Page 17 - Upi

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

Sachin Bansal's Navi becomes sixth largest UPI player, overtakes Amazon Pay

Bengaluru-based fintech started cash-backs and rewards for customers in April

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

Banks to set up a Unified Recovery Interface to enhance efficiency

IBA mulls special apprenticeship scheme for banking sector

How to make payments with Google Pay's UPI Circle: A complete guide

UPI Circle is designed to assist individuals who may not have a bank account or find it inconvenient to manage digital payments

UPI numbers scale fresh peak in August; volume up, value dips marginally

The Immediate Payment Service (IMPS) transaction volume was down by 8 per cent in August at 453 million, as compared to 490 million in July

UPI likely to grow further in several countries, says RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday evening said he is optimistic that the Unified Payments Interface (UPI) will grow further in several countries. Das, who is on a five-day visit to the state, said UPI is already present in many countries through QR codes and the linkage of fast payments systems, and discussions are underway with several other nations. We expect this to grow further at the global level and internationalise in future, he told reporters here. Speaking at an event in Mumbai on Wednesday, Das had said that notable progress in this direction has already been made with countries like Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and a few others for acceptance of RuPay cards and payments through the UPI network. These endeavours, he said, underscore collaborative efforts for the adoption of India's initiatives across the globe.

New feature: Deposit cash at ATMs via UPI, no debit card required

UPI Interoperable Cash Deposit lets customers add cash to their own or any bank account via UPI at ATMs run by banks and white-label ATM operators, simplifying cash deposits

PhonePe CEO says UPI mcap overhang holding back company from going public

Speaking at the Global Fintech Fest, Sameer Nigam, chief executive officer, PhonePe, said, "As far as going public, the market cap overhang is definitely a problem for us

Sebi proposes mandatory UPI block secondary market for larger brokers

Under the block mechanism, the amount is not deducted from the bank account unless the transaction takes place

UPI transactions can touch 100 bn in next 10-15 years: Dilip Asbe

He was responding to a question posed by Kunal Shah, serial entrepreneur and founder of Cred, at the Global Fintech Fest on what will bring the next millions to the UPI ecosystem

Lot of headroom for digital payments platform UPI to grow: Google Pay V-P

Speaking at the Global Fintech Fest, Kenghe said close to 400 million customers are transacting on UPI currently

Over 40% consumers use digital payment daily in Tier 3-6 cities: Report

More than 40 per cent of consumers in Tier 3 to 6 cities use digital payment on a daily basis, while 45 per cent claimed to use it once in two days, a new survey report has said. "This reflects the frequent usage of digital payments by consumers, even in Tier 3 to 6 locations of the country," said a report by Chase India on The State of Digital Payments in India. The report identifies the key challenges faced by merchants and consumers in the adoption of digital payment services at the grassroots level. According to the report, nearly half of the merchants who are not using digital payments in rural India are unaware of the service. In contrast, a staggering 94 per cent of consumers who are not using digital payments are aware of it but still don't use it, as they face issues like lack of internet connectivity, limited knowledge, mistrust in online payments and service-related problems. The report added that around 74 per cent of consumers claimed to be using digital payment serv

SaaS startup Finarkein announces raising $4.75 mn in pre-series A round

Company's technology allows enterprises to co-create data products on India's digital public infrastructure

RBI to launch Unified Lending Interface to transform lending space: Das

There should not be in any rush to roll out system-wide CBDC before one acquires a comprehensive understanding of its impact, Das said

Flipkart-backed super.money aims to be among top five on UPI leaderboard

The company, which rolled out its beta version in June, has processed about 10 million transactions to date

Fintech major PhonePe introduces 'credit line on UPI' on its platform

The option also allows merchants on PhonePe's Payment Gateway to offer customers an additional payment option at the time of checkout

Small UPI players show promise even as larger ones continue to dominate

Smaller fintechs gain traction as top UPI apps near 30% market cap limit