UPI services in India are provided by various apps like PhonePe and Google Pay. In April, PhonePe was the biggest player and had 49 percent share across P2M (person to merchant) and P2P (person to person) transactions.
NPCI International Payments Limited deploys RuPay and UPI outside of India. Its network allows for RuPay and UPI allows Indian travellers to use these payment channels in their destination country. Now, it is helping other countries to develop their own UPI-like system.
Recent data released by the National Payments Corporation of India suggests a drop in UPI transaction count in April. These transactions were less than what was reported in March.
The new product from BharatPe will help merchants who accept a range of payment options including UPI and cards. The product streamlines transactions for merchants and offers versatile payment acceptance options.
NPCI International Payments Limited allows Indian travelers to make UPI payments in 6 countries. If you're traveling to any of these countries or want to make UPI payments to merchants located in these countries, here's how to enable UPI International in your UPI app.
WhatsApp may be working a new payment feature for its users in India, allowing international payments through its in-app Unified Payments Interface (UPI) service, as per a leak.
Paytm has secured a third-party application provider license amidst regulatory challenges faced by its banking unit. This license enables Paytm to continue offering seamless transactions through India's unified payment interface (UPI), ensuring uninterrupted services for its users.
In a meeting by NPCI, smaller UPI players stated their inability to offer cashback and rewards mostly because of the limited marketing budgets, which has been hindering their ability to attract consumers away from established and highly used online payment apps like Google Pay and PhonePe.
Ecologically, DPI adoption has led to significant paper savings and carbon emissions reduction. The time saved in the logistics and transportation sector reduced carbon emissions by 3.2 million tonnes in 2022.
Here is everything you need to know about the Paytm Payment Bank and restrictions with UPI, Fastag, Wallet and more after March 15.
The Government of India has made UPI payments available in many international countries, to make transactions easier for Indians who are planning to travel abroad. This service could also be used by the Non-Resident Indians (NRIs) for making any international transactions.
As per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
The agreement will enable users of both systems to conduct instant, cost-effective fund transfers between India and Nepal.
India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to connect Europe with India through parts of the Middle East by sea and rail, an ambitious plan backed by the US and the European Union.
Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe joined Modi at the virtual ceremony. The launch of the Indian services in Sri Lanka and Mauritius came amid New Delhi's increasing bilateral economic ties with the two countries.
The BHIM payments app is offering cashback deals of up to Rs 750 for users who fulfil certain transaction criteria, including dining out, travelling, and linking their Rupay credit card, valid until March 31, 2024.
Since the Reserve Bank of India's directive, reportedly, there has been a surge in downloads of competitor apps, such as PhonePe and BHIM, while Paytm's downloads have declined.
The failed payment issue has persisted for several hours (3-4 hours now) and the users are expressing frustration on the micro-blogging platform, tagging several banks like HDFC, Kotak Mahindra, and more.
Paytm is actively collaborating with other banks to implement necessary changes in the backend for the continuity of its services.
The RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
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