Page 19 - Npci

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

National Payments Corp to take UPI, Rupay global through new subsidiary

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'

UPI transactions hit all-time high of 1.49 billion in July: NPCI data

During the April-July period of 2020-21, the cumulative transactions on UPI reached 6.31 billion. The value transacted stood at Rs 6.31 trillion

NPCI denies security flaws, says customer data completely secured

NPCI said in its statement that in order to thwart cyber-attacks, it has implemented technologies such as perimeter security controls, including various kinds of firewalls, routing controls and others

Lockdown impact: Digital transactions nosedive in April, shows NPCI data

The value of IMPS (Immediate Payment Service) transactions in April fell to about Rs 1.21 trillion in April, from about Rs 2.02 trillion in March

Banks association asks NPCI to scrap MDR on UPI, RuPay card transactions

Finance Minister Nirmala Sitharaman had said in the last Budget that no charge would be levied on UPI and Rupay transactions

NPCI enhances UPI 2.0, allows customers to make recurring payments

NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology

WhatsApp Pay clearance: RBI raises data localisation concerns with NPCI

Says won't allow the services until it meets data norms

UPI system payments glitch: Sebi knocks on RBI-regulated NPCI's door

Several investors were irked for failing to get allotment in the hugely successful IRCTC issue

Creating a unified pension platform

Recent plans announced by the government and the regulator are important steps towards empowering subscribers

WhatsApp reaching compliance, payments service may start in 2 months: NPCI

WhatsApp has been running a beta version of its payments service since last year in the country, and its official launch is being keenly watched by stakeholders

UPI bucks slowdown, records highest ever volume in September at 955 mn

Total value of transactions surpasses Rs 1.6 trillion, or 4.5% higher than that achieved in August

With UPI & IMPS services, NPCI leads retail payments space growth in FY19

The RBI, in January, put out a policy paper that pondered the need for more retail payment system operators since NPCI is the sole umbrella organisation for most retail payments currently

NPCI asks banks to reject UPI transactions from non-compliant apps

Circular makes it mandatory for all UPI apps to support transmission of money through VPA, generate QR codes for Bharat QR or UPI QR

NPCI names Dilip Asbe as interim CEO, AP Hota retires

National Payments Corporation of India (NPCI) said it has named its chief operating officer Dilip Abse as the CEO-in-charge by the board till a new incumbent assumes charge.His appointment follows the retirement of MD and CEO AP Hota following his retirement on 10th August. Hota had headed NPCI since its inception in 2010, said a statement from the organisation.Hota spent most of his career in designing payment systems in India introducing MICR, RTGS and NEFT among others. He led the Payments and Settlements Systems department of Reserve Bank of India (RBI) prior to joining NPCI. Recently, NPCI was in the news for hitting 1 billion transactions in July. Asbe has also been a part of NPCI since 2010. Together, Hota and Asbe, implemented payment processing platforms like Unified Payment Processing Interface (UPI), Bharat Interface for Money (BHIM), RuPay card network and Aadhar enabled Payment System (AePS) among others. Asbe has worked in the digital payments sector since the beginning .

NPCI hits 1 billion transaction mark in July

The transactions pertain to all types of payments handled by NPCI from cheque and ATM

NPCI gets RBI go-ahead for Bharat Bill Payment Central Unit

National Payments Corporation of India has received final authorization from Reserve Bank of India to function as the Bharat Bill Payment Central Unit (BBPCU) and Bharat Bill Payment System (BBPS).It is a one-stop payment platform for all bills providing an interoperable and accessible "Anytime Anywhere" bill payment service to all customers across India with certainty, reliability and safety of transactions."Nearly 45 crore bills which comprises of Electricity, Telecom, DTH, Water and Gas are permitted under BBPS. This initiative will provide a major push to digital payments as it is a big step forward in formalising the bill payment system in the country," said A P Hota, MD & CEO, NPCI.The approval process consisted of almost a year long cycle of streamlining business and technology processes till RBI was satisfied with the performance of eight participating BBPS units.Twenty Four units have received clearance to operate as the Bharat Bill Payments Operating Unit (BBPOU) spread

NPCI expects all banks to switch to digital payments by Mar 2018

Govt of India has set a target of 25 billion digital transactions in this financial year

NPCI commences project to digitise MFI transactions

Currently, there are 268 MFIs catering to over 40 million low income customers

NPCI waives switching fee for RuPay card transactions

This waiver has been made with effect from November 11 till December 31