The NPCI will enforce new UPI rules from August 1, limiting balance checks, restricting auto-pay timings, and capping reversal requests. The changes aim to ease network congestion, enhance transaction security, and improve the user experience across payment apps
Recipient in India can receive remittances from Singapore in their accounts through their preferred UPI-enabled apps such as BHIM, Google Pay and PhonePe
NPCI and IDRBT will jointly offer specialised training programmes for technology and cyber security professionals in the banking and digital payments sectors
Merchant Discount Rate is the cost paid by a merchant to a bank for accepting payment from their customers via digital means. Finance Ministry’s clarification comes following reports that the government is planning to impose MDR on large-ticket UPI transactions
Digital payments are now widely available across the country, propelling India toward a digital-first economy. While they provide both security and convenience, it is essential to use them responsibly and remain vigilant against online scams. Recognizing potential scams early can safeguard you and your loved ones, contributing to a safer and more secure less-cash economy for all.
The NHAI's mandate is aimed at making collection process easy at toll plazas and curbing misuse of FASTags as part of the 'One vehicle, One FASTag' initiative.
According to the central bank's notification, National Payments Corporation of India (NPCI) has been asked to examine the use of UPI channel to allow Paytm to continue operations.
The National Payments Corporation of India (NPCI) has applied for environmental clearance for the construction of a new office building at Narsingi in Ranga Reddy district.
