npci

India's UPI transactions reached record highs in May, with 23.2 billion transactions valued at Rs 29.90 lakh crore. This growth, driven by summer travel and seasonal spending, signifies a healthy upward trajectory for the digital payments ecosystem. Future expansion is anticipated through Credit-on-UPI and cross-border initiatives.

Indian travellers can now use UPI in Cambodia. This makes payments easier across the country. Over 4.5 million merchants accept UPI. This includes hotels, restaurants, and transport. Travellers no longer need to carry large amounts of cash. This partnership with ACLEDA Bank simplifies travel. Cambodian travellers will also be able to use their payment apps in India soon.

Nepal's Foreign Minister Shisir Khanal on Sunday called for a stronger development-oriented partnership with India, stressing on the revival of dormant bilateral mechanisms and high-level political exchanges to resolve issues such around boundary. During his visit, discussions covered trade, connectivity, energy, water resources, and people-to-people ties, with a focus on economic growth and innovation.

India's National Payments Corporation of India (npci) has launched UPI Lite to streamline small transactions. This feature allows users to make instant, PIN-free payments for everyday purchases, reducing checkout time and bank statement clutter. By maintaining a small balance, users can enjoy a more convenient and efficient payment experience for micro-transactions.

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

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

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.”

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.”