npci

Deputy Chief Minister Pravati Parida released over Rs 61 crore to more than 79,000 women previously excluded from the Subhadra scheme due to technical and verification issues. This direct benefit transfer aims to ensure all eligible women receive financial empowerment, with a focus on resolving pending cases and expediting inclusion.

FM, Vaishnaw Meet Banks And Regulators

Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here are some of the key revisions scheduled for implementation from the start of the new financial year.

International visitors attending the India AI Impact Summit can now use the 'UPI One World' wallet for seamless payments. This pilot initiative by npci allows travellers from over 40 countries to make secure, real-time Person-to-Merchant UPI transactions. The service, available at New Delhi Airport and the summit venue, simplifies payments by eliminating cash and foreign exchange hassles.

Digital payments body National Payments Corporation of India (npci) is gearing up to setup a new payments platform called Vajra that will be based on 'Distributed Ledger Technology' (DLT). With this DLT-based platform, the npci team aims to “provide highly secure and tamper-evident transactions stored in a distributed and immutable database.”

Foreign delegates at the India AI Impact Summit can now use UPI for payments without an Indian SIM or bank account. npci's 'UPI One World' pilot allows visitors from over 40 nations to make real-time person-to-merchant transactions using the CheqUPI app, easing their stay and showcasing India's digital payment prowess.

The National Payments Corporation of India (npci) has set up a subsidiary with the primary objective of taking RuPay and Unified Payments Interface (UPI) to other countries and transform these services from a purely domestic network to a regional network.

Shares of One97 Communications surged by 6.50% after the National Payments Corporation of India (npci) approved Paytm to onboard new UPI users. This relief follows earlier Reserve Bank restrictions on Paytm Payments Bank. Paytm must adhere to all npci procedural guidelines, including risk management and customer data.

npci approves OCL as TPAP on UPI network. Paytm transitions to multi-bank model. Vijay Shekhar Sharma thanks npci. Major banks provide payment services. Yes Bank to handle merchant acquisitions and autopay mandates.

National Payments Corporation of India (npci) on Friday said transaction through Unified Payment Interface (UPI) platform would continue to be free.

The National Payments Corporation of India has ordered fintech firms to stop using UPI APIs for unauthorised purposes, such as user authentication. This violates npci and RBI guidelines, and firms must comply or face penalties or cessation of UPI services.

National Payments Corporation of India (npci) has proposed to telecom companies a tiered-price structure for enabling mobile banking using the short code *99# across service providers.

npci extends UPI payments to UAE for Indian travelers/NRIs via QR codes at PoS, facilitated by npci International and Network International. CEO Ritesh Shukla praised convenience amid growing GCC Indian traveler numbers. UPI is now in Nepal, Singapore, Sri Lanka, Mauritius, France, and Bhutan. npci plans further UPI expansion to 20 countries in the next five years.

The npci has clarified that Google Pay has not been banned by the RBI. In a statement, npci said, “We would like to clarify that Google Pay is classified as Third Party App Provider that also provides UPI payment services like many others, working through banking partners and operating under the UPI framework of npci. All authorised TPAPs are listed on the npci website.”

National Payment Corporation of India (npci) has launched an artificial intelligence (AI)-based chatbot to create awareness around its digital payment platforms

National Payments Corporation of India (npci) on Tuesday said that e-toll collection via Fastags now accounts for 25% of total toll collected in India, and it hopes to increase this number to 50%.

A blockchain or distributed ledger is a continuously growing list of encrypted transactions called blocks. A block may contain any type of data such as unique digital identifiers of physical products. The National Payments Corporation of India (npci) is an umbrella organisation for all retail payments in India. It was set up with the guidance and support of the RBI and the Indian Banks Association (IBA).