The National Payment Corporation of India (NPCI) on Wednesday said that it has launched the functionality of Unified Payments Interface AutoPay for recurring payments.
Payments on Unified Payments Interface (UPI) in June hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore, as per National Payments Corporation of India (NPCI) data.
Google Pay is trending on Twitter suggesting that the popular app has been banned in India
After constantly rising for the past several months, the volume, as well as value, of transactions through UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection.
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Delhi police's cybercrime unit on Sunday detected a fake Unified Payments Interface (UPI) ID created with a motive to cheat the donors of the newly launched PM CARES Fund to fight the coronavirus outbreak.
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NPCI said that it has agreed to revise the UPI interchange and payment service provider fees to "zero" for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020
Paytm on Tuesday said that it has achieved the "milestone" of 100 million UPI handles on Paytm Payment Bank. Paytm attributed the success to its "all-inclusive" QR code
PhonePe user can withdraw up to Rs 1,000 a day from the merchant via the PhonePe ATM feature on Android, iOS.
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With UPI frauds on the rise, here are some tips you should keep in mind to avoid getting into scams on apps like Google Pay, PhonePe, Paytm and more.
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Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till January 31 for not installing the system.
In a bid to promote digital payments, Finance Minister Nirmala Sitharaman on Saturday said no MDR charges will be applicable on transactions through homegrown RuPay and UPI platforms beginning January 1, 2020.
National Payments Corporation of India, NPCI on Thursday announced NETC FASTag recharge option through BHIP UPI App for its customer. NPCI said that customers can recharge FASTags through any BHIM UPI enabled mobile app.
The UPI platform was launched before demonetisation in 2016 and has taken digital payment to a new height. Users across the globe can transfer money online without entering their bank account number.
Attention UPI e-wallet users: The National Payments Corporation of India is set to roll out new guidelines for digital payments in India. For people who use UPI e-wallets like Google Pay and PhonePe among others will be impacted as government moves to bring in more security features in digital payments.
UPI apps user alert: Amid ongoing online banking or UPI-related scams, India's one of the largest private lender, ICICI Bank has issued an advisory for its customer. ICICI bank has warned all online banking users, especially those who use UPI apps-- Google Pay, PhonePe, Paytm, to be very cautious of frauds, in the wake of UPI-related scams.
BHIM UPI Charges: In a move to boost digital payments in small and large merchants' transactions across the country, National Payments Corporation of India (NPCI) has revised BHIM UPI charges for large ticket transactions.
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