If you have a UPI (Unified Payments Interface) account with any of the popular apps such as Google Pay, Phone Pay or Paytm, and have not been able to use it for a year or longer for any reason whatsoever, then it is set to get deactivated from Jan 1 onwards. This will be done as …
This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the frauds of ₹one lakh and above. Most of these frauds in banking transactions relate to ‘advances’. Out of ₹45,598 crore, frauds related to advances are valued at ₹43,512 crore and …
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, …
ICICI Bank has recently announced the integration of its RuPay credit cards with UPI transactions in order to improve the convenience of payments for its customers. This integration allows ICICI Bank customers to effortlessly link their RuPay credit cards to UPI and make Person-to-Merchant (P2M) transactions both online and offline with ease and security. This …
“If a customer has a credit card on networks such as MasterCard or Visa and wants a Rupay equivalent to make UPI payments, they can ask the bank for a virtual card,” said Frederick Dsouza, business head-credit card, Kotak Mahindra Bank. Most banks are offering virtual only card option now. It is a separate card …