India’s Unified Payment Interface (UPI) services were on Monday rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with modern digital technology. India’s RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his…
Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary,…
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm’s parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs….
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in…
All payments at AIIMS-New Delhi will go fully digital from April 1, 2023, with the premier healthcare institute introducing smartcards in addition to UPI (Unified Payments Interface) and card payments at counters. “AIIMS New Delhi introduces #SmartCard in addition to UPI and card payments at all counters. All payments at AIIMS…
With cash usage continuing to remain high despite a jump in online payments, a top NPCI official on Friday said currency in circulation will reduce only when a third of the population starts using digital payment alternatives. National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip…
Non-cash payments using modes like UPI will account for 65 percent of all the transactions by 2026 against the 40 percent level estimated at present, a report said on Thursday. The report — which comes amid a rapid rise in unified payments interface (UPI) since the onset of the COVID-19 pandemic…
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