The NPCI is likely to review its decision to implement a 30 per cent cap on the market share of payment players offering Unified Payments Interface (UPI) services by the end of 2024, reported Business Standard. As of now, the deadline to bring this change remains unchanged i.e., December 2024. “There is still time for …
The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to …
The National Payments Corporation of India (NPCI) has started the process to deploy ‘UPI Tap and Pay’ across digital payment providers soon after the apex body released details on the feature’s roll out, reported Business Standard. Unified Payments Interface (UPI) members can go live with the UPI Tap and Pay functionality by January 31, 2024, …
The Finance ministry has taken a serious notice of the recent major issue at UCO Bank and the rising cases of bank frauds in the country. The ministry and the parliamentary panel on ICT have decided to look into and tackle the matter. Financial services secretary Vivek Joshi will hold key consultations on the matter …
The National Payments Corporation of India (NPCI) issued the guidelines on November 7, 2023, regarding the deactivation of Unified Payments Interface (UPI) IDs, UPI numbers, and phone numbers of Customers who have not performed any financial or non-financial transactions (balance inquiry, PIN change, etc.) for one year from any Third Party Application Providers (TPAPs) or PSP …
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. Starting 10 August 2023, SBI Card customers will be able to make UPI transactions through their credit cards issued on RuPay. The functionality can be availed …