Soon UPI payments will become even more trustable. Now whenever you send money to someone, in the app you will see its real bank registered name, not a name extracted from a QR code, the name of the sev contact or the user’s own display name. This new rule has been announced by NPCI (National…
The central government has refused to impose Goods and Services Tax (GST) on transactions worth more than Rs 2,000 through Unified Payments Interface (UPI). Recently some media reports stated that GST may be imposed on transactions of more than Rs 2,000 from UPI. The government has described such reports as completely wrong and misleading. It…
There was a big outage in the UPI service held on 12 April, which disturbed people across the country for a few hours. Now, the National Payments Corporation of India (NPCI) has shared its investigation report regarding this outage. According to the report, the reason for the outage was to send excess “Check Transaction” request…
The scope of digital payments has increased rapidly over the years. The National Payments Corporation of India (NPCI), which operate the Unified Payments Interface (UPI), plans to add 20 to 30 crore new users for UPI. Its retail users have more than 45 crores. India’s contribution to digital transactions in the world has increased to…
Payments from mobile have increased rapidly in the last few years in the country. In the second half of the previous year, the value of transactions was increased to Rs 198 lakh crore with the use of mobile phones. This is an increase of about 30 percent on a year-on-year basis. It has an increased…
The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. Consciousness fees will have to be paid on paying the bill through credit and debit cards on Google Pay, which provides UPI payments facilities. Earlier, there was a service of three rupees for mobile recharge on Google Pay. A media Report According…
There will be a big change for UPI users soon. According to a media report, National Payments Corporation of India (NPCI) has started the process of removing the ‘Collect Payments’ features. This step is being taken in view of the increasing incidence of fraud. With this change, now only large and verified merchants will get…
NPCI has issued new instructions to increase the security and efficiency of UPI transactions, which will be applicable from 1 April 2025. Under these guidelines, bank and payment service providers (PSP) will have to update their data every week through the Mobile Number Revolution List (MNRL) and Digital Intelligence Platform (DIP). Below we are giving…
Millions of people across the country are dependent on UPI for digital payment, but on March 26, when it was suddenly down, the users faced trouble. Transactions on several major apps including Google Pay, PhonePe, Paytm were stopped, causing people to share their displeasure and funny reactions on social media. NPCI did not make any…
In today’s time, UPI has become an important method of digital transaction, people in big cities have become largely dependent on digital payment rather than spending cash. From rickshaw driver to vegetable seller in India, UPI accepts digital transactions, digital transactions are also working in far-flung areas in every corner of the country. In such…