Page 4 - Unified Payments Interface

RBI allows use of UPI and other non-bank payment methods to link FASTags

Move to boost NETC, foster competition among system participants; turnaround time for resolving failed transactions will be applicable to the transactions carried out in the NETC system

As UPI gears up for global markets, Indian fintechs smell opportunity

Indian fintechs have already started getting enquires from other developing economies to customize UPI for them. Expect UPI launch by April 2020

Digital payments: Google wants US Fed to replicate India's UPI model

Launched in 2016, the UPI is the country's flagship real-time payments system

Number of UPI transactions up 6% at 1.2 bn in Nov; value falls marginally

While the number of UPI transactions during November rose to 1.22 billion from 1 billion in October, the combined value of these declined marginally to Rs 1.89 trillion from Rs 1.91 trillion

UPI transactions in July-Sep up 183% at 2.7 bn; value jumps to Rs 4.6 trn

The number of transactions done on mobile wallets was 1.04 billion, an increase of just 5 per cent over previous year period while the value of transactions in the July-September period was Rs 466 bn

Banking with Google

Regulators need to be watchful about sensitive financial data

Sebi extends timeline for UPI Phase II implementation till March 2020

The decision has been taken after consultation with various intermediaries and National Payments Corporation of India (NPCI).

UPI system payments glitch: Sebi knocks on RBI-regulated NPCI's door

Several investors were irked for failing to get allotment in the hugely successful IRCTC issue

Snooping row: Govt mulls safety audit of WhatsApp Pay; launch to be delayed

Last week, Facebook-owned WhatsApp said it was filing a federal complaint in the US against Israeli technology firm NSO Group

Google, Walmart drive UPI payments past 1-billion transaction mark in Oct

Amazon and Google now vie with local start-up Paytm, Walmart-PhonePe and a host of other players in a digital payments market forecast to quintuple to $1 trillion by 2023.

Introduction of UPI route has hurt retail applications for IPOs: Experts

Sebi has acknowledged that investors could be facing issues using the UPI payment method

Bug creates unified payments interface IDs, Truecaller recalls app update

The firm said a new version with the fix will be available shortly for the affected users

Value of UPI transactions beat cards in first three months of Q4: NPCI

UPI has seen exponential growth between March 2018 and March 2019

UPI touches nearly 800 mn transactions, amounting to Rs 1.3 trn in March

The amount transacted through BHIM until February was Rs 5,624 crore

UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner

The move will help reduce the time period between closing of an initial public offering (IPO) and listing of the security from six working days to just three working days

UPI transactions spike on back of version 2.0; August volume up 32%

UPI 2.0 is also expected to boost the value of transactions

Urjit Patel unveils UPI 2.0 with enhanced features developed by NPCI

The first version of UPI was launched in 2016

How BHIM app users are making easy money by using govt's cashback scheme

Lakhs of people have monetarily benefitted from the government's digital payments push

UPI transactions grow fastest in six months, up 30% at 246 mn in June

Value of transactions rose 22% from Rs 332 bn to Rs 408 bn between May and June

DocsApp ties up with PhonePe enabling faster payment via UPI

DocsApp has also facilitated direct payment from the mobile balance, a mode of payment used largely by the rural populace