NCPI News
In a notification, the NPCI has said that banks will initiate the first check transaction status API after 90 seconds from the initiation/authentication of the original transaction.
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.
As per NPCI circular, banks will implement the following changes pertaining to UPI users and UPI transactions. Check them out.
As per latest NPCI circular, banks will implement the following changes pertaining to UPI users. Check them out.
NCPI latest circular mentions that the mobile numbers which have been disconnected or surrendered i.e., churned mobile numbers, have to be updated on the banks' their database at regular intervals.
A chargeback is a UPI transaction that is reversed by the payer's bank because of a dispute, fraud, or technical issue. When the chargeback is successful, the payer receives their money back.
NCPI has said that it encourages users to continue using UPI with confidence, assured by its robust, built-in security features that makes it both secure and reliable.
Check list of UPI-powered applications that support international merchant payments in countries outside India.
The Paytm update comes months after the Reserve Bank of India's regulatory freeze on UPI.
NCPI has said that with this new feature, the UPI LITE balance will automatically be reloaded by an amount chosen by the user, not exceeding the UPI LITE Balance limit, whenever the balance falls below a maximum limit set by them.
This facility can be accessed by users of BHIM, PhonePe, Paytm, Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India apps.
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'.
Will customers have to pay interchange charges on on unified payment interface (UPI) transactions above Rs 2,000? Read what NCPI said.
Polling for the Tripura assembly elections began amid tight security at 7 am. Former CPI (M) leader and MLA Moboshar Ali will contest for the BJP against Congress state chief Birajit Sinha and AIT's Md. Abdul Matin, scroll down for the latest updates.
UPI 123PAY is a payment facility through a pre-defined IVR that enable customers to make financial transactions with or without an internet connection.
AePS allows Aadhaar card holders with linked bank accounts to conduct transactions swiftly and easily. Only the bank name, Aadhaar number, and fingerprint are required.
UPI is instant payment system.
It is developed by NPCI.
It is an RBI regulated entity.
RBI guideline on failed transaction.
Reversal on failed UPI transaction.
Year end closing transaction failures.
NPCI urged all customers to not believe in such stories.
NPCI said, continue to perform uninterrupted and convenient UPI transactions.
NPCI was incorporated in 2008.
The K9 Kavach 4G is powered with finger touch sensors in securing other applications and access to phone.
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