Upi Transfer

According to the RBI's new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours.

To retrieve money transferred to an unintended individual, you must prove that the funds were sent unintentionally. Once proven, the bank is responsible for reversing the transaction.

India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

In a major development, Indians can now receive money from Singapore instantly and securely using major UPI apps as well as those of popular banks.

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...

A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...

UPI-PayNow linkage took place on Tuesday, on which Singaporean High Commissioner to India Simon Wong Wie Kuen said this collaboration would take bilateral relations to greater heights and his country looks forward to continuing to be part of India's digital transformation journey.

The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.

India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.

India and Singapore are set to link their digital payments systems UPI and PayNow for easier cross-border transactions. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances. 

The NPCI has permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. The National Payments Corporation of India (NPCI) in a circular said it has been receiving requests for allowing non-residents to use international mobile numbers for transacting in Uni...

Google Pay, Paytm, and PhonePe have set different maximum limits up to which you can transfer money using UPI.

The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.

According to the RBI's new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours.

To retrieve money transferred to an unintended individual, you must prove that the funds were sent unintentionally. Once proven, the bank is responsible for reversing the transaction.

India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

In a major development, Indians can now receive money from Singapore instantly and securely using major UPI apps as well as those of popular banks.

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...

A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...

UPI-PayNow linkage took place on Tuesday, on which Singaporean High Commissioner to India Simon Wong Wie Kuen said this collaboration would take bilateral relations to greater heights and his country looks forward to continuing to be part of India's digital transformation journey.

The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.

India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.

India and Singapore are set to link their digital payments systems UPI and PayNow for easier cross-border transactions. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances. 

The NPCI has permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. The National Payments Corporation of India (NPCI) in a circular said it has been receiving requests for allowing non-residents to use international mobile numbers for transacting in Uni...

Google Pay, Paytm, and PhonePe have set different maximum limits up to which you can transfer money using UPI.

The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.