BHIM app vulnerability reportedly exposed financial data of millions of users; NPCI denies data compromise
According to Vpnmentor, the 409 GB of data suspected to be breached has over 70 lakh records.
UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.
Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley
"Today, Visa and Mastercard are losing market share in India to the indigenously developed payment system of UPI and RuPay card whose share has reached 65 percent of the payments done through debit and credit cards," Arun Jaitley said.
Although the decision on the pilot project has been taken, it will take some time for implementation as software for the purpose will have to be developed and the states will have to decide on it before the benefit reaches the people.
The total value of these UPI transactions stood at Rs 40,834.03 crore in the month of June as compared to Rs 33,288.51 crore in the preceding month, NPCI said.
Narendra Modi calls Digital India initiative a war against touts; says it helped fight black money, created employment
Prime Minister Narendra Modi on Friday said his pet Digital India initiative is a war against touts and middlemen
Narendra Modi interacts with NCC cadets in New Delhi, seeks youths' cooperation in fight against corruption
Prime Minister Narendra Modi sought youths' cooperation in his fight against corruption, saying none will be spared in his anti-graft exercise and noted that three former chief ministers are "rotting" in jail
Ravi Shankar Prasad said that the government was working with Interpol and CBI to identify sites that had child pornographic material.
Digitisation push: No charges on debit card payments up to Rs 2,000, MDR to be borne by govt for 2 years
Union Cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through debit cards, BHIM, UPI or Aadhaar-enabled payment systems to promote digital transactions.
Indian Railways to bring UPI payment system at ticket reservation counters across the country from 1 December
"We are going to roll out UPI-based payment system at all reservation counters across the country," Railway Board Member (Traffic) Mohammad Jamshed said.
Tata Power today said it has become the first power utility to introduce a QR code based bill payments system in India.
Bharat Interface for Money (BHIM) is an app that allows transactions using Unified Payments Interface (UPI).
Digitisation drive: UPI is gaining currency among users but concerns of tech glitches, frauds remain
One of the highlights of UPI is that a user needs to get a virtual address and there is no need to reveal phone numbers or transfer money to a wallet
More than 175 newly-recruited IAS officers will be given exposure to the Centre's flagship programmes, including the Goods and Services Tax (GST), the BHIM app for cashless transactions and Aadhaar.
The government has been in a tearing hurry to rollout GST on 1 July as if to keep its tryst with destiny
The rules of engagement between private players on the one hand (like PayTM, PayU, PhonePE, Rupay, VISA and Mastercard, among many others), and the banks where businesses and individuals park their money on the other, have not yet been clearly defined
Addressing the people of India for the 31st time through his monthly radio show Mann Ki Baat, prime minister Narendra Modi on Sunday spoke on several topics, which ranged from reiterating the government's resolve to end VIP culture in the country to urging youngster to think out of the box.
Mann Ki Baat, 30 April, 2017: Narendra Modi talks about VIP culture, says 'every person is important'
Addressing the people of India for the 31st time through his monthly radio show Mann ki baat, Prime Minister Narendra Modi on Sunday spoke on several topics, which ranged from urging youngster to think out of the box to reiterating the government's resolve to end VIP culture in India.
Narendra Modi's 30th Mann Ki Baat: Push for e-payments, fight against black money feature in PM's address
Prime Minister Narendra Modi on Sunday urged them to use less cash in their daily lives and continue to support the movement towards digital payments started after the note ban.