National Payments Corporation of India

Business

Error-free UPI transactions: NPCI bans nicknames in UPI payments – here’s how it will benefit users – Times of India

getworldnews2 months ago05 mins

[ad_1] NEW DELHI: In a significant move to enhance user safety and transparency in digital transactions, the National Payments Corporation of India (NPCI) has directed all Unified Payments Interface (UPI) applications to display only the ‘ultimate beneficiary name’, as recorded in the Core Banking System (CBS), during peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions.In a circular…

Top Stories

New RuPay credit card rules: Use UPI app to apply for EMIs, pay bills, increase limit & more – Times of India

getworldnews1 year ago05 mins

[ad_1] New RuPay credit card rules: The National Payments Corporation of India (NPCI) has unveiled updates for RuPay Credit Card holders on the Unified Payments Interface (UPI) platform. These include EMI options, credit account bill payments, instalment payments, and limit management. Banks and card issuers have been asked to enable these features by May 31,…

Business

Your bank account and UPI: Some common questions answered | Business – Times of India

getworldnews1 year ago05 mins

[ad_1] The Unified Payments Interface (UPI) is a real-time payment system created by the National Payments Corporation of India (NPCI), which operates under the regulatory oversight of the Reserve Bank of India (RBI). Leveraging the IMPS infrastructure, UPI enables immediate transfer of funds between the bank accounts of any two parties.The primary purpose of UPI…

World News

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as ‘special day’

getworldnews1 year ago03 mins

[ad_1] The launching of UPI services in Sir Lanka and Mauritius enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. | Photo Credit: The Hindu India’s Unified Payment Interface (UPI) services were on February 12 rolled out in Sri…

Business

Relief on the cards for Paytm customers? PhonePe, Google Pay type model being considered by Paytm to keep UPI running – Times of India

getworldnews1 year ago04 mins

[ad_1] Relief on the cards for Paytm customers? Paytm is exploring the third-party payment app (TPAP) route to ensure uninterrupted access to the Unified Payments Interface (UPI) for its users, according to sources familiar with the matter.Initial discussions on this initiative have commenced with the National Payments Corporation of India (NPCI), the organization overseeing the…

Tech

Weekly Tech recap: Jio’s New Year Plan, Tesla robot incident and more

getworldnews1 year ago06 mins

[ad_1] In a week packed with significant developments, legal battles took center stage as The New York Times (NYT) filed a lawsuit against Microsoft and OpenAI, accusing them of unauthorized use of NYT’s content to build artificial intelligence models, namely ChatGPT and Copilot. Meanwhile, on the innovation front, Reliance Jio and the Indian Institute of…