"national-payments-corporation-of-india"

India’s digital payments platform Unified Payments Interface recorded 27% annual growth in February transaction volumes, reaching 20.39 billion, as per National Payments Corporation of India data, strengthening its global expansion and dominance over cash transactions domestically

Union Minister Nitin Gadkari announced that manual toll collection will be replaced by a nationwide electronic system within a year. The NETC program, using FASTag RFID technology, aims to provide seamless, automatic toll payments across 4,500 ongoing highway projects

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

UPI recorded over 20 billion transactions in August for the first time, marking 34 per cent annual growth. Daily transactions averaged 645 million, with Maharashtra leading in digital payments, highlighting India’s rising adoption of cashless transactions, according to NPCI and SBI data.

Currently, the transaction limit for UPI stands at ₹1 lakh for both person-to-person (P2P) and person-to-merchant (P2M) payments. However, certain P2M transactions are allowed higher limits, with some capped at ₹2 lakh and others at ₹5 lakh, depending on the use case.

Swiggy announced that users can now complete UPI transactions directly within the app, streamlining the payment process from five steps to just one. Anurag Panganamamula, Head of Revenue and Growth at Swiggy, stated, “This feature supports our mission to offer unmatched convenience, as UPI becomes a preferred payment method.”

Reporting within 1 to 3 hours increases chances of recovering lost money

Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.

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.

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.

Many corporates, government enterprises opting to establish their units in the city

RuPay is the first-of-its-kind global card payment network of India, with acceptance at ATMs, POS devices and e-commerce websites

Covering 5,314 households across 25 states with a sample designed to represent states and households across the income spectrum, the survey was aimed at understanding the awareness, adoption and use behaviour

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.

WhatsApp can expand its UPI user base in a graded manner starting with a maximum registered user base of 20 million in UPI, NPCI said.

The 'RuPay Festive Carnival' will provide benefits aimed at encouraging safe, contactless and cashless payments, NPCI said in a release.

Mumbai: The country’s largest lender State Bank of India is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said. Yono or You Only Need One App is the lender’s integrated banking platform. “We are in discussions with all our partners to hive it (Yono) off as […]