena Rai

Praveena Rai, chief operating officer, National Payments Corporation of India speaks to Subrata Panda about the journey of RuPay and the aim of the umbrella organisation for operating retail payments

What are on-device wallet for small UPI transactions?

Following the RBI's guidelines, India's payments processor has designed an on-device wallet for Unified Payments Interface transactions up to Rs 200. What is it? How can it make our life easier?

NPCI eases cap on WhatsApp payments service to expand to 100 mn users

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

WhatsApp wins nod to expand Indian payments service to 100 mn users: Report

WhatsApp has over the years told NPCI that there should be no cap on users of its payments service in India, its biggest market

A brave new world for the rupee

RuPay aims to empower every Indian with a world class payment solution

Nepal to become first country to deploy India's UPI platform

Also, it will enable real-time cross-border P2P remittances between Nepal and India. Nepal becomes the first country outside India to adopt UPI

UPI records 3.65 bn transactions worth Rs 6.54 trillion in September

On a month-on-month (MoM) basis, UPI's volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent

India and Singapore sign pact for instant flow of retail payments

RBI, MAS ink pact to link UPI and PayNow; may operationalise by July 2022

At 3.5 billion transactions in August, UPI clocks 120% surge in volume

In value terms, UPI saw transactions worth Rs 6.39 trillion in August, which is again a record high

Fewer defaults on EMI payments by consumers in March, shows NACH data

According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February

Six consortiums in the fray to bag NUE licence for retail payments

Last month, RBI extended the deadline to apply for licence at the behest of IBA

Payments Corporation comes out with SOP to monitor volume cap for TPAPs

The NPCI will monitor the volume cap of the TPAPs and sound an alert to them once it reaches the thresholds that it has decided

Facebook, Amazon, Google vie for piece of India's digital payment markets

The contest is fierce as regulator Reserve Bank of India is expected to give just one or two licenses, as implied in its notification inviting bids

HDFC Bank, Kotak Mahindra Bank to pick up 9.99% stake each in Ferbine

Tata group floats a company for retail payment systems biz

Both kinds of currencies will evolve

Cryptos will develop frameworks for increased privacy, and checks could generate reduced intrusions into uses of conventional money

No fee will be charged for sending money via WhatsApp: Mark Zuckerberg

No fee will be charged when sending money via WhatsApp, said Facebook CEO Zuckerberg following the nod by National Payments Corporation of India for WhatsApp to go live on UPI in the multi-bank model

UPI volumes at new high; digital transactions almost at pre-Covid levels

In August, UPI volumes touched 1.61 billion transactions worth Rs 2.98 trillion, compared to 1.49 billion transactions in July worth Rs 2.9 trillion

New umbrella entity for retail payments can be 'for-profit': RBI

The banking regulator is inviting applications form interested parties for forming the umbrella entity till February 26, 2021

No data breach of customers' financial details with BHIM app, says NPCI

Reacting to the allegations of security chinks at a partner's end, the NPCI said an independent verification of the news was undertaken and no data breach was found

Payments problem

Removal of MDR will affect innovation in fintech