National Payments-corporation-of-india

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National Payments-corporation-of-india - Total results - 54
Google Pay says all transactions are fully protected by redressal processes laid out by RBI, NPCI
Business

Google Pay says all transactions are fully protected by redressal processes laid out by RBI, NPCI

The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.

BHIM app vulnerability reportedly exposed financial data of millions of users; NPCI denies data compromise
News & Analysis

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.

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown
Business

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Cybercrime: Here are 10 tips that can help you stay safe in the digital world
News & Analysis

Cybercrime: Here are 10 tips that can help you stay safe in the digital world

Avoid utilising telephone customer service representatives to complete payment transactions.

WhatsApp Pay may be delayed as govt flags risk to payments via social media apps
News & Analysis

WhatsApp Pay may be delayed as govt flags risk to payments via social media apps

This comes days after Zuckerberg announced that there will soon be "positive news" about the service's launch.

Reserve Bank of India expands scope of Bharat Bill Payment System, allows payment of all recurring bills
Business

Reserve Bank of India expands scope of Bharat Bill Payment System, allows payment of all recurring bills

BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground

WhatsApp Pay to get a nod after Indian govt is satisfied with its data compliance policies
News & Analysis

WhatsApp Pay to get a nod after Indian govt is satisfied with its data compliance policies

The government wants to ensure that all the data pertaining to WhatsApp Pay will be stored on servers based in India.

Keeping digital wallets safe: Staying vigilant is key as cyber theft risks rise
News & Analysis

Keeping digital wallets safe: Staying vigilant is key as cyber theft risks rise

If 2018 was the year of mobile malware, 2019 is the year of everywhere malware.

UPI transaction success rate reaches 87 percent in 2019, to improve further: Report
News & Analysis

UPI transaction success rate reaches 87 percent in 2019, to improve further: Report

Blames previous decline on connectivity problems and lack of response from banks’ servers.

WhatsApp Pay could go live in five months, undergoing third-party audit: Report
News & Analysis

WhatsApp Pay could go live in five months, undergoing third-party audit: Report

Currently, only around 7 lakh WhatsApp users in India can use the WhatsApp Pay beta feature

Markets regulator SEBI extends phase 1 implementation of UPI for retail IPO investors till 30 June
Business

Markets regulator SEBI extends phase 1 implementation of UPI for retail IPO investors till 30 June

The timeline for implementing phase 2 and phase 3 shall remain unchanged from the date of completion of phase 1, Sebi said in a circular

Xiaomi launches its digital payments app Mi Pay in India to take on Google Pay, Paytm
News & Analysis

Xiaomi launches its digital payments app Mi Pay in India to take on Google Pay, Paytm

Mi Pay will be available for download only on Xiaomi devices unlike other digital payments apps.

RBI seeks opinion from Indian government and NCPI on WhatsApp payment services
News & Analysis

RBI seeks opinion from Indian government and NCPI on WhatsApp payment services

WhatsApp wrote to RBI, seeking a formal nod to expand payments services in India.

WhatsApp chief writes to RBI seeking approval to expand payment services in India
News & Analysis

WhatsApp chief writes to RBI seeking approval to expand payment services in India

WhatsApp is currently piloting WhatsApp payments and is waiting for a formal approval to be granted.

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report
News & Analysis

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report

UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation
Business

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation

P Chidambaram said the increase in the number of Jan Dhan accounts has not translated into greater flow of credit to the rural population.

SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing time
Business

SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing time

As a part of the continuing efforts to further streamline the process, SEBI has decided, in consultation with the stakeholders to introduce the use of UPI as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail investors through intermediaries.

Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over August
Business

Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over August

Monthly transactions through unified payments interface (UPI) increased by more than 30 percent month-on-month to 405.87 million in September, totalling over Rs 59,835 crore in value, according to the National Payments Corporation of India (NPCI) data.

Why companies like Apple are hesitating to launch payment services in India
News & Analysis

Why companies like Apple are hesitating to launch payment services in India

RBI’s data localization mandate indicates the hurdles companies face to set up payment services.

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore
Business

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore

The number of transactions via UPI grew 32 percent to 312.02 million over the previous month amounting to Rs 54,212.26 crore, according to NPCI website.