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Hyderabad: Many do not mind going out without carrying any cash on person. They believe they can just scan and pay through the UPI for all purchases they make. UPI is a convenience and is free. But that might change soon and there might be a fee to pay on UPI transactions. The RBI on […]
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Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]
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New Delhi: India is attempting several big reforms in the technology sector to allow local businesses thrive amid anti-market practices from Big Tech and according to Shireesh Joshi, Chief Business Officer (CBO) and President, Network Expansion for the Open Network for Digital Commerce (ONDC), the goal is to create population-scale inclusion of e-commerce in the country. […]
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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 […]
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Paris: Upbeat with India being recognized as the “country of the year” at Europe’s biggest start-up conference – Vivatech 2020, an Indian diplomat in France said that India’s Unified Payments Interface (UPI) and Rupay cards will soon be accepted in France. In an exclusive interview with ANI, Jawed Ashraf, Indian Ambassador in France, said, “India […]
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Bengaluru: Accelerating its journey in creating a one-stop payment platform, fintech company Slice on Thursday launched the integration of unified payments interface (UPI) into its app for all its existing and waitlisted users. Following its trial in 2021, the company said it is now rolling out the integration in a phased manner for its users. […]
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Hyderabad: Digital payment solutions company XPay.Life announced plans to offer UPI and services for Hyderabad market. It is working to digitise payment methods and also provide customers with more options to pay bills at their convenience. The digitisation efforts will also provide opportunities to local entrepreneurs. It offers point of sales machines where customers can […]
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Hyderabad: After the success of the pilot project to accept payments via UPI, QR Codes at Mahatma Gandhi Bus Station (MGBS) and Rathifile Bus Station, Secunderabad, Telangana State Road Transport Corporation (TSRTC) now launched the same service at Jubilee Bus Station from Tuesday.Passengers will be able to pay for ticket reservations, buy or renew their […]
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Hyderabad: Telangana State Road Transport Corporation (TSRTC) has undertaken a new pilot project and has started accepting payments via UPI and QR Codes from Tuesday. These services will only be available at Mahatma Gandhi Bus Station (MGBS) and Rathifile Bus Station, Secunderabad. At MGBS, passengers will be able to pay for ticket reservations as well […]
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Says cyber crooks swindling people using fake identity cards of Army and other paramilitary forces
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In August, the number of banks live with UPI grew to 249 from 235 in July, while the 3.55 billion transactions valued at Rs 6,39,116 crore was recorded. In the last one year – i.e.
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The Noida-based firm, which had an astonishing rise after demonetisation in 2016, is betting on financial services, commerce and payments as three key focus areas.
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India has made a significant progress on retail payment systems such as UPI, RuPay, BHIM, NACH, IMPS, Fastag, BBPS, *99#, CTS & AePS
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Lack of understanding of app-based payment services and UPI among the public is helping fraudsters fleece innocent people
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After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.
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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.
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Anil Pinapala, Founder and CEO of Vivifi, said Flexpay will allow customers purchase offline by scanning any UPI QR code or a UPI ID. It will facilitate credit to all salaried and self-employed so that they can purchase the products or services even when they are out of money.
