Upi

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Upi - Total results - 219
BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new
News & Analysis

BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new

BHIM UPI 2.0 was unveiled by the National Payments Corporation of India (NPCI) in Mumbai today.

RBI Governor Urjit Patel unveils UPI 2.0 version; will allow customers to use overdraft limit for making payments to merchants
Business

RBI Governor Urjit Patel unveils UPI 2.0 version; will allow customers to use overdraft limit for making payments to merchants

The second version of the Unified Payments Interface (UPI) will also enable customers to check the invoice sent by merchant prior to making payment

GST Council proposes cashback incentive to promote digital payments; moots pilot project
Business

GST Council proposes cashback incentive to promote digital payments; moots pilot project

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.

Digital wallet service WhatsApp Payments is being beta tested by 1 mn Indian users
News & Analysis

Digital wallet service WhatsApp Payments is being beta tested by 1 mn Indian users

WhatsApp had stated that sensitive user data such as the last 6 digits of a debit card and UPI PIN is not stored at all.

Full support for UPI payments via WhatsApp appears to be rolling out in India
News & Analysis

Full support for UPI payments via WhatsApp appears to be rolling out in India

We expect that this is a staggered rollout that will arrive to more users over the next few weeks.

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

WhatsApp claims it shares minimal data with regards to payment service with its parent Facebook
News & Analysis

WhatsApp claims it shares minimal data with regards to payment service with its parent Facebook

According to government sources, the Ministry of Electronics and IT has written to National Payment Corporation of India to verify compliance around WhatsApp payment and check if WhatsApp is sharing data with its parent firm Facebook.

WhatsApp Payments expected to roll out out next week: Here's all you need to know about the peer-to-peer payments feature and how it works
News & Analysis

WhatsApp Payments expected to roll out out next week: Here's all you need to know about the peer-to-peer payments feature and how it works

Waiting for its partners to have necessary systems in place, WhatsApp in February released its payments system in a Beta update to check its stability.

WhatsApp payments feature may be rolled out in full swing by next week: Report
News & Analysis

WhatsApp payments feature may be rolled out in full swing by next week: Report

WhatsApp who have had the feature ready for a while now has been waiting for its partners ICICI, HDFC, Axis Bank and the SBI to begin a widespread rollout.

Watch: How 30-31 May bank strike will be a boost for Digital India - #DailyDope
News & Analysis

Watch: How 30-31 May bank strike will be a boost for Digital India - #DailyDope

Bank employees are going on a strike (again) on 30 and 31 May and ATM services may get affected. Nikita Rana explores.

Paytm to invest Rs 5,000 cr over next 3 years to grow bank transfers, other payments facilities
Business

Paytm to invest Rs 5,000 cr over next 3 years to grow bank transfers, other payments facilities

Paytm is aiming to process Rs 60,000 crore in monthly bank transfers alone by the end of this year.

With native payments, it looks like Mark Zuckerberg wants to make Instagram an e-commerce platform as well
News & Analysis

With native payments, it looks like Mark Zuckerberg wants to make Instagram an e-commerce platform as well

From being labelled as ‘Snapchat copycats’ after ripping off the app’s Stories feature in 2016, Instagram has left Snapchat trailing by a massive margin.

Facebook has no plans to bring digital payments on Messenger to India yet: Report
News & Analysis

Facebook has no plans to bring digital payments on Messenger to India yet: Report

"There are currently no tests planned for recharges or peer-to-peer payments on Messenger in India," the sources told IANS.

Facebook begins beta testing a prepaid recharge feature on Messenger as it prepares to enter the payments market in India
News & Analysis

Facebook begins beta testing a prepaid recharge feature on Messenger as it prepares to enter the payments market in India

What Facebook is attempting to achieve here is to allow users to be able to buy and sell products or services without having to leave its app ecosystem.

WhatsApp's UPI based P2P payments feature will give greater momentum to the digital payments revolution
News & Analysis

WhatsApp's UPI based P2P payments feature will give greater momentum to the digital payments revolution

By going the UPI route, WhatsApp will seemingly avoid the regulatory hassles involved with setting up a payments bank or digital wallet.

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.”

WhatsApp Payment feature can disrupt mobile payments space but it still needs to address some issues
Business

WhatsApp Payment feature can disrupt mobile payments space but it still needs to address some issues

WhatsApp will have to acquire merchants which is not only a considerable task but a different ball game altogether.

Axis Bank to process payments over WhatsApp in two month's time; over 66% transactions made digitally
Business

Axis Bank to process payments over WhatsApp in two month's time; over 66% transactions made digitally

Axis Bank is working with Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments

Digital payments: Cost factor makes people fight shy of giving up on cash transactions
Business

Digital payments: Cost factor makes people fight shy of giving up on cash transactions

Out of 1500+ banks in India (including small co-operative banks), only 127 banks’ customers are doing mobile transactions while the remaining banks simply don’t offer customers a mobile-based payment system.

Google announces that its Tez payments app will now have a deeper integration with SBI
News & Analysis

Google announces that its Tez payments app will now have a deeper integration with SBI

Tez is built on the Unified Payments Interface, allowing users make payments from their bank accounts to other accounts from over 70 UPI-enabled banks.