Fri, Sep 27, 2024
NPCI International Payments Ltd (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), said on Friday that it had entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform.
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Wed, Aug 28, 2024
Credit cards are expected to reach 200 million by 2028-29, the PwC India report said, adding that newer feature innovations, product propositions and customer segments are expected to contribute towards this growth.
Mon, Aug 19, 2024
The National Payments Corporation of India (NPCI) - responsible for the development and operation of payment systems in the country - is all set to introduce a new method of making UPI transactions. Unlike traditional methods like Scan & Pay or Pay to Contact, UPI Tap & Pay uses NFC technology instead of a camera to complete transactions, making your transactions not only easier but also faster and more secure.
Mon, Aug 12, 2024
Fake UPI apps imitating popular platforms like GPay, PhonePe, and Paytm are reportedly circulating on app stores. Fraudsters are targeting small traders and daily wage workers, especially those who do not use sound boxes—a device that helps merchants confirm digital payments easily. Here's how to detect them and how to be safe.
Thu, Jun 13, 2024
Both HMD 105 and 110 come with a variety of multimedia features, voice assistance and large displays with enhanced clarity and visibility.
Fri, Jun 07, 2024
Amid this market turmoil, reports emerged suggesting that many mutual fund investors, aiming to capitalise on election result day, inadvertently incurred losses due to delayed orders. Various publications indicated a possible glitch within the mutual fund system of the Bombay Stock Exchange (BSE), resulting in orders being executed the following day after market recovery had commenced. However, BSE promptly refuted any responsibility for the alleged malfunction.
Sat, May 11, 2024
As India's digital and less-cash journey gains steam, more and more people are not only purchasing their daily essentials via unified payments interface (UPI) mode of digital transactions but also costly home appliances, high-end gadgets and designer apparels, among other things.
Wed, Nov 01, 2023
Over 11 billion transactions worth Rs 17.16 lakh crore via Unified Payments Interface (UPI) took place in October, the National Payments Corporation of India (NPCI) said on Wednesday.
Fri, Jul 28, 2023
Digital payments in India witnessed a phenomenal rise in FY23, with the RBI-DPI index reaching 395.58, a remarkable 13.24% surge from Sept 2022. Watch how UPI transactions are set to hit 1 billion daily by 2026-27, revolutionising India's payment landscape.
Mon, May 29, 2023
Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Will UPI Bring Global Financial Revolution in India? To know, watch this exclusive conversation with Mr. Madhusudan Ekambaram, Founder Director, FACE.
A report by PwC India reveals that UPI transactions in India are set to reach a remarkable milestone of 1 billion per day by 2026-27, dominating the retail digital payments landscape with 90% of total transactions. The Indian digital payments market experiences explosive growth, while credit cards continue to thrive, surpassing debit cards by FY25.
Wed, Oct 05, 2022
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments.
Sat, Oct 01, 2022
UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday.
Mon, Dec 27, 2021
IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) to offer real-time cross-border remittances to India using UPI IDs, for its money transfer operator (MTO) partners, the bank said in a statement on Monday.
Wed, Aug 07, 2019
Earlier there were specific time and period imposed when you could carry out NEFT transactions.
Sun, Nov 19, 2017
The transaction volume at all points of sale (POSes) clipped higher by 86% to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.
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