Page 7 - Npci

Google, Walmart hit by India's move to limit some digital payments players

More than 2.07 billion UPI transactions were processed in October, according to NPCI, with Walmart's PhonePe accounting for just over 40% of those transactions

After NPCI nod, WhatsApp Pay set for a first come, first served plan

WhatsApp is working on the integration of its payment option with Jio Mart's e-commerce platform.

UPI firms say volume cap to hit biz; NPCI calls it a bid to curb dominance

Industry insiders suggest that this is aimed at bringing a balance in the UPI ecosystem, which is dominated by a few large players

Capping mkt share of UPI players to impact users, may hit adoption: Experts

Google Pay, Walmart's PhonePe and Paytm are among the TPAP players in the fast-growing UPI ecosystem, amid the sustained push for boosting digital payments in the country

Want to send and receive money via WhatsApp Pay? All you need to know

NPCI allowed WhatsApp to start its payments service in the country in a "graded" manner, starting with a maximum registered user base of 20 million in UPI

NPCI puts cap on third party apps' share of UPI transactions starting Jan 1

Currently, third party applications such as PhonePe, Google Pay, Paytm, and Amazon Pay, dominate the UPI ecosystem, controlling a majority of the transactions

NPCI allows WhatsApp to start payments service in a 'graded' manner

The decision came after the NPCI also issued a statement saying that it had decided to impose a 30% cap on the share of UPI transactions that a single payment application can process

Festive cheer for RuPay cardholders, NPCI offers up to 65% off on purchases

Customers will be able to avail discounts ranging from 10-65 per cent on top brands, including Amazon, Swiggy, Samsung, among others

India leads world, processes 41 mn real-time transactions a day: Report

Real-time payments doubled this year and transaction value increased by 80 per cent, says FIS Global.

UPI transactions stood at Rs 3.29 trillion in September, shows NPCI data

The Unified Payments Interface (UPI) transactions stood at Rs 3.29 lakh crore in September with number of transactions at 1.8 billion, NPCI data showed

UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value

The coronavirus (Covid-19) pandemic has resulted in massive adoption of UPI in the offline and online segments

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Availing of this facility would be at the discretion of the account holder

We don't share customer data with 3rd party outside payments flow: Google

"This is to clarify that press reports on the basis of the affidavit filed by Google before the Delhi High Court, do not represent the complete facts," a Google Pay spokesperson said on Friday

Allowed to share GPay transaction info with NPCI permission: Google to HC

The high court on Thursday listed the matter for hearing on November 10 as the Centre and Reserve Bank of India (RBI) have not filed their responses yet

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

National Payments Corp to take UPI, Rupay global through new subsidiary

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'

UPI transactions hit all-time high of 1.49 billion in July: NPCI data

During the April-July period of 2020-21, the cumulative transactions on UPI reached 6.31 billion. The value transacted stood at Rs 6.31 trillion

NPCI denies security flaws, says customer data completely secured

NPCI said in its statement that in order to thwart cyber-attacks, it has implemented technologies such as perimeter security controls, including various kinds of firewalls, routing controls and others

Lockdown impact: Digital transactions nosedive in April, shows NPCI data

The value of IMPS (Immediate Payment Service) transactions in April fell to about Rs 1.21 trillion in April, from about Rs 2.02 trillion in March

Banks association asks NPCI to scrap MDR on UPI, RuPay card transactions

Finance Minister Nirmala Sitharaman had said in the last Budget that no charge would be levied on UPI and Rupay transactions