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NPCI

The collaboration with fintech firm Magnati will enable QR-based UPI merchant payments through point-of-sale (POS) terminals across the UAE

Updated On: 15 Jan 2025 | 4:29 PM IST
Bs_logoNPCI International, UAE fintech partner to enable UPI for Indian travellers

NPCI clarified that simply opening a UPI or bank app does not approve transactions. Users must explicitly authorise payments by entering their UPI PIN for processing

Updated On: 14 Jan 2025 | 1:57 PM IST
Bs_logoNPCI clarifies misconceptions about Jumped Deposit scam, no fraud reported

The move is expected to have profound implications for WhatsApp Pay and the broader UPI market

Updated On: 01 Jan 2025 | 3:23 PM IST
Bs_logoNPCI lifts WhatsApp Pay's user cap: Know how to set up new account

Paytm share: The fall in Paytm share came after the National Payments Corporation of India (NPCI) extended the deadline to implement transaction volume cap on Unified Payments Interface (UPI) apps

Updated On: 01 Jan 2025 | 12:04 PM IST
Bs_logoWhy are Paytm shares down 4% on NSE today? Check reason here

This extension provides significant relief to market leaders PhonePe and Google Pay, which dominate UPI transactions in India

Updated On: 31 Dec 2024 | 11:54 PM IST
Bs_logoNPCI extends market cap deadline for UPI apps by two years to end of 2026

National Payments Corporation of India (NPCI) has lifted the limit from onboarding UPI users for the third-party app provider WhatsApp Pay with immediate effect. With this development, WhatsApp Pay can now extend UPI services to its entire user base in India, NPCI said in a statement. Previously, NPCI had permitted WhatsApp Pay to expand its UPI user base in a phased manner, it added. There was a cap of 100 million users which has been lifted by NPCI. With this notification, it said, NPCI is removing the limit restrictions on user onboarding on WhatsApp Pay. WhatsApp Pay will continue to comply with all existing UPI guidelines and circulars applicable to existing Third-Party Application Providers (TPAPs), it said. NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association, is an umbrella organisation for operating retail payments and settlement systems in India (IBA). NPCI governs the Unified Payments Interface (UPI) framework in India.

Updated On: 31 Dec 2024 | 6:07 PM IST
Bs_logoAs NPCI lifts limits, WhatsApp Pay can now extend UPI services to all users

This is the first step in the company's foray into consumer facing businesses

Updated On: 23 Dec 2024 | 11:23 PM IST

NPCI is looking to go live with UPI in geographies relevant to Indian tourists, such as Qatar, Thailand, and the broader Southeast Asian region

Updated On: 18 Dec 2024 | 8:30 PM IST

The apex payments body has cautioned citizens to identify such scams based on themes such as unexpected calls from alleged government officials

Updated On: 17 Dec 2024 | 7:49 PM IST

In October, the company was the 12th-largest player on UPI

Updated On: 09 Dec 2024 | 8:54 PM IST

Faced with a jump in costs and transaction failures, bank agents are demanding an upward revision of per-transaction charges to 1 per cent or Rs 21, whichever is lower

Updated On: 29 Nov 2024 | 5:36 PM IST

UPI Lite allows low-value transactions without requiring a PIN and are carried out without utilising a remitter bank's core banking systems

Updated On: 21 Nov 2024 | 1:36 AM IST

Various payment methods such as UPI, internet banking, and prepaid payment instruments (PPIs) can be used to pay bills

Updated On: 05 Nov 2024 | 7:28 PM IST

She has three decades of experience primarily in the financial services sector. She also worked with Kotak Mahindra Bank, Citi and HSBC prior to joining NPCI

Updated On: 31 Oct 2024 | 8:44 PM IST

The approval may lead to an increase in company's UPI transaction volumes

Updated On: 23 Oct 2024 | 11:14 PM IST

At Terminal 3 of New Delhi's Indira Gandhi International Airport, Delhi, only select cardholders will have access to RuPay Exclusive Lounge

Updated On: 23 Oct 2024 | 11:41 AM IST

At present, most UPI debit transactions continue to remain free, with payment-processing expenses borne by fintechs and banks

Updated On: 15 Oct 2024 | 11:20 PM IST

Earlier in the year, NIPL had agreed to develop digital payments systems for Peru and Namibia, using UPI as a blueprint

Updated On: 27 Sep 2024 | 12:40 PM IST

Earlier this year, the NIPL signed deals with the central banks of Peru and Namibia to help them build real-time payment systems similar to UPI

Updated On: 24 Sep 2024 | 6:11 PM IST

NPCI is considering increasing the allowable market share to to over 40% from the previously proposed 30% cap

Updated On: 19 Sep 2024 | 4:16 PM IST