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  • NPCI in talks with RBI on volume cap deadline Nov 20, 2022 06:16 PM IST

    NPCI in talks with RBI on volume cap deadline

    At present, there is no volume cap. So, two players -- Google Pay and PhonePe -- account for a market share of about 80 per cent.

  • UPI frauds contribute to 15.3% rise in cybercrime complaints between Q1 and Q2 of 2022 Nov 07, 2022 12:24 PM IST

    UPI frauds contribute to 15.3% rise in cybercrime complaints between Q1 and Q2 of 2022

    Looking specifically at 'UPI fraud complaints,' a cybercrime category under National Cybercrime Reporting Portal (NCRP), the number jumped from 62,350 in Q1 2022 to 84,145 in Q2 2022.

  • NPCI CEO Dilip Asbe pitches UPI autopay after Elon Musk insists on $8 fee for blue ticks Nov 02, 2022 12:30 PM IST

    NPCI CEO Dilip Asbe pitches UPI autopay after Elon Musk insists on $8 fee for blue ticks

    National Payments Corporation of India (NPCI) managing director and chief executive Dilip Asbe replied to a tweet by billionaire Musk, saying the UPI's recurring payments offering already has 7 million users.

  • Zaggle to collaborate with NPCI for contactless credit cards on RuPay Nov 01, 2022 07:32 PM IST

    Zaggle to collaborate with NPCI for contactless credit cards on RuPay

    According to the press release, Zaggle and NPCI along with partner banks would use this platform to launch multiple credit cards to address the ever-growing demand of Corporates, SMEs, and consumers.

  • BJP's ideology favours rising air pollution: Delhi minister Gopal Rai Nov 01, 2022 02:22 PM IST

    BJP's ideology favours rising air pollution: Delhi minister Gopal Rai

    Delhi Lieutenant Governor Vinai Kumar Saxena would not have stopped the implementation of the "Red Light on Gaadi off" campaign to reduce vehicular emissions without instructions from the saffron party, Gopal Rai told reporters after inspecting a construction site.

  • Moneycontrol Selects: Top stories this evening Oct 11, 2022 06:53 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • No charge for RuPay credit card use on UPI for transaction up to Rs 2,000: NPCI Oct 05, 2022 01:02 PM IST

    No charge for RuPay credit card use on UPI for transaction up to Rs 2,000: NPCI

    RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments.

  • UPI payment crosses Rs 11 lakh crore milestone in September Oct 04, 2022 04:48 PM IST

    UPI payment crosses Rs 11 lakh crore milestone in September

    During the month, 678 crore transactions in volume terms were done on the platform launched in 2016.

  • RuPay credit cards on UPI: Small merchants not to be charged for transactions up to Rs 2,000 Oct 04, 2022 04:10 PM IST

    RuPay credit cards on UPI: Small merchants not to be charged for transactions up to Rs 2,000

    For all other transactions, existing interchange charges applicable on RuPay credit cards will be levied, the National Payments Corporation of India said in a circular.

  • Fintech Files: Part 3 | When the RBI sneezes, fintechs catch a cold Oct 04, 2022 09:19 AM IST

    Fintech Files: Part 3 | When the RBI sneezes, fintechs catch a cold

    A slew of circulars from the Reserve Bank of India has forced the fintech industry to abandon its growth-at-all-costs approach and scramble to comply with the stringent regulations

  • Fintech Files | Part-2: In the world of digital payments, UPI is the king Oct 03, 2022 08:03 AM IST

    Fintech Files | Part-2: In the world of digital payments, UPI is the king

    Indians are moving away from cash and traditional banking payment instruments and have wholeheartedly embraced UPI to make payments because of its ease and sheer convenience. Fintechs are driving this nationwide shift

  • NPCI re-appoints Dilip Asbe as MD and CEO for five years Sep 23, 2022 07:27 PM IST

    NPCI re-appoints Dilip Asbe as MD and CEO for five years

    Asbe took over as CEO of NPCI from former Reserve Bank of India (RBI) executive Abhaya Prasad Hota in 2018.

  • RBI Governor launches RuPay credit card on UPI, UPI Lite and cross-border bill payments Sep 20, 2022 08:54 PM IST

    RBI Governor launches RuPay credit card on UPI, UPI Lite and cross-border bill payments

    With UPI Lite and UPI123 Pay for feature phones, India can add another 500 million people to the payments system, according to Infosys Non-Executive Chairman Nandan Nilekani.

  • What is e-RUPI? Sep 05, 2022 06:23 PM IST

    What is e-RUPI?

  • UPI records over 6.5 billion transactions in August, total value inches closer to Rs 11 lakh crore Sep 01, 2022 12:05 PM IST

    UPI records over 6.5 billion transactions in August, total value inches closer to Rs 11 lakh crore

    According to data released by NPCI, UPI reported transactions amounting to Rs 10.72 trillion in August.

  • NPCI to acquire up to 10% stake in government's e-commerce project ONDC Aug 31, 2022 02:14 PM IST

    NPCI to acquire up to 10% stake in government's e-commerce project ONDC

    Even as ONDC prepares for a public launch in September, it has started the groundwork for enabling business-to-business commerce transactions on the network

  • Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive Aug 22, 2022 11:17 AM IST

    Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive

    Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

  • WhatsApp UPI volumes drop 73% in July as cashback fervour fades away Aug 09, 2022 02:25 PM IST

    WhatsApp UPI volumes drop 73% in July as cashback fervour fades away

    In June, WhatsApp had registered a six-fold jump in transactions at 23.04 million as against 3.48 million in recorded May, after it introduced a cashback offer to attract users

  • Bharat Bill Payment System to accept cross-border inward payments: Central bank boss Aug 05, 2022 12:04 PM IST

    Bharat Bill Payment System to accept cross-border inward payments: Central bank boss

    "This step is not only going to make payments simpler for NRIs and ease things for their parents living in India, but is also a way to deepen the cross-border payment ecosystem for India," said Vivek Iyer, partner, financial services, risk, Grant Thornton Bharat.

  • NPCI arm in talks with 30 countries for RuPay card and UPI acceptance, says govt Jul 29, 2022 02:13 PM IST

    NPCI arm in talks with 30 countries for RuPay card and UPI acceptance, says govt

    The UAE, Bhutan and Singapore have already accepted RuPay-based cards and UPI

  • Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report Jul 28, 2022 04:40 PM IST

    Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report

    For the next five years, CLSA expects credit card spends to grow at a compound annual growth rate (CAGR) of 19 percent, down from the 24 percent CAGR in the past five years. The stagnation will come from companies tapping customers from smaller towns and cities where per capita consumption is lower.

  • WhatsApp sees six-fold jump in UPI transactions in June driven by newly introduced cashbacks Jul 07, 2022 05:40 PM IST

    WhatsApp sees six-fold jump in UPI transactions in June driven by newly introduced cashbacks

    The Meta-owned company still has a minuscule share in overall UPI payments and makes up only 0.39 percent of transactions in the month

  • Coinbase lays off 8% of India staff, hires former Prosus official to relaunch operations in the country Jun 15, 2022 11:23 AM IST

    Coinbase lays off 8% of India staff, hires former Prosus official to relaunch operations in the country

    Former Prosus Ventures and Niti Aayog executive Arnab Kumar has been hired as as Director of India Market Expansion

  • Payments | UPI takes the credit Jun 10, 2022 05:19 PM IST

    Payments | UPI takes the credit

    UPI is increasingly becoming a super payment interface, shaking the payment ecosystem which was controlled by private banks and the payment duopolies

  • Credit cards on UPI opens up a host of possibilities, but leaves many questions unanswered Jun 09, 2022 12:05 PM IST

    Credit cards on UPI opens up a host of possibilities, but leaves many questions unanswered

    The payments industry is awaiting clarification on how the pricing of such an arrangement will work. From the look of it, many see this as advantageous for RuPay.