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Tech

The possibility of UPI is expected to result in a multitude of customer-related merchant benefits due to an increase in footfall and spending from Indian tourists

NPCI Working On Setting MDR On UPI-RuPay Credit Cards Likely To 2%

1.5 per cent of the 2 per cent MDR will go to the issuing bank and the remaining will be shared by the acquiring entity and RuPay

Wary Of Foreign Duopoly In UPI, MPs To Raise Issue In Parliament

Economy

The top two players have been commanding more than 80 per cent market share together for a long time now, an MP pointed out citing the NPCI data

Zaggle Gets Selected By NPCI, MeitY To Showcase Solutions At Digital India Week 2022

Out of 50+ entries, NPCI and MeitY hand-picked Zaggle for its innovative and state-of-the-art solutions

Cashfree Payments Partners With NPCI To Provide Tokenisation Solutions On RuPay Cards

Token Vault supports all major card types: credit cards, debit cards, prepaid cards, and corporate cards

IndusInd Bank Partners With NPCI To Offer Cross-border Payments Via UPI

With this initiative, IndusInd Bank has become the first Indian bank to go live on UPI for Cross Border Payments/NRI remittances. The MTOs will use its channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.

BoM Partners With NPCI To Launch Contactless Credit Card On RuPay

The BOM Platinum RuPay Contactless Credit Card has been specially curated with a range of benefits suiting the requirement of the customers.

WhatsApp Adds Rupee Symbol In Chat Composer To Ease Sending Payments

WhatsApp India Director Payments Manesh Mahatme said the company believes that true inclusion is when customers don't have to navigate their way through their phone to make a payment.

NPCI Looks At USD 1 Trillion Worth Of Transactions Through UPI On Annual Basis

The NPCI chief said there is a large number of merchants who are accepting digital payments, including the smaller merchants, which is well over 50 million.

UPI Transactions Surge To Rs 5.47 Lakh Crore In Jun

Companies & Markets Sector Reports

The Unified Payments Interface (UPI) of NPCI allows financial transactions by bringing multiple bank accounts into a single mobile application.

Customer Privacy, Data Protection Non-Negotiable: RBI Dy Governor

Economy India

RBI and NPCI came out with a payment system like UPI and released its Application Programming Interfaces (APIs) for the banks and third-party app providers to build upon.

NBFCs Seek Simpler Methods For Cancellation Of NACH Mandate

Small NBFCs have with great difficulty convinced their customers to use electronic/non-cash means for EMI (equated monthly instalment) payments, but still the prevalence of cash repayments is significant

SBI Payments, NPCI Launch Solution To Enable Contactless Transactions