Page 5 - Npci

Bharat Connect clocks Rs 1 trillion in transaction value in October

Various payment methods such as UPI, internet banking, and prepaid payment instruments (PPIs) can be used to pay bills

NPCI COO Rai quits, takes over as MD and CEO of commodity exchange MCX

She has three decades of experience primarily in the financial services sector. She also worked with Kotak Mahindra Bank, Citi and HSBC prior to joining NPCI

Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

The approval may lead to an increase in company's UPI transaction volumes

Spend Rs 5 lakh & more for unlimited RuPay Exclusive airport lounge access

At Terminal 3 of New Delhi's Indira Gandhi International Airport, Delhi, only select cardholders will have access to RuPay Exclusive Lounge

50 new payment apps keen on joining UPI despite zero MDR: NPCI MD & CEO

At present, most UPI debit transactions continue to remain free, with payment-processing expenses borne by fintechs and banks

NPCI inks deal to develop digital payments system for Trinidad and Tobago

Earlier in the year, NIPL had agreed to develop digital payments systems for Peru and Namibia, using UPI as a blueprint

NPCI eyes Africa, South America for digital payment push via UPI: CEO

Earlier this year, the NIPL signed deals with the central banks of Peru and Namibia to help them build real-time payment systems similar to UPI

NPCI considers easing UPI market share cap amid enforcement challenges

NPCI is considering increasing the allowable market share to to over 40% from the previously proposed 30% cap

UPI users can now send Rs 5 lakh for some transactions: Check details

RBI has raised UPI transaction limit to Rs 5 lakh for tax payment, effective from Sunday

Unified Lending Interface likely to move from Mint Road's hub to new entity

Commercial banks to be stakeholders in NPCI-like body

Cred receives nod from BBPS to operate as a customer operating unit

As an agent institution of BBPS, the company processed over Rs 15,000 crore in bill payments across banks in July

NPCI launches 'UPI Circle' for secure delegated payments with trusted users

Primary users can link their UPI accounts with secondary users, granting them the ability to make payments on their behalf

Swiggy rolls out in-app UPI feature for faster payments: How to activate

Branded as Swiggy UPI, the feature aims to cut on the transaction time from over 15 seconds to just 5 seconds

NPCI incorporates NPCI BHIM Services Ltd as a wholly-owned subsidiary

Former banker Lalitha Nataraj will head the new subsidiary as its chief executive officer (CEO). Nataraj has previously worked with IDFC FIRST Bank and ICICI Bank

NPCI incorporates NPCI BHIM Services Ltd as wholly-owned subsidiary

National Payments Corporation of India (NPCI) on Tuesday announced the incorporation of NPCI BHIM Services Ltd (NBSL) (earlier known as Bharat Interface for Money' BHIM) as a wholly owned subsidiary. This development aims to meet the growing demand for digital transactions and evolving market expectations while keeping pace with innovation and rapidly shifting customer preferences, NPCI said in a statement. Additionally, it aims to promote financial inclusion, it said. This development not only aims to strengthen India's own digital payment ecosystem but also reflects a sense of national pride and significance in developing a sovereign digital payments framework, it said. The incorporation of NBSL underscores NPCI's commitment to facilitate digital payments and financial inclusivity across the country and beyond, it added.

NPCI to level up UPI play with BHIM spin-off; appoints Nataraj CEO of arm

Lalitha Nataraj previously worked with IDFC FIRST Bank and ICICI Bank

Cross-border UPI payments in Nepal cross 100,000 within six months

Under the arrangement, Indian users in Nepal can make instant UPI payments across stores in Nepal using UPI-enabled applications

RuPay credit card on UPI to earn equal rewards like other cards from Sept 1

The RuPay credit card issuing banks must abide by the contents of the circular by September 1, 2024, according to the NPCI

Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses

Gaining momentum: UPI transactions top Rs 20 trn for third straight month

NPCI's data shows that the average daily transaction count on UPI in July was 466 million, amounting to Rs 66,590 crore