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
According to Vpnmentor, the 409 GB of data suspected to be breached has over 70 lakh records.
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
Avoid utilising telephone customer service representatives to complete payment transactions.
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
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
The government wants to ensure that all the data pertaining to WhatsApp Pay will be stored on servers based in India.
If 2018 was the year of mobile malware, 2019 is the year of everywhere malware.
Blames previous decline on connectivity problems and lack of response from banks’ servers.
Currently, only around 7 lakh WhatsApp users in India can use the WhatsApp Pay beta feature
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
Mi Pay will be available for download only on Xiaomi devices unlike other digital payments apps.
WhatsApp wrote to RBI, seeking a formal nod to expand payments services in India.
WhatsApp is currently piloting WhatsApp payments and is waiting for a formal approval to be granted.
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
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
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
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.
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
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.