Page 16 - Upi

CRED to roll out payment checkout terminals to merchants this year

The devices will be interoperable and UPI users can pay through the checkout terminals using any application

Razorpay forays into UPI infrastructure space, offers UPI Switch

Razorpay plans to offer the service to more banks in the future, the company's chief executive officer (CEO), Harshil Mathur said

Paytm unveils Made-in-India soundboxes for UPI, credit card on UPI payments

Paytm on Monday launched two Made-in-India soundboxes for UPI and credit card on UPI payments. Paytm founder and CEO Vijay Shekhar Sharma said that the advanced soundboxes offer better sound quality and battery life, making them better suited to Indian conditions. The need for these hybrid soundboxes was felt in the backdrop of a high-noise environment in India, Sharma said describing the evolution of the company's soundbox offerings as 'legitimate India innovations'.

Paytm to migrate users to new UPI IDs; here is what it means for you

The National Payments Corporation of India (NPCI) recently gave Paytm the green light to migrate users to specific banks that handle UPI transactions.

PhonePe, Google Pay creating a duopoly in India's UPI space? NPCI to check

Google Pay and PhonePe, together account for 86% of UPI transactions by volume in India and are also expanding to offer UPI services abroad

Amazon Pay explores credit on UPI through collaboration with NPCI

NPCI recently unveiled new features for UPI-linked RuPay credit cards, including EMI facilities, UPI AutoPay for credit card bill settlements, and enhanced credit limit

Watch: How to get cash delivered to your doorstep

Are you falling short of cash due to your reliance on UPI and other digital payment methods, or are you facing challenges in accessing a bank or ATM? Whatever may be the reason, you’re not alone.

Subscription traps to hidden charges: Dark patterns are plaguing the UPI boom

62% of respondents fell victim to bait-and-switch tactics. Here, platforms lure users with cashback offers that are never actually delivered after completing transactions

RBI adds more features to UPI: Soon, you can deposit cash at ATMs via UPI

Soon, you will be able to deposit cash in banks through the popular Unified Payments Interface (UPI), a real-time payment system that facilitates inter-bank transactions via mobile phones.

Indians love UPI, credit cards, and these payment apps

According to a recent report by Worldline, a global leader in payment services, the Unified Payments Interface (UPI) continues to dominate India's digital payment scene. In the second half of 2023 >

Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI

It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets

Rupay credit card users can apply EMIs via UPI app

The National Payments Corporation of India (NPCI) has announced new features coming to the Unified Payments Interface (UPI) platform. These features, which will be available by May 31, 2024, will mak

Indian travellers can now use PhonePe to make payments via UPI in Singapore

Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board. The collaboration has been built upon the existing Unified Payments Interface (UPI) linkage between India and Singapore, which allows customers to instantly make cross-border transactions between the two countries directly from their existing Indian bank accounts. "Singapore Tourism Board (STB) and PhonePe enter a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore," PhonePe, a decacorn, said in a statement. Privately-held companies with a valuation of over USD 10 billion are termed as decacorn. As part of the partnership, STB and PhonePe will invest in joint marketing efforts across India and Singapore, to promote seamless UPI experiences across key tourism hotspots. "This partnership exemplifies our dedication to enhancing the Singapore visitor experience for discerning, tech-savvy

In a first, yearly transactions through UPI cross 100 billion in FY24

The year also saw a record value of Rs 199.89 trillion, compared to Rs 139.1 trillion. In February 2024, transactions stood at 12.10 billion and Rs 18.28 trillion, respectively

PhonePe users can now make UPI payments in UAE via NEOPAY Terminals

Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq's NEOPAY Terminals, the Walmart group digital payments firm said on Thursday. The transactions will be facilitated by the Unified Payments Interface (UPI). The account debit will occur in Indian rupee, showing the currency exchange rate, PhonePe said in a statement. NEOPAY Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. "With this partnership, customers can now conveniently transact through UPI, a payment method they are familiar with. Enabling digital payments not only reflects PhonePe's commitment to convenience but also embraces the evolving needs of today's travellers," PhonePe CEO for International Payments, Ritesh Pai said. The collaboration is facilitated through Mashreq's partnership with NPCI International Payments Limited (NIPL). Through this partnership, Mashreq has enabled NEOPAY Terminals to accept UPI

Paytm gets nod to continue UPI via State Bank of India, three others

Four banks-- Axis Bank, HDFC Bank, State Bank of India, YES Bank will act as Payment Service Providers (PSPs) to Paytm

Paytm parent One97 Communications plans partnership with 4 banks for UPI

UPI payments on the Paytm app will likely redirected to SBI, HDFC Bank, Axis Bank, and Yes Bank for settlement, if Paytm Payments Bank operations cease after March 15

NPCI discusses means to grow UPI ahead december market cap deadline

NPCI owns and operates the Unified Payments Interface (UPI) platform

Paytm's UPI transactions drop in February amid regulatory challenges

Overall UPI volumes of Paytm witnessed a marginal dip to 12.1 billion transactions compared to 12.2 billion transactions in January

Majority of users to stop using UPI if it attracts transaction fee: Report

A majority of people will stop using UPI if a transaction fee is levied on it, according to an online survey by LocalCircles. However, a sizable number of respondents claimed that they have experienced a transaction fee being levied on their UPI payment once or more in the last one year, it added. LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67 per cent of male respondents and 33 per cent of women. In August 2022, the Reserve Bank of India (RBI) released a discussion paper proposing a tiered structure charge on UPI payments based on different amount bands. Following the RBI discussion paper, the finance ministry clarified that there was no proposal to levy charges on UPI transactions, LocalCircles said in its report on UPI transaction fees. "Only 23 per cent of UPI users surveyed are willing to bear a transaction fee on payment. 73 per cent of those surveyed indicated that they will stop using UPI if a ...