Page 15 - Npci

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

1 bn transactions a day on UPI quite possible in 3-5 years' time: NPCI CEO

"If we don't do anything, we will achieve this target in the next ten years. But we should aim to do it in the next 3 - 5 years' time," Asbe said

IndusInd Bank, NPCI join hands to offer cross-border payments through UPI

IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through UPI

IndusInd Bank, NPCI tie up to simplify cross-border remittances through UPI

Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.

NIPL, Western Union ink pact to boost instant int'l money transfer

This collaboration will enable customers in India to receive international money transfers in real-time into their bank accounts in the country, Western Union said

RBI announces proposal to push UPI payments through feature phones

USSD 2.0, which facilitates UPI for feature phones, accounts for only 0.003 per cent of total UPI volumes and value transactions

Banks want more time to meet card-on-file tokenisation norms

Tokenisation is the process of replacing the debit and credit card numbers with a set of characters or tokens

IPO mandates via UPI jump in November amid record fund mobilisation

A record Rs 36,000 crore was raised through IPOs in November-more than double the previous record made in November 2017

India reaching out to many nations to leverage stack it has built: NPCI CEO

Speaking at the InFinity Forum, Dilip Asbe said there has to be a local or domestic stack because every country has its own complexities and diversities