Page 4 - Npci

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

Soon, merchants may lose option to request 'collect' UPI payments

Authorities are now favouring 'push' transactions, where customers initiate payments by scanning QR codes or using other secure methods

Flipkart-backed super.money joins top five UPI apps club: NPCI data

The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month

16% of card spends happen on RuPay, half of it on credit via UPI: NPCI

RuPay is India's indigenous payment network run on NPCI's infrastructure

NPCI warns against call merging scam: How to remain protected

Always exercise caution when asked to merge calls, especially if the request comes from an unknown source

NPCI's new FASTag rules take effect from today: What should users do?

A FASTag that is hotlisted or on the exception list will have a maximum window of 70 minutes to resolve issues like low balance, KYC updates, or registration number mismatches

New UPI rule on automatic acceptance, rejection of chargebacks from Feb 15

Process will apply only to bulk transaction uploads and not to those done by individuals

NPCI chief advocates for stronger legal systems to deter cyber frauds

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

UPI volume scales new peak of 16.99 billion in January, shows NPCI data

The number of daily transactions for January stood at 14.33 million, up from 14.23 million in December, which translated into a daily transaction value of Rs 19,562 crore

NPCI International, UAE fintech partner to enable UPI for Indian travellers

The collaboration with fintech firm Magnati will enable QR-based UPI merchant payments through point-of-sale (POS) terminals across the UAE

NPCI clarifies misconceptions about Jumped Deposit scam, no fraud reported

NPCI clarified that simply opening a UPI or bank app does not approve transactions. Users must explicitly authorise payments by entering their UPI PIN for processing

NPCI lifts WhatsApp Pay's user cap: Know how to set up new account

The move is expected to have profound implications for WhatsApp Pay and the broader UPI market

Why are Paytm shares down 4% on NSE today? Check reason here

Paytm share: The fall in Paytm share came after the National Payments Corporation of India (NPCI) extended the deadline to implement transaction volume cap on Unified Payments Interface (UPI) apps

NPCI extends market cap deadline for UPI apps by two years to end of 2026

This extension provides significant relief to market leaders PhonePe and Google Pay, which dominate UPI transactions in India

As NPCI lifts limits, WhatsApp Pay can now extend UPI services to all users

National Payments Corporation of India (NPCI) has lifted the limit from onboarding UPI users for the third-party app provider WhatsApp Pay with immediate effect. With this development, WhatsApp Pay can now extend UPI services to its entire user base in India, NPCI said in a statement. Previously, NPCI had permitted WhatsApp Pay to expand its UPI user base in a phased manner, it added. There was a cap of 100 million users which has been lifted by NPCI. With this notification, it said, NPCI is removing the limit restrictions on user onboarding on WhatsApp Pay. WhatsApp Pay will continue to comply with all existing UPI guidelines and circulars applicable to existing Third-Party Application Providers (TPAPs), it said. NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association, is an umbrella organisation for operating retail payments and settlement systems in India (IBA). NPCI governs the Unified Payments Interface (UPI) framework in India.

B2B payments firm Infibeam Avenues to roll out RediffPay after NPCI nod

This is the first step in the company's foray into consumer facing businesses