June 24, 2024 00:49 (IST)
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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.

UPI transactions witnesses 650 pct rise at semi-urban and rural stores: PayNearby

New Delhi: PayNearby,a branchless banking and digital network,on Tuesday said that there was a growth of 25 percent and 14 percent in value and volume respectively, in assisted financial transactions across semi-urban and rural retail counters in India in 2022.

NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr

New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.

76 pc Indians likely to use UPI as a payment mode during online checkouts: FIS Research

New research from financial services technology company FIS has revealed Indians’ willingness to adopt embedded finance, such as embedded payments, and explore various offerings in the Metaverse.

No plan to levy charges for UPI fund transfers, says Union Finance Ministry

New Delhi: The Finance Ministry on Sunday said that the government has no plans to levy any charges for UPI (Unified Payments Interface) transactions.

Reserve Bank of India allows credit card linking with UPI

Mumbai: The Reserve Bank of India (RBI) on Wednesday announced that credit cards will be linked to the UPI accounts.

Are You a Feature Phone User? Here is how to use UPI 123PAY via IVR number and become digitally empowered

Feature phone users can transfer money through 123PAY using IVR (interactive voice response).

IDFC Mutual Fund pioneers SIP registration through UPI autopay

Mumbai: In an industry-first initiative, IDFC Mutual Fund enabled UPI AutoPay, an NPCI initiative, allowing mutual fund investors to use their existing UPI applications (i.e. Google Pay, PhonePe, Paytm, BHIM, Amazon Pay, etc.) to create a mandate for autopay facility for their Systematic Investment Plans (SIPs) investments, encouraging savers to invest regularly through a convenient platform.

IndusInd Bank partners with NPCI to offer cross-border payments via UPI

Kolkata: IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.

RBI increases UPI transaction limit, announces measures to increase the scope of digital transactions

Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.

UPI transactions have moved up 70 times in last 4 years: Report

New Delhi/UNI: UPI transactions in the country have jumped 70 times in the past four years, a report said on Monday.

Airtel Payments Bank launches ‘Pay to Contacts’ for UPI payments

New Delhi/UNI: Airtel Payments Bank has launched ‘Pay to Contacts’ which allows customers to initiate a UPI payment just by selecting the receiver’s mobile number from their phonebook.

Kotak Mahindra Bank launches payment app for customers

Kolkata/IBNS: Kotak Mahindra Bank (KMBL) Thursday announced the launch of ‘Pay Your Contact’ – an innovative feature on KMBL’s mobile banking app that uses the Unified Payments Interface (UPI) platform and allows customers to send money or make payments to any of their contacts across all payment apps by entering the beneficiary’s mobile number.

NPCI report shows Paytm Payments Bank leads India's beneficiary banks according to March data

Kolkata/IBNS: According to the latest report by the National Payments Corporation of India (NPCI), Paytm Payments Bank Ltd (PPBL) has emerged as the largest beneficiary bank ahead of all major banks in the country.

BharatPe hits new high with 106 million monthly transactions in UPI in Mar 2021

Kolkata/UNI: BharatPe, one of India's fastest-growing fintech companies, has announced that it has achieved a big milestone by clocking 106 million transactions/ month in the UPI QR payments category in March 2021.