Page 6 - Upi

ICICI Bank enables UPI payments in India for NRIs via int'l mobile numbers

ICICI Bank on Monday announced that it has enabled instant payment facility UPI for its non-resident Indian (NRI) customers in India through their international mobile numbers. According to the bank, this will significantly enhance convenience of making everyday payments. "With this facility, the NRI customers of the bank can make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account held with ICICI Bank in India," a statement released here by the bank said. According to the statement, the bank has made this service available through its mobile banking app iMobile Pay. Earlier, NRIs had to register an Indian mobile number with their bank accounts to make UPI payments across 10 countries, namely, the USA, UK, UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia. NRI customers of the bank can make UPI payments by scanning any Indian QR code, send money to a UPI ID

India, Ghana agree for operationalisation of UPI on Ghana interbank systems

India and Ghana are working to link their payment systems - Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers on a reciprocal basis. The two countries have also delved into discussions regarding the possibilities of a Memorandum of Understanding on Digital transformation Solutions; Local Currency Settlement System and the opportunities offered by African Continental Free Trade Agreement (AfCFTA). "They agreed to work expeditiously towards the operationalisation of NPCI's (National Payments Corporation of India) UPI on Ghana's GHIPSS within a period of 6 months," the Department of Commerce said on the social media platform X (formerly twitter). India's UPI has already reached countries including Singapore and the UAE. Talks are also on with Nigeria for the same. These issues were discussed during the visit of a seven-member Indian delegation led by Additional Secretary i

NPCI, Bank of Namibia ink an agreement to develop UPI-like system

The development follows NPCI's push to take UPI rails international after breaking into other markets such as France, Sri Lanka, Singapore, and Mauritius

NPCI inks pact with Bank of Namibia for developing UPI-like payment system

NPCI on Thursday said its overseas arm has signed a pact with the Bank of Namibia (BoN) for developing a UPI-like instant payment system for Namibia. By leveraging technology and experiences from India's UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability and connectivity with both domestic and international payment networks, and interoperability. NPCI International Payments Limited (NIPL) has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia, a statement said. This strategic partnership aims to enhance digital financial services and bolster real-time Person-to-Person (P2P) and Merchant payment transactions (P2M) in the African nation. Through this collaboration, BoN will gain access to best-in-class technology and insights from NIPL, enabling the creation of a similar platform in Namibia for the ...

Groww & Worldline join growing club of India's online payment aggregators

This year, major players such as Amazon Pay, Digio, CCAvenue, Decentro, MSwipe, Tata Pay, Zoho, Zomato, among others, received a final nod from the regulator to operate as payment aggregators

Know more about interchange fee as NPCI considers policy change for UPI

Currently, there is no defined interchange fee for credit lines on UPI by NPCI

E-commerce market to hit $325 billion by 2030, rural India to lead growth

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and a robust, low-cost internet penetration

CRED to roll out payment checkout terminals to merchants this year

The devices will be interoperable and UPI users can pay through the checkout terminals using any application

Razorpay forays into UPI infrastructure space, offers UPI Switch

Razorpay plans to offer the service to more banks in the future, the company's chief executive officer (CEO), Harshil Mathur said

Paytm unveils Made-in-India soundboxes for UPI, credit card on UPI payments

Paytm on Monday launched two Made-in-India soundboxes for UPI and credit card on UPI payments. Paytm founder and CEO Vijay Shekhar Sharma said that the advanced soundboxes offer better sound quality and battery life, making them better suited to Indian conditions. The need for these hybrid soundboxes was felt in the backdrop of a high-noise environment in India, Sharma said describing the evolution of the company's soundbox offerings as 'legitimate India innovations'.

Paytm to migrate users to new UPI IDs; here is what it means for you

PhonePe, Google Pay creating a duopoly in India's UPI space? NPCI to check

Google Pay and PhonePe, together account for 86% of UPI transactions by volume in India and are also expanding to offer UPI services abroad

Amazon Pay explores credit on UPI through collaboration with NPCI

NPCI recently unveiled new features for UPI-linked RuPay credit cards, including EMI facilities, UPI AutoPay for credit card bill settlements, and enhanced credit limit

Watch: How to get cash delivered to your doorstep

Subscription traps to hidden charges: Dark patterns are plaguing the UPI boom

62% of respondents fell victim to bait-and-switch tactics. Here, platforms lure users with cashback offers that are never actually delivered after completing transactions

RBI adds more features to UPI: Soon, you can deposit cash at ATMs via UPI

Indians love UPI, credit cards, and these payment apps

Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI

It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets

Rupay credit card users can apply EMIs via UPI app

Indian travellers can now use PhonePe to make payments via UPI in Singapore

Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board. The collaboration has been built upon the existing Unified Payments Interface (UPI) linkage between India and Singapore, which allows customers to instantly make cross-border transactions between the two countries directly from their existing Indian bank accounts. "Singapore Tourism Board (STB) and PhonePe enter a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore," PhonePe, a decacorn, said in a statement. Privately-held companies with a valuation of over USD 10 billion are termed as decacorn. As part of the partnership, STB and PhonePe will invest in joint marketing efforts across India and Singapore, to promote seamless UPI experiences across key tourism hotspots. "This partnership exemplifies our dedication to enhancing the Singapore visitor experience for discerning, tech-savvy