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…
Indian financial technology company Paytm Payments Services has received an extension from the country’s banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Paytm Payments Services, in the meantime, can continue with the online payment aggregation business for…
India’s sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country’s “great” digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. Under the G20 presidency of India, a session on ‘Building resilient and inclusive…
India’s homegrown Paytm Payments Bank is currently the only platform to exclusively offer UPI Lite payments, which enables faster real-time transactions with a single tap on the Paytm app. Paytm UPI Lite will never fail even during peak transaction hours, even when banks have success rate issues, according to a Paytm’s statement…
PhonePe, Indian digital payments and financial technology company, has launched support for cross-border UPI payments, under UPI International. The apps’ users can now use their Indian bank accounts to pay at merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan, The Bhutan Live reported. Earlier, Indian users had to…
The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India. UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments…
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday. Speaking at ‘Digital Payments Utsav’, Vaishnaw said it will be rolled out like UPI service and will be…
One97 Communications (OCL), which owns Paytm, on Wednesday announced the release of Paytm 2022 Recap, highlighting the interesting trends of transactions made through Paytm in the last year. Paytm UPI is one of the most preferred payment methods for Indians, with its superfast and secure payments. Users can also check…
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…
Global payments services provider Worldline has joined hands with NPCI International Payments in a move to expand the acceptance of Indian payment means across Europe. NPCI International Payments is the international arm of the National Payments Corporation of India (NPCI) — which is the driver of digital payments here in India….
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