NPCI

Reserve Bank of India implemented a new auto-debit rule requiring an additional element of verification for recurring payments made with debit and credit cards. On October 1, 2021, the Reserve Bank of India (RBI) implemented a new…

India is going digital in a big way. Digital payments are an important frontier in the mission of Digital India. There are various players who trying to take a pie out of this huge market. Be it homegrown brands like PhonePe, PayTM or…

Indians visiting UAE for business or leisure can now use the Unified Payments Interface (UPI) platform for payments. The international arm of National Payments Corporation of India, NPCI International Payments (NIPL) has partnered with…

NPCI is discussing the idea of expanding India’s self-developed digital payment platforms like Rupay and UPI to more international locations. On July 13, 2021, the international arm of the National Payments Corporation of India (NPCI)…

280 Crore UPI Transactions Worth Rs 5.5 Lakh Crore In 30 Days! UPI Hits All Time High Record According to recent information provided by the National Payments Corporation of India (NPCI), the instant real-time payment system Unified…

The digital payments market may have recorded 2.53 billion transactions worth Rs 4,90,638 crore UPI transactions increased by double digits during the lockdown months as the virus spread and customers began to prefer digital payments.…

Approximately 4.5 lakh such transactions were affected Customers looking to make online payments were hit by system failure, due to which the transaction was halted, leading to money not being able to go through to and from another…

NPCI has limited third-party application providers to 30% of market share of all transactions processed via UPI. National Payments Corporation of India (NPCI) has limited third-party application providers (TPAPs) to 30% of market share…

Citing unnamed sources, On Saturday, Economic Times reported that in order to set up a national digital payment network, Reliance Industries is partnering with Facebook Inc, Google and fintech player Infibeam. There are some…

This Govt Bank Is #1 In UPI Failure Rate; SBI's Failure Rate Reduced By 83% In 30 Days Yet again, the Union Bank of India has now become the top remitter bank in UPI transaction failure. The data from NPCI has revealed that the failure…