The banking regulator is inviting applications form interested parties for forming the umbrella entity till February 26, 2021
Reacting to the allegations of security chinks at a partner's end, the NPCI said an independent verification of the news was undertaken and no data breach was found
Removal of MDR will affect innovation in fintech
Its entry will increase competition especially when WhatsApp too has received approvals to launch payments
The NPCI was set up by the Reserve Bank in 2009 as the central infrastructure for various retail payment systems and is owned by banks
Transactions on UPI rose exponentially post July last year when the number was 11.44 million