Page 3 - Npci

NPCI issues two circulars on API usage amid rising UPI disruptions

The NPCI has directed banks to implement changes in the response time of UPI APIs by June 16 this year. These guidelines, shared with banks and other stakeholders, aim to reduce UPI network outages

Make UPI robust to prevent disruptions, FM Nirmala Sitharaman tells NPCI

UPI, India's real-time payments system, faced a fourth glitch in more than two weeks on April 12

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

NPCI meets banks, UPI apps to discuss recent outages on the platform

Sources also said that NPCI informed banks that it will be sharing a detailed to-do list, outlining specific actions that need to be implemented to strengthen the UPI ecosystem

India planning to bring 300 million new users onto UPI payments platform

The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones

Transaction declined: UPI outages raise tough questions for NPCI, RBI

To be fair, NPCI has done phenomenal work over the past decade. It has revolutionised digital payments in the country with about 600 million average daily UPI transactions

UPI outages lasted 282 minutes across two incidents in 2022, 2025

The longest outage, lasting 187 minutes, was in January 2022

Now, NPCI can revise transaction limits on UPI based on evolving user needs

P2P transactions on UPI shall continue to be capped at Rs 1 lakh

The UPI of 2016 and today are completely different: NPCI MD & CEO Asbe

The primary focus remains on growing UPI, which has 10X growth potential. Currently, 400 to 450 million users use it monthly, it has the potential to grow to over 1 billion, said Dilip Asbe, MD, NPCI

NPCI expands AI use to enhance customer safety in digital transactions

The National Payments Corporation of India (NPCI) is leveraging Artificial Intelligence in a "big way" to enhance customer security in digital transactions, amid a surge in UPI usage. NPCI is conducting a pilot study in collaboration with public and private sector banks to integrate Artificial Intelligence (AI) and Machine Learning for strengthening customer safety, NPCI Chief Risk Officer Viswanath Krishnamurthy said here. Established in 2008 by the Reserve Bank of India and Indian Banks Association, NPCI oversees retail payment systems in the country. Providing some statistics, Krishnamurthy noted that in March alone Unified Payments Interface (UPI) transactions reached 18.30 billion, marking a 36 per cent year-on-year growth. The transaction value stood at around Rs 24 lakh crore, reflecting a 25 per cent increase in growth year-on-year. Over the past five years, UPI adoption has soared with a compound annual growth rate of 74 per cent, making it the largest retail payment syste

NPCI appoints industry veteran Rajola as executive director of growth

Rajola will be responsible for driving the adoption of NPCI's payment solutions

UPI outage hits transactions as year-end rush strains bank servers

A surge in UPI transactions and year-end bank closures led to a system outage, causing transaction failures, which the NPCI attributed to high volumes and financial year-end settlements at banks

UPI clocks new record in value and volume in March after dip in Feb

Digital payments system tops Rs 24 trn in value and 19 billion in volume for first time

NPCI attributes fin year-end processing load for UPI transaction failures

In March, the UPI network recorded more than 591 million average daily transactions

ATM interchange fee hike puts spotlight on micro-ATMs, financial inclusion

The gap of nearly Rs 4 could affect the business correspondent network, which derives nearly 40 per cent of its revenue from the micro-ATM network

UPI faces outage, NPCI reports intermittent technical issues with network

Third-party apps said that they raised the issue with NPCI after the initial outages were reported on their app

Payments body PCI urges PMO to levy MDR on UPI, RuPay debit cards

If the proposal is accepted, nearly 90 per cent of India's 60 million UPI-accepting merchants will remain unaffected, as they fall under the small enterprise category

UPI apps must get user consent for seeding or porting UPI numbers: NPCI

Latest guidelines emphasise the use mobile number revocation list (MNRL) and digital intelligence platform (DIP) by banks and PSPs

UPI services will be unavailable for some users from April 1; check here

The National Payments Corporation of India will remove IDs and users with inactive mobile numbers will be unable to use online payment applications like Google Pay, Paytm, PhonePe, etc

NPCI's international arm partners with Singapore firm to expand UPI

UPI services will be expanded to more than 12,000 merchants in Singapore