India has become the fastest payment country in the world. Unified Payments Interface (UPI) has a major contribution in this achievement. In the country, the use of debit cards and credit cards and other means of payment is decreasing. Inter-bank transactions can be done immediately through smartphones from UPI developed by National Payments Corporation of…
India has become the fastest payment country in the world. Unified Payments Interface (UPI) has a major contribution in this achievement. In the country, the use of debit cards and credit cards and other means of payment is decreasing. Inter-bank transactions can be done immediately through smartphones from UPI developed by National Payments Corporation of…
Payments from mobile have increased rapidly in the last few years in the country. In the second half of the previous year, the value of transactions was increased to Rs 198 lakh crore with the use of mobile phones. This is an increase of about 30 percent on a year-on-year basis. It has an increased…
In today’s time, UPI has become an important method of digital transaction, people in big cities have become largely dependent on digital payment rather than spending cash. From rickshaw driver to vegetable seller in India, UPI accepts digital transactions, digital transactions are also working in far-flung areas in every corner of the country. In such…
NPCI has issued new instructions to increase the security and efficiency of UPI transactions, which will be applicable from 1 April 2025. Under these guidelines, bank and payment service providers (PSP) will have to update their data every week through the Mobile Number Revolution List (MNRL) and Digital Intelligence Platform (DIP). Below we are giving…
There will be a big change for UPI users soon. According to a media report, National Payments Corporation of India (NPCI) has started the process of removing the ‘Collect Payments’ features. This step is being taken in view of the increasing incidence of fraud. With this change, now only large and verified merchants will get…
The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. Consciousness fees will have to be paid on paying the bill through credit and debit cards on Google Pay, which provides UPI payments facilities. Earlier, there was a service of three rupees for mobile recharge on Google Pay. A media Report According…
The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. The National Payments Corporation of India (NPCI) has stated that UPI transactions to be blocked from next month with special characters ID will be blocked. NPCI operates retail payments and settlement systems in the country. Released by NPCI Release It has been…
Ever since the launch of UPI, speculations had started that we would see more such new experiments in the coming times. One of these is… Aadhaar Payments (AEPS). An official announcement has been made about it and it will be rolled out soon. With its help, users will be able to send and receive money…
The digital payments segment has grown rapidly in the last few years. Central Bank Digital Currency (CBDC) eRupee is being trialled in India. For this, Reserve Bank of India (RBI) has added many banks. However, RBI says that it will not be in any hurry regarding this. The trial of e-Rupee was started about two…