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Unified Payments Interface

In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence

Updated On: 07 Apr 2023 | 11:13 PM IST

There are more than 7 billion transactions every month using the payment system - more than five transactions for every man, woman and child in the country

Updated On: 02 Apr 2023 | 10:04 PM IST

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

Updated On: 29 Mar 2023 | 12:33 PM IST

Speaking about India's central bank digital currency (CBDC, also known as e-rupee), Sankar said the RBI was looking to expand the use cases for wholesale CBDC

Updated On: 23 Feb 2023 | 10:51 PM IST

These vending machines will dispense coins against a debit to the customer's account. The process will use Unified Payments Interface (UPI) instead of physical tendering of notes

Updated On: 08 Feb 2023 | 3:29 PM IST

In the calendar year 2022, UPI processed over 74 billion transactions, worth Rs 125.94 trillion, NPCI data showed

Updated On: 02 Jan 2023 | 2:23 AM IST

The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied

Updated On: 27 Dec 2022 | 8:17 PM IST

The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report showed on Tuesday

Updated On: 06 Dec 2022 | 1:05 PM IST

GSTN is expected to go live on AA network in late January or early February, people aware of the development say

Updated On: 05 Dec 2022 | 11:04 PM IST

Players wanted five-year extension on the market cap deadline

Updated On: 02 Dec 2022 | 11:50 PM IST

In CBDC, the core banking will have a one-time debit for currency purchase, but all subsequent transactions, which move from wallet to wallet

Updated On: 29 Nov 2022 | 11:47 PM IST

Though technology is driven from places such as Bengaluru, Al Olama said it is coming from the rest of the world as well

Updated On: 16 Nov 2022 | 11:47 PM IST

Separately on Thursday, at the G-20 meeting, Sitharaman called on her counterparts to work together from the current geopolitical risks from worsening

Updated On: 14 Oct 2022 | 10:51 PM IST

The National Payments Corporation of India's international unit has signed a string of deals over the past two years with foreign companies and central banks. Can the UPI become a global service?

Updated On: 13 Oct 2022 | 10:19 AM IST

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

Updated On: 10 Oct 2022 | 11:43 PM IST

Banking regulator flags conflict of interest concern

Updated On: 10 Oct 2022 | 8:05 PM IST

On a year-on-year (YoY) basis, volume of transactions was up 85.55 per cent and value of transactions was up 70.61 per cent during the same period.

Updated On: 04 Oct 2022 | 12:14 AM IST

Asbe took over as MD&CEO of NPCI in Jan 2018. Prior to that, he was the firm's COO for close to 5 years

Updated On: 23 Sep 2022 | 7:38 PM IST

Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before

Updated On: 20 Sep 2022 | 11:48 PM IST

'Unbridled mushrooming of digital lending apps is a material concern'

Updated On: 20 Sep 2022 | 10:28 PM IST