SBI launches BHIM SBIPay for Singapore-India fund transfers after UPI-PayNow linkage
Mumbai/IBNS: The State Bank of India (SBI), India’s largest lender, will facilitate funds transfer to Singapore through its SBI's BHIM SBIPay mobile application, the bank said on Wednesday.
Axis Bank enables settlement of cross border transactions in real-time through UPI network
New Delhi: Private bank lender Axis Bank on Tuesday said it has successfully enabled cross-border transactions in real-time via the UPI Network.
HDFC Bank RuPay Credit Cards now live on UPI
Mumbai/IBNS: HDFC Bank and National Payments Corporation of India (NPCI) Thursday said the bank's customers will be able to use their RuPay Credit Card on UPI with BHIM App and other UPI-enabled apps.
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.
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.
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.
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.