Will continue to be part of India's digital transformation, says Singaporean envoy after UPI-PayNow linkage
People in both countries can send money in real-time via QR-code based or simply by entering mobile numbers linked to the bank account
Explained: How NRIs will be able to make payments via UPI
NRIs in 10 countries — Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates and UK — will now be able to transact through UPI using international mobile numbers
UPI payments: Some trends worthy to watch out for
With over 100 million monthly active users in India, and a jump of a whopping 427% in usage between March 2020 and August 2022, the growth of UPI has been colossal. After the staggering success of the first phase, UPI is gearing up for its next phase of growth
Want to withdraw cash from ATMs using UPI applications? Here’s the process
There won't be any extra charges for UPI-enabled cardless cash withdrawals from ATMs.
Want to make UPI payments without internet connection? This trick can help you
You need to set up your UPI before making online payments without an internet connection.
NPCI internationalising Indian rupee as the world deliberates on dedollarisation
With countries like Russia shifting its trade from US dollar to ruble, China pushing its trade in yuan, and now India initiating payments and receipts in Indian rupee, a slow process of dedollarisation has begun
UPI payments set new record in September
It is expected that payment through UPI would create another record both in terms of transaction and value in the festival month of October and November
UPI expands globally: Indian travellers to UK to enjoy hassle-free digital transactions
The NPCI International Payments Ltd has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of UPI payment solutions in the UK
99.9% adults in India have Aadhaar number and ‘use it at least once a month’, says UIDAI
The overall Aadhaar coverage stands at 92.7 per cent, with nearly 100 per cent coverage amongst adults, 92.5 per cent coverage among children between 5-18 years of age, and 25 per cent amongst children below five years, according to a booklet released by the agency
RBI to allow UPI payments via RuPay credit card: What this means for customers, what experts say
The central bank said this change will allow even more people to use the unified payments interface (UPI) platform, which has become the most inclusive mode of payment in India with 26 crore unique users and five crore merchants
Digital payments: A look at how they work, the cost of your transaction and other questions answered
Even though a transaction is mainly a debit and credit between two banks, there are many intermediaries that facilitate these transactions.
Digital payment solution 'e-RUPI' to launched in India: What it means and how it works
Banks including SBI, HDFC, Axis, Punjab National Bank, ICICI Bank and more are live with the e-RUPI digital payment solution.
Prime Minister Narendra Modi to launch digital payment solution e-RUPI on Monday
In its statement, the Prime Minister's Office said e-RUPI is a cashless and contactless instrument for digital payment
What is e-RUPI and how it will change India's digital payment behaviour
e-RUPI is a cashless and contactless instrument for digital payment
UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI
This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.
NPCI introduces a new reloadable wallet feature for offline RuPay contactless payments
With the reloadable wallet feature, customers can store money to ensure quick transactions without any irregularities even if they have poor connectivity at the POS machines.
Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders
National Payments Corporation of India brings onboard new members as part of its shareholding party.
WhatsApp payments service gets NPCI nod for roll out in India for upto 20 million users
WhatsApp has been running a pilot service for the last two years but was not given a formal go-ahead because of data localisation requirements.
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.
WhatsApp assures SC that it will not go ahead with the payment service without complying with Indian regulations
Earlier, WhatsApp had told the apex court that it is conducting a trial run of its payment service.