May 22, 2024 22:34 (IST)
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'I will not accept': Mamata Banerjee on Calcutta HC scrapping OBC certificates issued in Bengal after 2010 | EC slams BJP, Congress over poll speeches; says 'electoral democracy should not be weakened' | BJP suspends Bhojpuri actor Pawan Singh for contesting as an Independent candidate from Bihar's Karakat | Supreme Court dismisses former Jharkhand CM Hemant Soren's plea against ED arrest in land scam case | Pune accident: Porsche that ran over two was not registered over non-payment

NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report

New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.

NPCI International partners with Bank of Namibia to deploy India’s UPI stack in Namibia

Mumbai: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.

Rahul Kothari appointed as Razorpay's Chief Operating Officer for India and Malaysia

Mumbai: Rahul Kothari, formerly the Chief Business Officer (CBO) of Razorpay, has been appointed as the Chief Operating Officer (COO) for India and Malaysia.

Bank of Baroda Q2FY24 net profit up 28% to Rs 4,253 cr

Mumbai: State-run lender Bank of Baroda (BoB) recorded a 28.4% increase in net profit in the second quarter of the FY24 at Rs 4,253 crore, compared to the same period last year.

Bank of Baroda enables UPI LITE - Small Value on Device Wallet

Mumbai: Bank of Baroda Wednesday announced that it has enabled UPI LITE - Small Value on Device Wallet to enable users to make instant, small value digital payments with only one tap without the use of a UPI PIN.

SBI Card enables RuPay Credit Cards on UPI

New Delhi: SBI Card, India’s largest pure-play credit card issuer, and National Payments Corporation of India (NPCI) have announced the linking of SBI credit cards on the RuPay platform with UPI.

CAIT and Meta to digitize 10 million local businesses via WhatsApp Business app

New Delhi: Confederation of All India Traders (CAIT) and Meta are expanding their ‘WhatsApp Se Wyapaar’ program to digitally train and upskill 10 million local traders on the WhatsApp Business App. 

India's UPI to be available in Sri Lanka soon

New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.

RBI issues draft directions on cyber resilience, digital payment security controls for Payment System Operators

Mumbai: The Reserve Bank of India (RBI) on Friday released draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).

UPI emerges as the second most preferred repayment method for digital loans: CASHe Report

Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.

RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for non-compliance of rules

Mumbai: The Reserve Bank of India Friday said it has fined Amazon Pay (India) Private Ltd more than Rs 3.06 crore for not adhering to certain rules regarding Prepaid Payment Instruments (PPIs) and the Know Your Customer (KYC) directive.

NPCI allows NRIs from 10 nations without Indian phone nos. to use UPI facility

New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.

Cabinet approves incentives for RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)

New Delhi/IBNS: The Union Cabinet Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.

PhonePe moves domicile to India from Singapore pre IPO

Bengaluru/IBNS: FinTech platform PhonePe on Thursday announced that it has completed the process of moving its domicile to India.

NPCI and IIT Kanpur Ink MoU for knowledge sharing and research collab

The Indian Institute of Technology (IIT), Kanpur and National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) for sharing knowledge on innovative ideas and to collaborate on the development of indigenous digital payments solutions.