Page 7 - Upi Transactions

Paytm launches India's first FASTag-based facility at Delhi Metro parking

Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments

PhonePe received a million UPI autopay mandates in past three months

Launched last year, UPI Autopay allows users to set up recurring e-mandates for recurring payments such as mobile bills, power bills, EMIs, OTT subscriptions, insurance, MF among others

At 3.5 billion transactions in August, UPI clocks 120% surge in volume

In value terms, UPI saw transactions worth Rs 6.39 trillion in August, which is again a record high

Customers in limbo as banks, payments firms, RBI seek to settle 2 issues

Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.

NPCI global arm ties up with Mashreq Bank for UPI payments in UAE

NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation

PM Modi launches 'big reform' e-RUPI to make targeted DBT benefits work

It's a digital voucher developed by NPCI that will be transferred directly to mobile phone as an SMS string or QR code, redeemable at merchant points delivering services related to the benefit scheme

All you need to know about e-RUPI, India's newest digital welfare drive

The idea is simple and is being used in the US, Hong Kong and several other countries -- prepaid vouchers meant for specific purposes

UPI logs record 3 bn transactions in July, riding on digital payments

The platform processed transactions worth Rs 6.06 trn in July, up 10.76 per cent from June

ATM networks will have to be reinvented to face the onslaught of technology

Demonetisation provided the first serious wake-up call that cash will not be king for long, and the business of vending it will have to be reworked

NPCI caught between managing UPI growth, curbing dominance of few players

Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions

Digital payment transactions recover in June as Covid-19 lockdowns ease

In March, UPI had recorded a fresh high of 2.73 billion transactions amounting to Rs 5.04 trillion.

Voice critical to get the next 500 million in India to use digital payment

The challenge lies in getting digital transactions done in vernacular in a country with over 20 languages and many more dialects

Paytm makes offer for sale ahead of planned IPO; AGM on June 30

The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan

Walmart's PhonePe crosses 300 mn registered users, merchant network grows

The service now has over 20 million offline merchants across 11,000 towns and talukas in India

Digital Payment transactions decline in May from March-April levels

Cash withdrawal through ATMs, transactions through NEFT and RTGS also decline

India is at the cusp of AI innovation: Infosys chairman Nandan Nilekani

Says govt's focus on setting up transaction systems over past few years has created huge data sets across systems

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value