Posts filtered by tags: National Payments Corporation of India NPCI[x]


 

WhatsApp crosses 2 billion users worldwide

WhatsApp which was acquired by Facebook in 2014 crossed 1 billion users worldwide in July 2017 and undoubtedly, it is popular among many users worldwide. After crossing a 1.5 billion user milestone in 2018, WhatsApp has now announced that it has hit the next milestone. Facebook's WhatsApp has crossed 2 billion users globally and the rate at which the messaging app has grown is incredible. In a dedicated blog post, the company has detailed the features of WhatsApp and tells us how it has con...
Tags: Facebook, Apps, News, India, Blogging, National Payments Corporation of India NPCI, WhatsApp 2 billion, WhatsApp 2 billion users, WhatsApp crosses 2 billion users


India: Whatsapp Draws Flak For Not Complying With Data Localization Norms Set By RBI - GameChanger Law Advisors

The Reserve Bank of India (RBI), in a letter dated November 01, 2019, to the National Payments Corporation of India (NPCI) has directed NPCI to ensure that Whatsapp Pay, the payment services leg of the messaging application Whatsapp ...
Tags: News, India, Reserve Bank of India RBI, NPCI, National Payments Corporation of India NPCI


CASC files interim application in SC against WhatsApp payments go-ahead

Delhi-based thinktank Centre for Accountability and Systemic Change said WhatsApp’s “unlawful trials” for its payments services should stop, and that the RBI and National Payments Corporation of India (NPCI) should put on record the permission granted for the pilot, including all communication between RBI, NPCI and WhatsApp regarding the same. The thinktank said this in an […] ...
Tags: Travel, Facebook, News, Whatsapp, Personal Data, Data Protection, Delhi, UPI, Intermediary Liability, RBI, Reserve Bank of India, Digital Payments, NPCI, CASC, National Payments Corporation of India NPCI, Data Localization


Number of UPI transactions declined marginally to 1.3 billion in Jan 2020, Rs 2,16,243 crore transacted

Unified Payment Interface (UPI) saw a marginal decrease of 0.3% in the total transaction volumes between December 2019 and January 2020, according to data published by the National Payments Corporation of India (NPCI). For the same period, the amount transacted went up by 6.8%. NPCI is a private company owned by Indian banks; it owns […] ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI crossed 10 billion transactions at the end of 2019

The Unified Payments Interface (UPI) saw an extensive growth of 191% in the total transaction volume, taking its number to 10,788 million in 2019 from 3,708 million in 2018, according to data published by the National Payments Corporation of India (NPCI). In addition, December 2019 alone accounted for 12% (1.31 billion) of all transactions. The […] ...
Tags: Travel, News, Finance, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


Google cites learnings from UPI to US Federal Reserve for proposed RTGS service

Google has cited the example of India’s Unified Payments Interface (UPI), to the United States Federal Reserve for its proposed FedNow — a new interbank real-time gross settlement service. The company said that it worked closely with the National Payments Corporation of India (NPCI), which deployed the UPI, and added that UPI was “thoughtfully planned […] ...
Tags: Travel, Google, News, India, Rtgs, UPI, Cashless, Us Federal Reserve, Digital Payments, United States Federal Reserve, NPCI, National Payments Corporation of India NPCI, Google Pay


UPI transactions grew 20% to 1.15B in October 2019; Rs 191,360 Cr transacted

Unified Payment Interface (UPI) saw an increase of 20.2% in the total transaction volumes taking place between September 2019 and October 2019, according to data published by the National Payments Corporation of India (NPCI). The amount transacted grew 19% between September and October 2019. NPCI is a private company owned by Indian banks, it owns […] ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI transactions grew 4% to 955M in September 2019; Rs 161,456.56 Cr transacted

Unified Payment Interface (UPI) saw an increase of 4% in the total transaction volumes taking place between August 2019 and September 2019, according to data published by the National Payments Corporation of India (NPCI). The amount transacted grew 4.5% between August and September 2019. NPCI is a private company owned by Indian banks, it owns […] ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI transactions grew to 781.8M in April 2019; Rs 142,034Cr transacted

The Unified Payment Interface (UPI) saw a decrease of 2.2% in the total transaction volumes taking place between March 2019 and April 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


25% of India’s toll is now collected electronically, says NPCI

The National Electronic Toll Collection (NETC), run by the National Payments Corporation of India (NPCI), now accounts for 25% of the toll collected on India’s highways, NPCI said in a press release. NPCI launched the electronic toll collection program in December 2016 in partnership with the... ...
Tags: Travel, News, India, Payments, Digital Payments, NHAI, NPCI, National Payments Corporation of India NPCI, Electronic Toll collection, NETC, National Electronic Toll Collection NETC


NPCI cuts UPI usage fees for small transactions from 25 paise to 10 paise

The National Payments Corporation of India (NPCI), which runs the Unified Payments Interface (UPI) network, has slashed usage fees for small transactions to encourage banks and payment service providers (PSPs) to adopt the system, the Economic Times reported. The report said NPCI has reduced:... ...
Tags: Travel, News, India, Payments, UPI, Economic Times, NPCI, National Payments Corporation of India NPCI, Unified Payments Interface UPI


UPI transactions grew to 799.5M in March 2019; Rs 133,460.7 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 18.6% in the total transaction volumes taking place between February 2019 and March 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks, and owns and... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI transactions grew marginally to 674.2M in February 2019; Rs 106,737.1 Cr transacted

The Unified Payment Interface (UPI) saw a marginal growth in the total transaction volumes taking place between January 2019 and February 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


NPCI appoints Arif Khan as its Chief Digital Officer

The National Payments Corporation of India (NPCI) has appointed Arif Khan as its Chief Digital Officer. Khan will be based out of Mumbai and lead strategic planning for digital transformation, innovation, analytics and technology. We are glad to announce that Mr. @Arifkha29166169 has joined #NPCI... ...
Tags: Travel, Mobile, News, Internet, Khan, Mumbai, UPI, Digital Payments, Industry Moves, NPCI, National Payments Corporation of India NPCI, Arif Khan, BHIM-UPI


MIUI 10 Global Beta ROM brings Mi Pay app

Xiaomi India announced their plans to enter into payment services in collaboration with ICICI Bank and PayU back in December. The company also started registrations for beta testing in December as National Payments Corporation of India (NPCI) had cleared Mi Pay for large group usage. During the launch, the company said that Mi Pay would be integrated within the Contacts, SMS, Scanner apps, as well as App Vault in MIUI and, will be available for all MIUI users soon. [gallery link="file" size="...
Tags: Google, News, Blogging, Bank Account, UPI, Xiaomi India, MIUI, ICICI Bank, National Payments Corporation of India NPCI, MIUI Global Beta, MIUI 10, Mi Pay app, Mi Pay MIUI 10


UPI transactions grew 8.5% to 672.8M in January 2019; Rs 109,932.4 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 8.5% in the total transaction volumes taking place between December 2018 and January 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI transactions grew to 3,708 million at the end of 2018

The Unified Payments Interface (UPI) saw an extensive growth of 767% in the total transaction volume, taking its number to 3,708 million in 2018 from 427.5 million in 2017, according to data published by the National Payments Corporation of India (NPCI). In addition, 17% of UPI transactions carried... ...
Tags: Travel, News, Finance, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


Xiaomi introduces Mi Pay mobile payment solution in India

Xiaomi has introduced Mi Pay mobile payment solution in India supported by ICICI Bank and PayU. The company today started registrations for beta testing as National Payments Corporation of India (NPCI) has cleared Mi Pay for large group usage. The company said that Mi Pay would be integrated within the Contacts, SMS, Scanner apps as well as App Vault in MIUI and will be available for all MIUI users soon. It added that at launch, Mi Pay will support all leading credit cards and debit cards, ...
Tags: Google, News, India, Blogging, Xiaomi, UPI, ICICI Bank, National Payments Corporation of India NPCI, UPI PIN, Mi Pay, Xiaomi Mi Pay


Is Aadhaar the only reason for the cancellation of eSign Mandates?

The Supreme Court ruling scrapping Section 57 of the Aadhaar Act has had downstream impacts on Aadhaar-based technology solutions. Recently, the National Payments Corporation of India (NPCI) in a circular to its National Automated Clearing House (NACH) member banks announced discontinuation of... ...
Tags: Travel, News, Supreme Court, Policy, Regulation, RBI, Aadhaar, Digital Payments, NPCI, National Payments Corporation of India NPCI, UIDAI


UPI transactions grew 19% to 482.4M in October 2018; Rs 74,978.3 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 18.8% in the total transaction volumes taking place between September and October 2018, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


UPI transactions grew 32% to 312M in August 2018; Rs 54,212 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 32% in the total transaction volumes taking place between July and August 2018, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates payments... ...
Tags: Travel, News, Digital, Banking, Payments, Fintech, UPI, NPCI, National Payments Corporation of India NPCI


NPCI’s UPI 2.0 launched with new features; no recurring payments

Following multiple delays, the National Payments Corporation of India (NPCI) has finally launched the upgraded version of the Unified Payments Interface (UPI), dubbed UPI 2.0. While most of the features in the updated version were largely expected, the absence of recurring payments is bound to... ...
Tags: Travel, News, Banking, UPI, RBI, Digital Payments, NPCI, National Payments Corporation of India NPCI, Unified Payments Interface, NCPI


UPI 2.0 launched – Link Over-draft account, QR code payment, Block payment and more

National Payments Corporation of India (NPCI) has finally launched Unified Payments Interface (UPI) 2.0 with new and upgraded features in an aim to ease the digital transaction for users, after a delay of several months. This includes one time mandate with block functionality, option to link Over-Draft (OD) account, Invoice in the Inbox, Signed Intent / QR and it has finally increased the UPI per transaction cap to 2 lakh. Key features of  UPI 2.0 One time mandate with block functionality ...
Tags: News, India, Blogging, UPI, National Payments Corporation of India NPCI, Unified Payments Interface UPI, UPI 2.0, Inbox Signed Intent QR, UPI Mandate


UPI transactions declined 4.4% to 235.7M in July 2018; Rs 45,845.6 Cr transacted

The Unified Payment Interface (UPI) saw a decrease of 4.4% in the total transaction volumes taking place between June and July 2018, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates payments... ...
Tags: Travel, News, Digital, Banking, Payments, Fintech, UPI, NPCI, National Payments Corporation of India NPCI


NPCI to stop UPI transactions within the same account from August 1: Report

In a bid to curb the artificial inflation of transactions on the Unified Payments Interface (UPI) ecosystem, the National Payments Corporation of India (NPCI) has decided to block transactions, where the payer and the payee account are both the same, the Economic Times reports. The NPCI, issuing... ...
Tags: Travel, News, Banks, UPI, Economic Times, Digital Payments, NPCI, National Payments Corporation of India NPCI, Aaadhaar


NPCI tells Banks to discontinue Aadhaar-based payments through UPI, IMPS

In a major (and unexpected) development, the National Payments Corporation of India (NPCI) has asked banks to discontinue Aadhaar-based payments through the Unified Payments Interface (UPI) and Immediate Payment System (IMPS) channels from August 31st, 2018. Pay to Aadhaar is an additional... ...
Tags: Travel, News, Banks, UPI, Aadhaar, Digital Payments, NPCI, National Payments Corporation of India NPCI, Aaadhaar, BHIM-UPI, UPI IMPS


UPI adoption hits high; BHIM is heading south

The Ministry of Electronics and IT (MeitY) said recently that cashback offers for merchants were withdrawn from July 1. According to the National Payments Corporation of India (NPCI), which runs the BHIM app, its share was at the lowest since inception in terms of UPI transactions by value at 15% of the total in June. The post UPI adoption hits high; BHIM is heading south appeared first on NextBigWhat..
Tags: Business, News, UPI, National Payments Corporation of India NPCI, BHIM, Ministry of Electronics


UPI transactions jump 30% to 246.4M in June 2018; Rs 40,834 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 30% in the total transaction volumes taking place between May 2017 and June 2018, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates... ...
Tags: Travel, Mobile, News, Internet, Banking, Internet Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


Uber integrates UPI payments in India; Here’s how it works

Uber has officially launched Unified Payments Interface (UPI) integration in India in partnership with National Payments Corporation of India (NPCI) and banking partners Axis Bank and HDFC Bank. The ride hailing service had rolled out UPI for some users in the country last month. UPI is mobile-first payment system that facilitates transactions between any two … Continue reading "Uber integrates UPI payments in India; Here’s how it works"
Tags: Uber, Apps, India, Blogging, Payments, Intégration, UPI, Axis Bank, HDFC Bank, National Payments Corporation of India NPCI


Facebook allows advertisers to place ads in Messenger home screen

Facebook will start placing ads in its Messenger app’s home tab screen globally. These ads were first tested in Australia and Thailand this January. As it was testing home screen ads in those countries, Facebook said in a  that advertisers will be “able to place an ad in an area of Messenger below your recent conversations”. Apart from these ad formats, Messenger will have ‘sponsored messages’ which allow advertisers to directly interact with users through a chat window. In a , the company sai...
Tags: Travel, Mobile, Facebook, Apps, Messenger, News, Australia, Advertising, Social Media, Paypal, Thailand, UPI, Competition Authority, News Feed Facebook, Competition Commission of India CCI, Messenger Facebook