May 06, 2021 10:57 PM IST
Last month too, the public sector bank's digital banking platforms -- Yono, Yono lite, internet banking, and Unified Payments Interface (UPI) -- were affected due to maintenance.
- Apr 19, 2021 10:38 AM IST
The NPCI has seen a massive spike in low-ticket transactions as low as Re 1 processed by gaming apps.
- Apr 03, 2021 05:08 PM IST
With over 200 million active digital payment users of in India, UPI transactions crossed 5 lakh crore in value for the month of March 2021.
- 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 31, 2021 02:51 PM IST
The decision National Payments Corp of India (NPCI), India’s flagship payments processor. to check UPI’s growth by introducing a new rule that restricts TPAP (Third Party Application Providers) from going beyond 30% market share is bad for customers and payment apps.
- Mar 22, 2021 11:02 PM IST
Nilekani's stance is significant, as he is one of India's most prominent technocrats and has played a central role in building India's digital rails- be it Aadhaar, the UPI payment infrastructure, GST or FASTag.
- Mar 17, 2021 10:02 AM IST
SBI, HDFC Bank, ICICI Bank and Axis Bank have enabled the UPI-Help feature for their customers
- Mar 11, 2021 11:48 AM IST
The project, called National Public Digital Platforms, is reportedly being executed by MeitY
- 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 09:40 AM IST
The consortium will submit its proposal to the Reserve Bank of India on February 26
- Feb 24, 2021 02:20 PM IST
The proposal is likely to be presented to the Reserve Bank of India (RBI) before February 26, which is the deadline to submit bids for NUEs
- Jan 20, 2021 07:47 PM IST
Bajaj Finance, in a regulatory filing, confirmed that its targeted time for Bajaj Pay launch is Q4 of FY21. The move will allow the company to make forays into the fast-growing payment solutions market in India.
- Jan 19, 2021 09:32 AM IST
PhonePe and Google Pay dominate the UPI market in India, and, in December accounted for 78 percent of transaction volumes and 86 percent of transaction value.
- Jan 15, 2021 09:42 AM IST
Investors may submit the bid-cum-application form in UPI through eligible intermediaries and stock exchanges (App/Web interface).
- Jan 11, 2021 10:31 AM IST
The proposal includes “discounted MDR on RuPay to make it competitive with Visa and Mastercard” bank cards, and flat, “slab-based MDR on UPI transactions.”
- Dec 30, 2020 12:11 PM IST
While almost every payment mode suffered a fall during April and started picking up in the second half of the year, exception was RuPay cards for PoS transactions at offline merchants, which are still below pre-Covid numbers and UPI on the other end which grew strongly over the last few months.
- Dec 15, 2020 01:26 PM IST
The National Payments Corporation of India’s move to impose volume caps could hamper competition and potentially reduce the competitive suspense in the market, and increase the likelihood of coordination/collusion among market participants
- Dec 08, 2020 11:57 AM IST
UPI transactions worth Rs 1,65,654.71 crore were made through Google Pay in October.
- Dec 03, 2020 10:26 AM IST
Industry experts say banks were not prepared for an 83 percent jump in UPI payments within the last five months. Their server capacity and back-end systems need to be upgraded to be able to handle this massive load.
- Nov 10, 2020 09:11 AM IST
With about 400 million users, many of whom are actively engaged, WhatsApp is well-placed in P2P payments. However, roughly half the UPI payments are for commerce, and this is where WhatsApp will have to think through new use cases to take on the incumbents
- Nov 10, 2020 07:00 AM IST
WhatsApp Pay is built atop Unified Payments Interface or UPI, a payments infrastructure built by a coalition of large banks in India.
- Nov 09, 2020 05:54 PM IST
Even as Covid-19 cases continue to surge, policymakers can take heart from the fact that a number of high-frequency indicators show signs of resilience, pointing towards overall economic recovery in the country. Moneycontrol takes a look at some of these economic indicators
- Nov 09, 2020 01:21 PM IST
Imposing a market share cap on UPI is a retrograde step that will restrict customer choice and stifle innovation
- Nov 07, 2020 10:36 AM IST
The NPCI on November 5 capped UPI transactions by a Third Party App Provider (TPAP) at 30 percent of the market share.