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Viyona Fintech has received NPCI approval to operate as a Third Party Application Provider, enabling it to offer UPI services with partner banks. Through its GRAAMPAY platform and new Farmers Marketplace, Viyona aims to support rural and urban financial inclusion
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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
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Recipient in India can receive remittances from Singapore in their accounts through their preferred UPI-enabled apps such as BHIM, Google Pay and PhonePe
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NPCI and IDRBT will jointly offer specialised training programmes for technology and cyber security professionals in the banking and digital payments sectors
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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
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The rollout of BHIM 3.0 will take place in phases, with full availability expected by April
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Relief to major players like PhonePe and Google Pay as they hold 80 per cent share in UPI transactions
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WhatsApp Pay can now extend UPI services to its entire user base in India
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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.
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Will have positive impact on archipelago nation's tourism sector, says External Affairs Minister S Jaishankar
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Reporting within 1 to 3 hours increases chances of recovering lost money
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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.
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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.
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The central bank has barred Paytm Payments Bank from accepting further credits into its customer accounts and wallets after March 15, 2024.
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Many took to social media to report that they have been facing issues while making payment via UPI apps like Google Pay, PhonePe and BHIM.
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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.
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The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions.
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According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.
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This would be a 10-time growth over the 10 billion transactions achieved by the 2016-launched platform in August
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UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore.