Page 14 - Npci

Alternative to SWIFT: NPCI plans to take the UPI system to 32 million NRIs

Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank

UPI transactions remain above Rs 10 trillion in June, shows NPCI data

However, it was down by nearly 3 per cent from the previous month

Over 4.5-million IPO mandates created via UPI in May, shows data

In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows

UPI processed nearly 6 billion transactions worth Rs 10 trillion in May

NPCI sets its eyes on processing a billion UPI transactions a day on its platform within the next 3-5 years

RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

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

Coinbase halts UPI payments for crypto within three days of India launch

The company, however, declined to comment on the matter

States panel likely to bat for system tracking dealers' transactions

The panel may also suggest integrating the Goods and Services Tax Network with NPCI to curb frauds in tax refunds

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

NPCI asks banks to enable customer onboarding onto UPI through Aadhar, OTP

The need for authentication through Aadhar with OTP arose because the number of UPI users was getting restricted to the customers who had debit cards.

IPL 2022: RuPay to be official partner, says NPCI

Praveena Rai, Chief Operating Officer of NPCI, said it was delighted to partner with BCCI for IPL, one of the most celebrated sports leagues

Value of UPI transactions declined to Rs 8.27 trillion in Feb: NPCI data

There were a total of 452 crore (4.52 billion) transactions in February 2022

NPCI focuses on new customers as it aims to expand RuPay credit card base

NPCI is focusing on gaining new customers to expand the indigenous RuPay-enabled credit card base, as the retail payments umbrella body is still a new entrant in this space, a top official said.

Union Bank, NPCI launch credit card for MSME borrowers to meet biz expenses

Additionally, they will also be benefitted in the form of accidental insurance coverage of up to Rs 10 lakh, domestic airport lounge access of two times per quarter, and other rewards

IRCTC, NPCI, BoB arm launch co-branded credit card for railway customers

The Indian Railways' catering and ticketing arm along with NPCI and BOB Financial Solutions launched a co-branded credit card to tap the huge potential the market offers.

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

The international arm of the 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.

Auto-debit payment bounce rates in January lowest since August 2019

Bounce rate has been trending downwards since July 2021, as the second wave of the pandemic receded.

Economic Survey: UPI is single largest retail payment system in the country

UPI ended calendar 2021 with record high transactions by both volume and value. According to NPCI data, it recorded 4.56 billion transactions worth Rs 8.27 trillion in December

City Union Bank launches fitness watch debit card in tie-up with GOQii

Customers need to hold the wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN

UPI AutoPay e-mandates jump 32% to 6 million in December, shows data

The AutoPay platform of UPI is also being touted as the pillar for its next phase of growth