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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.

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 central bank has barred Paytm Payments Bank from accepting further credits into its customer accounts and wallets after March 15, 2024.

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.

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.

The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions.

According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.

This would be a 10-time growth over the 10 billion transactions achieved by the 2016-launched platform in August

UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore.

Our startups are unable to grow as global giants and appear to remain content with producing unicorns and a few decacorns

Users can link their RuPay credit card with Google Pay to make payments at both online and offline merchants where RuPay credit cards are accepted.

The NPCI proposal was aimed at increasing revenue for banks and payment service providers, who have been struggling with the high cost of UPI transactions

Additionally, there are no charges for the bank account to bank account based UPI payments (normal UPI payments).

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday while addressing the Global Fintech Fest in Mumbai said that India has led the way towards an inclusive financial world through digital payments. She said the National Payments Corporation of India (NPCI) was taking the UPI platform internationally, helping countries to create their own payment systems and […]

Arif Khan will lead the banking, risk management, regulatory affairs and public policy teams at Razorpay.

The country is rapidly moving towards a cashless economy as digital transactions have made life easier by eliminating the need of travelling to pay cash. Just log on to the internet and NEFT or RTGS transactions are completed via a short-term payment called the Unified Payment Interface (UPI), offered by the National Payment Corporation of […]

Hyderabad: A video of a kid, who was apparently scanning the FASTag with his smart watch, while cleaning the windscreen of the car is doing rounds on the social media. As explained by the driver, the kid scanned the FASTag sticker on the windscreen with his watch to wipe out money from the Paytm wallet. […]

The Aadhaar Enabled Payment System is developed by NPCI that allows people to carry out financial transactions by furnishing just their Aadhaar number and verifying it with the help of their fingerprint/iris scan. Any bank customer who has their Aadhaar as their identity can access their respective Aadhaar-enabled bank account and perform basic banking transactions […]

New Delhi: In a major flip to Meta CEO Mark Zuckerberg to make deeper inroads into the Indian digital payments ecosystem, the National Payments Corporation of India (NPCI) has approved an additional 60 million users on unified payments interface (UPI) for WhatsApp. With this approval, WhatsApp will now be able to expand the service to […]

Hyderabad: Telangana topped the country in creating the best business environment, according to the NITI Aayog’s second edition of Export Preparedness Index (EPI)-2021. A robust business environment attracts investment in any region. In this category, Telangana has shown the best performance with a score of 100, while neighbouring Andhra Pradesh scored 99.61 and Gujarat 99.5. […]