The National Payments Corporation of India (NPCI), the government-owned body that governs the Unified Payments Interface (UPI), reportedly held a meeting to discuss ways to empower new players in the UPI ecosystem. According to a report in Economic Times, several new third-party payments apps on UPI are being nudged by NPCI to invest and incentivise …
Image Credits: Nasir Kachroo / NurPhoto / Getty Images The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google …
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on X, formerly Twitter. “We have received approval from @NPCI_NPCI to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.” Now, officially …
UPI in Nepal: UPI will now be operational in Nepal as well, National Payments Corporation of India (NPCI) announced. The move will help UPI users to scan QR codes for payments while travelling to Nepal as the NPCL said, “NPCI International Payments Ltd (NIPL), the international division of the National Payments Corporation of India (NPCI), …
Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within 10 seconds, regardless of the date or time of day. …
India’s apex bank Reserve Bank of India (RBI) may finally have some ‘good news’ for Paytm Payments Bank. According Reserve Bank of India (RBI), India’s banking regulator, has suggested the National Payments Corporation of India (NPCI) to consider Paytm’s proposal to become a platform for peer-to-peer payments. This move indicates a possible softening of the …
The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app after RBI placed business restrictions on Paytm Payments Bank, RBI …
The Reserve Bank of India (RBI) advised the National Payments Corporation of India (NPCI) on Friday, February 23, to examine Paytm’s request to become a third-party application provider for unified payments interface (UPI) payments. “NPCI has been advised by the RBI to examine the request of One97 Communication to become a third-party application provider (TPAP) …
Modi posted on X saying, âThe launch of India’s UPI services in Sri Lanka and Mauritius underscores the robust linkages between our countries.â Here’s a list of the countries that have started accepting payments through UPI: 1 – Bhutan (UPI) NPCI International Payments Ltd (NIPL), the international arm of National Payment Corporation of India (NPCI) …
The Finance ministry has taken a serious notice of the recent major issue at UCO Bank and the rising cases of bank frauds in the country. The ministry and the parliamentary panel on ICT have decided to look into and tackle the matter. Financial services secretary Vivek Joshi will hold key consultations on the matter …