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The Latest Breaking News from NPCI

Why Is Apple Pay Stuck in India While the World Taps and Pays?

Apple Pay promises simple tap and pay convenience, but in India this experience is still not available. Despite millions of iPhone users and India’s global leadership in digital payments, Apple Pay has not yet entered daily use. Many users feel confused when they see Apple Pay logos online but cannot…

PayPal's new cross-border payments platform looks to make sending money easier for 2 billion users

PayPal's new cross-border payments platform looks to make sending money easier for 2 billion users

PayPal World will facilitate cross-border, multi-currency payments, with launch partners from the US, China, India and Mexico.

UPI gets global launch at Eiffel Tower in France

UPI gets global launch at Eiffel Tower in France

India launches UPI at Eiffel Tower in Paris, marking PM Modi's vision of taking UPI global, with French tie-up.

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MGNREGS deadline for mandatory Aadhaar-based wage payments extended till December 31

Centre has extended, for the fifth time, its deadline to mandate Aadhaar-based wage payments to MGNREGS workers till the end of the year; 41% of job card holders under the scheme are still unprepared

18.3% MGNREGS workers out of Aadhaar-based wage system

The government contends that ABPS accounts plug leaks, ensure speedy payments, and reduce rejections.

HRF and LibTech team flags large-scale deletion of job cards and names of MGNREGS workers in A.P.

A LibTech report has put the deletions in 2022-23 at a whopping 59.6%. A reality check by the team of HRF and LibTech in three villages spread over two mandals in Parvathipuram Manyam district shows that the reasons cited are erroneous in the case of 25 of the 30 beneficiaries.

Soon, AI will let you make a UPI payment using voice

RBI proposes to increase UPI Lite per transaction payment limit to ₹500 and enable 'Conversational Payments' on UPI, 'UPI-Lite' on-device wallet and offline payments on UPI using NFC technology to further deepen digital payments in India. This will help in faster, reliable and contactless mode of payments for everyday small…

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Explained | Daily limit on UPI transactions

Explained | Daily limit on UPI transactions

As transactions facilitated by the Unified Payments Interface (UPI) breach record highs, banks have opted for daily limits. These are over and above the already imposed ceilings mandated by the facilitator, the National Payments Corporation of India (NPCI), in 2021. The idea is to sustain the smoother functioning of the…

Explained: Why IMF called India's direct benefit transfer scheme a 'logistical marvel'

Explained: Why IMF called India's direct benefit transfer scheme a 'logistical marvel'

NEW DELHI: The International Monetary Fund (IMF) has called the deployment of India's direct benefit transfer (DBT) scheme as a 'logistical marvel' which has reached hundreds of millions of people.

The Times of India

No charge for RuPay credit card use on UPI for transaction up to ₹2,000, says NPCI

No charge for RuPay credit card use on UPI for transaction up to ₹2,000, says NPCI

National Payments Corporation of India said the existing process from the app will apply to credit cards too

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

NPCI International Payments Ltd partners with U.K.’s PayXpert

In India's Mobile-Payments Boom, Even Beggars Get QR Codes

In India's Mobile-Payments Boom, Even Beggars Get QR Codes

A beggar in the eastern Indian state of Bihar strolled through a train station one recent weekday, toting a metal pail for cash and a tablet computer with a QR code stuck on the back.

Crypto payments are frozen across India, hitting trading

Crypto payments are frozen across India, hitting trading

BENGALURU: When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the assembled audience that crypto investors would now be able to use…

The Times of India

Regulatory Trouble Ahead? India's Central Bank Distances Itself From Coinbase's UPI Plans

Regulatory Trouble Ahead? India's Central Bank Distances Itself From Coinbase's UPI Plans

As cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) forayed into India and said it was working on getting UPI on its platform for all users — the National Payments Corporation of India, a subdivision of the country's central bank, sought to disassociate itself with the move.

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The Times of India

Individual investors can use UPI for up to Rs 5 lakh payment in public issues

NEW DELHI: Capital markets regulator Sebi on Tuesday said individual investors applying in public issues of equity shares and convertibles can use unified payment interface (UPI) for application amount up to Rs 5 lakh.

IRCTC, NPCI and Bank of Baroda arm launch co-branded credit card for railway customers

Customers can also use the credit card for other shopping purposes

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