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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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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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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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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
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Google Pay to Roll Out SoundPod With Audio Alerts to Merchants in India After Year-Long Pilot
Google SoundPod is coming to merchants in India in the coming months, the company said on Thursday. After a year-long limited pilot, the company revealed that it is bringing its device for payment alerts to merchants in the country, along with cashback offers. Google's SoundPod will compete with soundboxes from rivals like PhonePe and Paytm.
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RBI Increases UPI Lite Transaction Limit to Rs. 500, Proposes AI-Powered ‘Conversational Payments’
RBI Governor Shaktikanta Das announced an increase in UPI Lite transaction limit to up to Rs. 500 in offline mode. Besides, a few other features including conversational payments and NFC support on UPI have also been proposed to make transactions more seamless. UPI Lite was first introduced in September 2022 with a transaction limit of up to Rs. 20...
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RBI Raises Per Transaction Limit For UPI Lite To Rs 500 From Rs 200
Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to further deepen the reach and use of digital payments in the country.
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Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
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RuPay Card, UPI Can Now Be Used for E-Commerce Payments Globally
NPCI International has executed a definitive agreement with digital payments infrastructure provider PPRO to offer Indian customers a platform for hassle-free e-commerce payments globally. The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients.
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NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline
NPCI is said to be in talks with the RBI to implement its proposed December 31 dealine to limit payment app providers' volume cap to 30 percent. The corporation in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, but ga...
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UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
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UPI to Provide Hassle-Free QR Code-Based Transactions to Indians in UK
UPI will foray into the UK market starting with QR code-based transactions. For this, the NPCI International Payments Limited (NIPL) has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK. NPCI said over 5 lakh Indians, including over 1 lakh students, travel to the UK...
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RBI Proposes To Increase UPI Transaction Limit For IPOs To Rs 5 Lakh
RBI proposed to increase UPI transaction limit for investing in Initial Public Offerings to Rs 5 lakh from its current limit of Rs 2 lakh.
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WhatsApp Payments Cashbacks Seen Rolling Out to Android, iPhone Beta Users in India: All Details
WhatsApp features tracker WABetaInfo reports the arrival of cashback on WhatsApp Payments. It was spotted by an Indian follower Vipin who received a certain amount of cashback after sending payments to five contacts. The tracker notes that this may be a limited promotion to encourage more users to try WhatsApp Payments and claims that it may end in...
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India’s UPI Reaches Bhutan as NPCI’s Overseas Arm Enables UPI-Based Payments in the Neighbouring Country
NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), has come into a partnership with Bhutan’s central bank Royal Monetary Authority (RMA) for enabling QR-based UPI transactions in the country.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
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.
-
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...
-
RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
-
Google Pay to Roll Out SoundPod With Audio Alerts to Merchants in India After Year-Long Pilot
Google SoundPod is coming to merchants in India in the coming months, the company said on Thursday. After a year-long limited pilot, the company revealed that it is bringing its device for payment alerts to merchants in the country, along with cashback offers. Google's SoundPod will compete with soundboxes from rivals like PhonePe and Paytm.
-
RBI Increases UPI Lite Transaction Limit to Rs. 500, Proposes AI-Powered ‘Conversational Payments’
RBI Governor Shaktikanta Das announced an increase in UPI Lite transaction limit to up to Rs. 500 in offline mode. Besides, a few other features including conversational payments and NFC support on UPI have also been proposed to make transactions more seamless. UPI Lite was first introduced in September 2022 with a transaction limit of up to Rs. 20...
-
RBI Raises Per Transaction Limit For UPI Lite To Rs 500 From Rs 200
Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to further deepen the reach and use of digital payments in the country.
-
Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
-
RuPay Card, UPI Can Now Be Used for E-Commerce Payments Globally
NPCI International has executed a definitive agreement with digital payments infrastructure provider PPRO to offer Indian customers a platform for hassle-free e-commerce payments globally. The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients.
-
NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline
NPCI is said to be in talks with the RBI to implement its proposed December 31 dealine to limit payment app providers' volume cap to 30 percent. The corporation in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, but ga...
-
UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
-
UPI to Provide Hassle-Free QR Code-Based Transactions to Indians in UK
UPI will foray into the UK market starting with QR code-based transactions. For this, the NPCI International Payments Limited (NIPL) has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK. NPCI said over 5 lakh Indians, including over 1 lakh students, travel to the UK...
-
RBI Proposes To Increase UPI Transaction Limit For IPOs To Rs 5 Lakh
RBI proposed to increase UPI transaction limit for investing in Initial Public Offerings to Rs 5 lakh from its current limit of Rs 2 lakh.
-
WhatsApp Payments Cashbacks Seen Rolling Out to Android, iPhone Beta Users in India: All Details
WhatsApp features tracker WABetaInfo reports the arrival of cashback on WhatsApp Payments. It was spotted by an Indian follower Vipin who received a certain amount of cashback after sending payments to five contacts. The tracker notes that this may be a limited promotion to encourage more users to try WhatsApp Payments and claims that it may end in...
-
India’s UPI Reaches Bhutan as NPCI’s Overseas Arm Enables UPI-Based Payments in the Neighbouring Country
NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), has come into a partnership with Bhutan’s central bank Royal Monetary Authority (RMA) for enabling QR-based UPI transactions in the country.
