Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet.
The Unified Payments Interface (UPI) is India's mobile-based fast payment system, which facilitates customers to make round-the-clock payments instantly using a Virtual Payment Address (VPA) created by the customer.
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.
Mumbai (Maharashtra) [India], December 7: Keeping in sync with its focus on enhancing customer convenience and revolutionizing transactional experiences, IDFC FIRST Bank announces the launch of their IDFC FIRST Bank digital RuPay Credit Card, powered for UPI.
At the 8th Global Technology Summit (GTS) in the national capital, Jaishankar pointed out that India is rapidly catching up in technology adoption, citing the massive volume of UPI transactions as evidence of how readily people embrace technology when it becomes available.
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
Paytm UPI LITE aims to make digital payments more accessible to people across the country. UPI LITE, enabled by National Payments Corporation of India (NPCI), aids users to carry out multiple small value UPI transactions without using a PIN.
Bangalore (Karnataka)/ Mumbai (Maharashtra) [India], February 7 (ANI/PRNewswire): Fraud management has become a massive headache for banks and fintechs worldwide. As digital payments become more popular, projected to grow 12 per cent, reaching USD 14.8 trillion by 2027, payment frauds are a
The Union Cabinet on Wednesday approved the incentive scheme with a financial outlay of Rs 26 billion for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for 2022-23, compared with Rs 15 billion in 2021-22.
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi on Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.