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  • Visa need not get scared of RuPay, they should focus on what India needs: Former NPCI CEO AP Hota Nov 29, 2021 04:12 PM IST

    Visa need not get scared of RuPay, they should focus on what India needs: Former NPCI CEO AP Hota

    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.

  • NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million Nov 27, 2021 08:27 AM IST

    NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million

    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.

  • NPCI arm, Network International join hands for UPI payment system in UAE Nov 18, 2021 07:11 PM IST

    NPCI arm, Network International join hands for UPI payment system in UAE

    Network International enables digital commerce across the Middle East and Africa.

  • Exclusive: Have to take a balanced approach to market share cap for UPI apps: Praveena Rai of NPCI Nov 16, 2021 05:12 PM IST

    Exclusive: Have to take a balanced approach to market share cap for UPI apps: Praveena Rai of NPCI

    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.

  • Explained: Why UPI is not at the heart of Paytm's payments business Nov 11, 2021 03:43 PM IST

    Explained: Why UPI is not at the heart of Paytm's payments business

    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.

  • EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases Nov 10, 2021 11:00 AM IST

    EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases

    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

  • UPI transactions value crosses record $100 billion in October, on track to end FY22 at over $1 trillion Nov 01, 2021 01:38 PM IST

    UPI transactions value crosses record $100 billion in October, on track to end FY22 at over $1 trillion

    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.

  • PhonePe, Google Pay, Paytm retain UPI market share, even as WhatsApp transactions double Oct 11, 2021 03:17 PM IST

    PhonePe, Google Pay, Paytm retain UPI market share, even as WhatsApp transactions double

    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.

  • UPI transaction value crosses Rs 6.50 lakh crore in September, volumes at over 365 crore Oct 01, 2021 12:18 PM IST

    UPI transaction value crosses Rs 6.50 lakh crore in September, volumes at over 365 crore

    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.

  • Hopeful of govt announcement on MDRs soon for payments, says NPCI CEO Dilip Asbe Sep 29, 2021 07:23 PM IST

    Hopeful of govt announcement on MDRs soon for payments, says NPCI CEO Dilip Asbe

    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.

  • August UPI transactions: PhonePe leads, Google Pay gains Sep 08, 2021 01:32 PM IST

    August UPI transactions: PhonePe leads, Google Pay gains

    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.

  • Should I run an ad telling people not to install my app: PhonePe CEO Sameer Nigam Sep 03, 2021 05:41 PM IST

    Should I run an ad telling people not to install my app: PhonePe CEO Sameer Nigam

    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.

  • NPCI appoints former PayU top executive Noopur Chaturvedi as Bharat BillPay CEO Aug 12, 2021 04:28 PM IST

    NPCI appoints former PayU top executive Noopur Chaturvedi as Bharat BillPay CEO

    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.

  • From August 1, NACH will be available 365 days Jul 27, 2021 04:15 PM IST

    From August 1, NACH will be available 365 days

  • BHIM UPI to be launched in Bhutan as NPCI's overseas arm joins hands with RMA Jul 13, 2021 03:43 PM IST

    BHIM UPI to be launched in Bhutan as NPCI's overseas arm joins hands with RMA

    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.

  • Soon you can pay SIPs and bills instantly as RBI says NACH will be available on all days starting August 1  Jun 04, 2021 03:13 PM IST

    Soon you can pay SIPs and bills instantly as RBI says NACH will be available on all days starting August 1 

    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.

  • UPI transactions touch new high, cross Rs 5 lakh crore in March Apr 01, 2021 02:24 PM IST

    UPI transactions touch new high, cross Rs 5 lakh crore in March

    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.

  • Level 1, Level 2, Level 3: How NPCI plans to cap market share of apps like PhonePe and Google Pay Mar 26, 2021 04:21 PM IST

    Level 1, Level 2, Level 3: How NPCI plans to cap market share of apps like PhonePe and Google Pay

    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.

  • UPI-Help for digital payments goes live on BHIM UPI app Mar 15, 2021 06:00 PM IST

    UPI-Help for digital payments goes live on BHIM UPI app

    NPCI revealed that UPI-Help can resolve complaints online for person-to-person (P2P) transactions.

  • NPCI on its toes as RBI hunts for new umbrella entity for retail payments Mar 09, 2021 07:38 PM IST

    NPCI on its toes as RBI hunts for new umbrella entity for retail payments

    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.

  • PhonePe & Paytm lock horns: Both claim market leadership Mar 02, 2021 07:09 PM IST

    PhonePe & Paytm lock horns: Both claim market leadership

    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.

  • Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report Mar 02, 2021 09:18 AM IST

    Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report

    Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.

  • A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments? Feb 26, 2021 06:21 PM IST

    A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?

    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.

  • Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report Feb 26, 2021 09:40 AM IST

    Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report

    The consortium will submit its proposal to the Reserve Bank of India on February 26

  • NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report Feb 18, 2021 10:16 AM IST

    NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report

    AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.

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