Upi Transactions

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Upi Transactions - Total results - 16
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

Google Play Store will now let you make purchases via UPI payment mode
News & Analysis

Google Play Store will now let you make purchases via UPI payment mode

Earlier the option of paying via debit, credit cards and so on were available on Google Play Store.

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.

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth
Business

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth

The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.

UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform
Business

UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform

With the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries

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.

Currency with public doubles from demonetisation days: Why did Narendra Modi’s big gamble fail to dethrone the cash king?
Business

Currency with public doubles from demonetisation days: Why did Narendra Modi’s big gamble fail to dethrone the cash king?

Currency in Circulation totaled Rs 19.3 lakh crore as on 1 June. Remember, this figure had fallen to Rs 8.9 lakh crore in the aftermath of demonetisation

NPCI orders banks to stop UPI transactions from apps that are not complying with its directive
News & Analysis

NPCI orders banks to stop UPI transactions from apps that are not complying with its directive

Circular sent by NPCI stated a deadline for all UPI apps to comply post which it has the "right to decline the transactions for such non-compliant apps.”

Flipkart Payments to invest over Rs 200 crore in digital payment app PhonePe
News & Analysis

Flipkart Payments to invest over Rs 200 crore in digital payment app PhonePe

Previously, PhonePe had received Rs 83.68 crore in October, 2016 through allocation of 41.84 lakh shares at a premium of Rs 190 per share.

PhonePe has 45 percent share in all UPI transactions in August: NPCI
News & Analysis

PhonePe has 45 percent share in all UPI transactions in August: NPCI

PhonePe has nearly 45 percent of the market share in all UPI transactions across the country in August

New WhatsApp Beta version shows UPI payment feature for instant money transfer
Business

New WhatsApp Beta version shows UPI payment feature for instant money transfer

WhatsApp is already in talks with the NPCI and a few banks to facilitate financial transactions via UPI.

Bank's UPI app glitches led to fraudulent transactions, says NPCI and iSpirt, following BoM complaint
News & Analysis

Bank's UPI app glitches led to fraudulent transactions, says NPCI and iSpirt, following BoM complaint

National Payments Corporation of India (NPCI) and iSpirt have come together to put out a joint statement pertaining to the security aspect of unified payments interface (UPI)

ICICI Bank has allowed its customers to carry out UPI transactions on PhonePe
News & Analysis

ICICI Bank has allowed its customers to carry out UPI transactions on PhonePe

ICICI Bank had suspended its customers from performing any UPI transactions on the PhonePe app, which is owned by Flipkart and whose banking backend is handled by Yes Bank. According to a latest report in The Economic Times, the bank is now allowing its customers to transact on PhonePe using UPI.

Budget 2017 should give a boost to fintech startups, post demonetisation
Business

Budget 2017 should give a boost to fintech startups, post demonetisation

With the ongoing digital wave, many financial processes that were earlier paper-based are also going to convert to digital medium.

We have all the technology ingredients to accelerate our drive towards a cashless economy
News & Analysis

We have all the technology ingredients to accelerate our drive towards a cashless economy

The world is slowly warming up to the digital revolution being unleashed in India. Even trenchant critics of globalisation feel that India is doing the right thing by trying to reduce cash in daily transactions. The country is at the cusp of a breakthrough orchestrated by several initiatives all anchored to digital technology and Aadhaar.

NPCI advises ICICI Bank to open UPI transactions through PhonePe App
Business

NPCI advises ICICI Bank to open UPI transactions through PhonePe App

The national financial service UPI enables bank account holders to send and receive money from their respective smartphones without the need to enter bank account information or net banking details.