Npci

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  NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID

  The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.

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  UPI Transaction IDs With These Characters Will Be Blocked From February 1 - Here's How To Avoid It

  UPI Transaction IDs: The circular, dated January 9, advised UPI ecosystem players to generate UPI transaction IDs using only alphanumeric characters to ensure compliance with UPI technical specifications.

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  India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay

  India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).

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  Paytm Gets Approval from NPCI to Enroll New UPI Users

  Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.

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  UPI Transaction Limit Increased To Rs 5 Lakh For These Payments

  The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.

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  UPI Circle Launched: What Is It, How Does It Work And Other Details

  The National Payments Corporation of India (NPCI) has launched a new feature called "UPI Circle", aimed at enhancing digital payment accessibility.

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  India’s IT Ministry Launches an Array of Blockchain Stacks for Developers to Explore Usecases: Details

  MeitY, this week, unveiled a suite of blockchain platforms aimed at empowering Indian developers to build secure, transparent, and reliable digital solutions. For these varied use cases, the MeitY has launched – Vishvasya, NBFLite, and Praamaanik blockchain system.

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  UPI Circle Feature With Access to Secondary User Payments Rolled Out in India by NPCI

  UPI Circle, the latest innovation in Unified Payments Interface (UPI) was rolled out by the National Payments Corporation of India (NPCI) last week. The feature allows UPI users to enable trusted people by letting them have access to their accounts. This way, those even without a UPI account can make transactions with the payment instrument.

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  Google Pay Announces UPI Circle, UPI Vouchers and More Features at Global Fintech Fest 2024

  Google Pay, the Unified Prepaid Interface (UPI) payments app, announced new features at the Global Fintech Fest (GFF) 2024. The company said that these new features, which will be rolled out later this year, will make it easier for users to make payments and transact through the app. Some of the features announced at the GFF include UPI Circle, UPI...

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  Airtel Payments Bank Smartwatch With RuPay Chip Launched in India in Partnership With Noise and NPCI

  Airtel Payments Bank Smartwatch was introduced as National Common Mobility Card-enabled option in collaboration with Noise and NPCI at the Global Fintech Fest 2024 on Wednesday. The device, dubbed, the Airtel Payments Bank Smartwatch, comes with an integrated RuPay chip that enables transactions from the user’s wrist. It has been launched as a pa...

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  Swiggy UPI Backed by NPCI Launched in India for Faster Payment Experience: Features

  Swiggy UPI was launched in India on Wednesday. The on-demand food delivery services platform has collaborated with the National Payments Corporation of India (NPCI) to roll out its UPI plug-in solution that aims to improve the payment experience by reducing the number of steps it takes to complete a transaction and making the whole process quicker.

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  Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions

  The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months

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  UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI

  UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...

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  Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body

  Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.

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  NPCI International Collaborates With Qatar National Bank to Launch QR Code-Based UPI Payments

  NPCI International Payments Limited (NIPL), the international arm of the payments organisation, has signed an agreement with Qatar National Bank (QNB) to launch QR code-based Unified Payments Interface (UPI) payments across the country. With this move, Indian tourists and travellers can scan QR codes to make UPI payments across multiple retail touc...