The limit for UPI transactions to hospitals and educational institutions has been raised by the Reserve Bank of India (RBI), from Rs 1 lakh to Rs 5 lakh per transaction.
Bengaluru (Karnataka) [India], October 20: Razorpay, India's Leading Full-Stack Payments, and Banking Platform for Businesses has secured the top spot at the RBI's 2nd Global Hackathon - 'HaRBInger 2023' for its remarkable product, 'DrishtiPay', which facilitates easy-to-use, innovative Card
New Delhi [India], October 9: Paysharp is an RBI in-principal approved payment aggregator based out of Chennai. Paysharp is focusing on non-card-based payments like UPI payments.
This was to allow customers to checkout as a guest without saving sensitive card details on an e-commerce or merchant website for a transaction, the fintech firm said in a release.
Bangalore (Karnataka) [India], September 13: Juspay, India's leading payments company, has partnered with Yes Bank to launch HyperUPI, NPCI's plug-in SDK that enables in-app UPI payments in merchant apps. Merchants can now offer simple “1-click UPI experiences” in their Android and iOS apps
UPI payment system has become hugely popular for retail digital payments in India, and its adoption is increasing at a rapid pace. So far, Sri Lanka, France, UAE, and Singapore had partnered with India on the emerging fintech and payment solutions.
New Delhi [India], September 5: UPI Merchant UDIR (Unified Dispute and Issue Resolution) system was successfully completed by NPST & NPCI. NPST have completed POC for Realtime refund process with a Marquee PAPG for resolving customer disputes and grievances pertaining to UPI payments, us
Apart from showcasing its rich culture, varied crafts and diverse cuisine at the G20 summit, India will also display its progress in the digital sector, a senior official said on Wednesday while noting that experience panels will be created for delegates to experience how UPI payments are
RBI Governor Shaktikanta Das, as part of its post monetary policy meeting remarks earlier today, said it will enable users to engage in conversation with AI-powered systems to make payments.
Bengaluru (Karnataka) [India], August 2: CRED, a high-trust community of creditworthy individuals, brands, and institutions, in collaboration with NPCI has launched RuPay credit card-based UPI payments on CRED for members. CRED currently supports RuPay credit cards issued by banks such as HD
Andhra Pradesh transport department has introduced a Unified Payments Interface (UPI) payments system at inter-state check posts to curb corruption. The new policy has been implemented in 15 check posts of the transport department across the state.
After Singapore's integration in the UPI network, Japan is also considering a similar move. In an interview, Japan's Minister for Digital Transformation has said that Japan is "seriously thinking about joining the Indian UPI payments system".