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National Payments Corporation of India News
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NPCI, which operates UPI, has issued a circular to ensure consistent customer experience across Interest Bearing Credit Lines. Here are the details.
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Even as Digital payments have made everyday transactions faster, easier, and more accessible for millions of users across India, there are several tips for safely using it.
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This partnership aims to improve the overall safety of digital transactions by focusing on training, awareness, and proactive risk management.
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In a circular issued on 8 April 2025 NCPI announced that effective 4 April 2025 all QR share and pay-based international UPI transactions for Person to Merchant (P2M) payments have been disabled.
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Stricter rules will be followed in toll plazas for FASTag that kick in from 17 February 2025.
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The NPCI nod is expected to come as a relief to Paytm, which had suffered a blow following the Reserve Bank of India's restrictions earlier this year on associate company Paytm Payments Bank Limited (PPBL) in onboarding new UPI users on the Paytm app.
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Both the NPCI and the Reserve Bank of India (RBI) are exploring new use cases for UPI and extending its reach into the rural economy.
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Users can transfer funds using just a mobile number and the recipient's bank account name.
The NPCI issued a circular on October 31, 2023.
It allows for 24x7 instant domestic funds transfer through various channels.
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The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India.
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The facilitation fee of 0.3 per cent can generate around Rs 5,000 crore in 2023-24, said the study titled 'Charges for PPI-based UPI payments--The Deception'.
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Will customers have to pay interchange charges on on unified payment interface (UPI) transactions above Rs 2,000? Read what NCPI said.
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The present cap on such vouchers is Rs 10,000.
The enhancement is expected to further facilitate the delivery of various government schemes.
The e-RUPI pre-paid digital voucher is developed by the National Payments Corporation of India.
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e-RUPI is a cashless and contactless instrument for digital payment
It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries
It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services
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The total number of transactions stood at 2.64 billion during the month, down by 3.3 percent from 2.73 billion in March.
UPI had recorded 2.73 billion or 273 crore transactions which amount to Rs 5,04,886 crore in March.
PhonePe, Google Pay, and Paytm control the maximum market share (90%).
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From now onwards, anyone can withdraw cash from the ATM without a Debit Card by just scanning the QR Code through the UPI App.
As per a report, the company has partnered with the National Payments Corporation of India (NPCI) and City Union Bank to launch this facility. More than 1,500 ATMs have been upgraded to this service, while they are looking to upgrade more ATMs rapidly.
To describe this process, users will have to first open any UPI app (GPay, BHIM, Paytm, Phonepe, Amazon) on the smartphone and scan the QR code shown on the ATM screen.
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Check status for pending transactions.
Raise complaint for non-processed transactions.
Raise complaint for merchant transactions.
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All merchant payment settlements were restored by Friday noon and all consumer wallet, credit and debit card payments were restored by 3 pm, the company said in a statement.
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BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
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The K9 Kavach 4G is powered with finger touch sensors in securing other applications and access to phone.
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The IT ministry has reached out to key stakeholders like RBI, National Payments Corporation of India, NIC and UIDAI (Aadhaar) to advise them to protect their systems against 'Wanna Cry' ransomware to ensure that the digital payments ecosystem in the country is protected.
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