npci

India's National Payments Corporation of India (npci) has launched UPI Lite to streamline small transactions. This feature allows users to make instant, PIN-free payments for everyday purchases, reducing checkout time and bank statement clutter. By maintaining a small balance, users can enjoy a more convenient and efficient payment experience for micro-transactions.

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

Deputy Chief Minister Pravati Parida released over Rs 61 crore to more than 79,000 women previously excluded from the Subhadra scheme due to technical and verification issues. This direct benefit transfer aims to ensure all eligible women receive financial empowerment, with a focus on resolving pending cases and expediting inclusion.

FM, Vaishnaw Meet Banks And Regulators

Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here are some of the key revisions scheduled for implementation from the start of the new financial year.

Digital payments body National Payments Corporation of India (npci) is gearing up to setup a new payments platform called Vajra that will be based on 'Distributed Ledger Technology' (DLT). With this DLT-based platform, the npci team aims to “provide highly secure and tamper-evident transactions stored in a distributed and immutable database.”

The National Payments Corporation of India (npci) has set up a subsidiary with the primary objective of taking RuPay and Unified Payments Interface (UPI) to other countries and transform these services from a purely domestic network to a regional network.

Shares of One97 Communications surged by 6.50% after the National Payments Corporation of India (npci) approved Paytm to onboard new UPI users. This relief follows earlier Reserve Bank restrictions on Paytm Payments Bank. Paytm must adhere to all npci procedural guidelines, including risk management and customer data.

npci approves OCL as TPAP on UPI network. Paytm transitions to multi-bank model. Vijay Shekhar Sharma thanks npci. Major banks provide payment services. Yes Bank to handle merchant acquisitions and autopay mandates.

National Payments Corporation of India (npci) on Friday said transaction through Unified Payment Interface (UPI) platform would continue to be free.

The National Payments Corporation of India has ordered fintech firms to stop using UPI APIs for unauthorised purposes, such as user authentication. This violates npci and RBI guidelines, and firms must comply or face penalties or cessation of UPI services.

National Payments Corporation of India (npci) has proposed to telecom companies a tiered-price structure for enabling mobile banking using the short code *99# across service providers.

npci extends UPI payments to UAE for Indian travelers/NRIs via QR codes at PoS, facilitated by npci International and Network International. CEO Ritesh Shukla praised convenience amid growing GCC Indian traveler numbers. UPI is now in Nepal, Singapore, Sri Lanka, Mauritius, France, and Bhutan. npci plans further UPI expansion to 20 countries in the next five years.

The npci has clarified that Google Pay has not been banned by the RBI. In a statement, npci said, “We would like to clarify that Google Pay is classified as Third Party App Provider that also provides UPI payment services like many others, working through banking partners and operating under the UPI framework of npci. All authorised TPAPs are listed on the npci website.”

National Payment Corporation of India (npci) has launched an artificial intelligence (AI)-based chatbot to create awareness around its digital payment platforms

National Payments Corporation of India (npci) on Tuesday said that e-toll collection via Fastags now accounts for 25% of total toll collected in India, and it hopes to increase this number to 50%.

A blockchain or distributed ledger is a continuously growing list of encrypted transactions called blocks. A block may contain any type of data such as unique digital identifiers of physical products. The National Payments Corporation of India (npci) is an umbrella organisation for all retail payments in India. It was set up with the guidance and support of the RBI and the Indian Banks Association (IBA).

The payment leaders brought up issues from the payment industry around npci’s backing of BHIM app and the government outlaying nearly Rs 500 crore for cashback and bonus only for this UPI app, at the NITI Aayog event held last week, reiterating the suggestions made by the Watal Committee.

The National Payments Corporation of India (npci) restored connectivity with C-Edge Technologies following a ransomware attack. The breach impacted services at small Indian local banks reliant on C-Edge, affecting 300 regional and cooperative banks. After a security review, npci confirmed that compromised systems were isolated and services were fully restored.

National Payments Corporation of India (npci) has proposed to telecom companies a tiered-price structure for enabling mobile banking using the short code *99# across service providers.

Talent from npci has gone on to develop some of the most coveted fintech products in the country and the organisation is expanding rapidly since the pandemic gave a boost to online transactions.

The National Payments Corporation of India (npci) on Thursday allowed Facebook-owned messaging platform WhatsApp to start its payments service in the country in a "graded" manner. The announcement by npci came minutes after it limited a single third party like WhatsApp or its rivals like Google Pay or Walmart's PhonePe to handle only 30 per cent of overall UPI transaction volumes by putting a cap.

npci has secured a 1.5-acre land deal in Mumbai's BKC for Rs 829.43 crore to establish its global headquarters, signaling a strategic move to consolidate operations and drive innovation in digital payments. The 80-year lease from MMRDA will allow npci to construct a 16-story tower with a 5,000-seat R&D center, reflecting its rising global stature and commitment to international cooperation.

Presently, several banks in the country do not have their own mobile banking app and are missing out on extending the benefits of the country’s largest retail payment system – UPI, to their customer base. npci intends to bridge this gap by extending all the readily available features of UPI to these entities through the BHIM app licensing model which will be an economical and quick-to-market solution for such entities.

N R Narayana Murthy has stepped down as chairman of the National Payments Corporation of India (npci) after taking charge as executive chairman of Infosys.

Paytm has been granted approval to resume onboarding new UPI users after addressing regulatory concerns. The npci gave the go-ahead on October 22, 2024, with conditions including adherence to guidelines and laws. This approval is a major boost for Paytm, which saw a surge in stock price following the announcement.