Nov 29, 2021 04:12 PM IST
Speaking on reports of Visa Inc's concerns about the Indian government promoting RuPay, Hota said that RuPay has not received any favours from the government beyond inclusion in the Pradhan Mantri Jan Dhan Yojana. RuPay's share in the domestic card market stands at over 60 percent.
- Nov 27, 2021 08:27 AM IST
WhatsApp’s messenger service has over 400 million users in India and lifting the limit for the payment service in one go may lead to extremely high transaction volumes on NPCI’s platform.
- Nov 18, 2021 07:11 PM IST
Network International enables digital commerce across the Middle East and Africa.
- Nov 16, 2021 05:12 PM IST
The COO says NPCI is constantly evaluating its readiness to handle growing transactions. Rai tells Moneycontrol that NPCI is in discussions with UPI app players to maintain the 30 percent market cap guidelines.
- Nov 11, 2021 03:43 PM IST
While Paytm, the third-largest UPI player is far behind the leader PhonePe, the D Street-bound company enjoys a large share in overall payments made by individuals to merchants. Paytm would rather have transactions routed through its own end-to-end platform than depend on NPCI’s platform.
- Nov 10, 2021 11:00 AM IST
WhatsApp is accelerating efforts to expand its payment service. A relaxation of the 20 million user limit will help it ramp up transaction volumes and value
- Nov 01, 2021 01:38 PM IST
In another record month for UPI transactions, volumes crossed the 421-crore mark in October and the value of transactions has crossed Rs 7.71 lakh crore.
- Oct 11, 2021 03:17 PM IST
After WhatsApp said last month that it is adding a Rupee icon to make the payments option more visible and is on the path of scaling up, its UPI volumes grew to 10 lakh in September from five lakh in August.
- Oct 01, 2021 12:18 PM IST
Since the beginning of FY22, UPI transaction values have witnessed a monthly growth rate of 5.8 percent. Overall transactions values for FY22 may cross $1 trillion if this growth rate is sustained.
- Sep 29, 2021 07:23 PM IST
Speaking at the Global Fintech Fes, Asbe said that the aspiration should be for UPI to clock in transactions worth $1 billion per day in three years’ time. Sequoia India MD Rajan Anandan who was part of the panel said that funds will continue to flow into startups, including fintechs.
- Sep 08, 2021 01:32 PM IST
PhonePe continued to dominate the monthly value of UPI transactions with a share of over 47 percent, Google Pay’s market share jumped to 38 percent.
- Sep 03, 2021 05:41 PM IST
In an exclusive interview, PhonePe founder and CEO Sameer Nigam shares his views on NPCI’s plans to cap the market share of payment apps at 30 percent.
- Aug 12, 2021 04:28 PM IST
NPCI says Noopur Chaturvedi's mandate is to work on the RBI's vision to scale up the Bharat Bill Pay System platform. In June, the RBI permitted mobile prepaid recharges as a biller category in BBPS to be implemented on or before August 31.
- Jul 27, 2021 04:15 PM IST
- Jul 13, 2021 03:43 PM IST
Bhutan's Royal Monetary Authority (RMA) will ensure that the participating NPCI mobile application through UPI QR transactions is accepted at all RMA acquired merchants in Bhutan. This new collaboration would help over 200,000 tourists from India who travel to Bhutan each year.
- Jun 04, 2021 03:13 PM IST
This announcement will bring forth markedly shorter processing durations for SIP payments, salary credits, bill payoffs, and loan EMIs, which were earlier delayed due to bank holidays.
- Apr 01, 2021 02:24 PM IST
UPI, which has been clocking over two billion transactions a month since late in 2020, has ambitions of touching two billion transactions a day in the next few years.
- Mar 26, 2021 04:21 PM IST
The move is aimed at providing an opportunity for multiple players and mitigate systemic risks that could arise out of a few dominating the space.
- Mar 15, 2021 06:00 PM IST
NPCI revealed that UPI-Help can resolve complaints online for person-to-person (P2P) transactions.
- Mar 09, 2021 07:38 PM IST
With this whole NUE conversation, there is a lot of pressure on the NPCI to kind of continue the innovation journey, says Managing Director and Chief Executive Officer of NPCI Dilip Asbe.
- Mar 02, 2021 07:09 PM IST
Paytm is yet to put out a breakup of its numbers for February, so it’s hard to tell who really was No. 1 last month with both claiming to have recorded over a billion transactions.
- Mar 02, 2021 09:18 AM IST
Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.
- Feb 26, 2021 06:21 PM IST
The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift.
- Feb 26, 2021 09:40 AM IST
The consortium will submit its proposal to the Reserve Bank of India on February 26
- Feb 18, 2021 10:16 AM IST
AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.