Paytm secures NPCI nod to onboard new UPI users
Oct 23, 2024, at 09:55 pm
New Delhi/IBNS: One97 Communications Limited, the parent company of Paytm, has received the green light from the National Payments Corporation of India (NPCI) to onboard new users for its Unified Payments Interface (UPI) platform.
India to develop UPI-like real-time payments platform for Trinidad and Tobago
Sep 28, 2024, at 11:25 pm
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).
India to help countries in Africa and South America to develop UPI-like digital payment systems
Sep 25, 2024, at 04:37 am
New Delhi: India is in talks with countries in Africa and South America to assist in developing digital payment systems based on its Unified Payments Interface (UPI), with plans for two systems to launch by early 2027, Reuters reported.
UPI hits over 3,700 transactions per second, up 58% yearly
Sep 04, 2024, at 02:46 am
New Delhi: The Unified Payments Interface (UPI) has become the world's most popular alternative payment method, handling 3,729.1 transactions per second in 2023, media reports said.
Aug 30, 2024, at 10:58 pm
Mumbai: India’s fintech industry has garnered an investment of over $31 billion in the last 10 years and the startups in this space have recorded a growth of over 500 percent.
UPI merchant transactions in Nepal surpass 100,000 mark, announces NPCI
Aug 12, 2024, at 02:00 am
NPCI International Payments Limited (NIPL), the international armof National Payments Corporation of India (NPCI), recently announced surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-toMerchant (P2M) transactions in Nepal.
UPI transactions cross Rs 20 trillion for third straight month in July 2024
Aug 03, 2024, at 10:49 pm
New Delhi/IBNS: The Unified Payments Interface (UPI) transaction values surpassed Rs 20 trillion for the third successive month in July 2024, according to data released by the National Payments Corporation of India (NPCI) — a state-owned organization that operates retail payments and settlement systems in the country — on Thursday (Aug 1).
Ransomware attack on technology service provider hits 300 small banks across India: Report
Aug 01, 2024, at 07:37 pm
New Delhi/IBNS: A ransomware attack on an Indian technology service provider has forced payment systems across nearly 300 small local banks in the country to shut down temporarily, Reuters reported, citing two sources directly aware of the matter.
Jul 06, 2024, at 05:52 am
Kolkata: NPCI International Payments Limited (NIPL) in partnership with Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments via Network’s point-of-sale (POS) terminals in the UAE.
Jul 04, 2024, at 03:06 am
New Delhi: UPI payments are now available in the UAE through a partnership between NPCI International Payments Ltd and Network International, a key player in digital commerce across the Middle East and Africa.
India to again delay caps on UPI payments market share, reports Reuters
May 10, 2024, at 11:38 pm
Mumbai/IBNS: India will again delay caps on market share for a popular digital payments method, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration, Reuters reported quoting its sources.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
May 10, 2024, at 03:36 am
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
NPCI International partners with Bank of Namibia to deploy India’s UPI stack in Namibia
May 03, 2024, at 12:52 am
Mumbai: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.
Paytm gets third-party app license from NPCI
Mar 15, 2024, at 03:07 am
New Delhi: Paytm, officially known as One 97 Communications, was granted a third-party application provider license by the Nation's Payments Authority of India (NPCI), media reports said.
NPCI likely to grant TRAP licencse to Paytm: Report
Mar 13, 2024, at 05:55 am
New Delhi: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, previously known as One 97 Communications, by March 15, media reports said.
HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business
Feb 24, 2024, at 08:00 am
Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).
Google Pay signs MoU with NPCI to expand UPI outside India
Jan 17, 2024, at 09:53 pm
Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.
UPI IDs not used for one year to be disabled soon
Nov 18, 2023, at 06:24 am
New Delhi: The National Payments Corporation of India (NPCI), which oversees the Unified Payments Interface (UPI), has directed banks and payment applications like Google Pay, Paytm, PhonePe, etc., to disable UPI IDs and numbers associated with customers who have not conducted any transactions for a period of one year or longer.
NPCI launches new UPI products to achieve 100 bn monthly transactions
Sep 07, 2023, at 04:50 am
New Delhi: The National Payments Corporation of India (NPCI) on Wednesday announced a string of innovative products aimed at boosting the payments giant Unified Payments Interface (UPI) to reach 100 billion monthly transactions.
UPI crosses 10 billion monthly transactions in Aug; PM Modi congratulates
Sep 02, 2023, at 06:47 am
New Delhi: India’s contactless digital payments framework, Unified Payments Interface (UPI), crossed 10 billion monthly transactions in August, said Reserve Bank’s non-profit agency, National Payments Corporation of India (NPCI) on Friday.
Axis Bank enables RuPay Credit Card support on UPI
May 10, 2023, at 08:42 am
Mumbai: India’s third largest private sector lender Axis Bank on Monday announced that it has successfully enabled RuPay Credit Card support on UPI.
NPCI appoints Vishal Kanvaty as CTO
Apr 12, 2023, at 04:54 am
New Delhi/IBNS: National Payments Corporation of India (NPCI) has appointed Vishal Anand Kanvaty as its Chief Technology Officer (CTO), a statement said on Tuesday.
Paytm Payments Bank collaborates with NPCI to introduce ‘RuPay Credit Card on UPI’
Feb 08, 2023, at 03:27 pm
Kolkata: Paytm Payments Bank Limited (PPBL), on Tuesday announced that it has collaborated with NPCI to introduce ‘RuPay Credit Card on UPI’, thus enabling users to link RuPay credit cards to UPI for all merchant payments.
NPCI allows NRIs from 10 nations without Indian phone nos. to use UPI facility
Jan 12, 2023, at 04:44 am
New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.
NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr
Dec 03, 2022, at 04:45 am
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
NPCI introduces electricity bill payments service on 123PAY
Nov 11, 2022, at 08:07 pm
Mumbai/UNI: National Payments Corporation of India (NPCI) on Friday announced that electricity bill payments service for more than 70 plus electricity boards is now enabled on instant payment system 123PAY.
ICICI Bank partners with NPCI to launch RuPay credit cards
Aug 30, 2022, at 02:58 am
New Delhi: ICICI Bank on Monday announced its partnership with National Payments Corporation of India (NPCI) to launch a range of credit cards on RuPay, the indigenous payments network.
NPCI and IIT Kanpur Ink MoU for knowledge sharing and research collab
Aug 04, 2022, at 03:51 am
The Indian Institute of Technology (IIT), Kanpur and National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) for sharing knowledge on innovative ideas and to collaborate on the development of indigenous digital payments solutions.
BHIM UPI goes live at NEOPAY terminals in UAE
Apr 21, 2022, at 08:35 pm
New Delhi: NPCI International Payments Ltd (NIPL), the International arm of the National Payment Corporation of India, has announced that BHIM UPI is now live at NEOPAY terminals, across the UAE.
IndusInd Bank partners with NPCI to offer cross-border payments via UPI
Dec 27, 2021, at 10:41 pm
Kolkata: IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.