This will enable over seven lakh customers of Tata Power (Mumbai) to pay their electricity bills through ClickPay payment link
Network aims to curb digital monopolies
The proposed rollout of UPI mobile payment solutions on Network International's merchant network in the UAE is expected to commence in the first quarter of 2022
NPCI International Payments Ltd has collaborated with fintech firm PPRO, a global provider of local payments infrastructure, to expand growth of India's digital payments ecosystem.
Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data
The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country
RBI, MAS ink pact to link UPI and PayNow; may operationalise by July 2022
In volume terms, 32.98% of transactions initiated declined, 26.82% in value terms
NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation
UPI saw its FY21 annual throughput value at Rs 41 trillion, almost 2.8x that of credit and debit card at Point of Sale combined, and almost 20x that of prepaid payment instruments.
The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI
Prior to joining NPCI, Chaturvedi was country head at PayU and chief-corporate business alliances at Airtel Payments Bank
The NUE will be a direct competitor to NPCI and develop the payments infrastructure for the country, similar to what NPCI has done
The idea behind SoftPoS is merchants can use their NFC-enabled smartphones as point of sale (PoS) machines to accept contactless payments
UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value
UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value
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
When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.
Introduced 9 yrs ago, the indigenous card payment network has cornered a sizeable market share, thanks to govt push
This will enable the users to check the status of the pending transactions, raise complaints against transactions that have not been processed or the money has not reached the beneficiary