npci

Mass retail payments platform Unified Payments Interface, popularly known as UPI, posted yet another life high in August. The platform processed 6.57 billion (657 crore) transactions, totalling ₹10.73 trillion, data released by the…

MUMBAI: The National Payments Corporation of India has asked payment apps to stop charging a platform fee for payments enabled on the Bharat Bill Payment Platform. This is in light of the RBIcoming out with a discussion paper on payment…

NEW DELHI: India has witnessed a revolution in the digitalpayment space aided by the massive adoption of smartphones. The demonetisation move announced by the Centre in 2016 and the Covid-19 pandemic have triggered deeper acceptance of…

Apps used for making Unified Payment Interface (UPI) transactions must collect users’ location data only with their consent, the National Payments Corporation of India (NPCI) has said. In a circular dated July 5, NPCI has notified UPI…

UPI-enabled digital transaction remained above Rs 10 lakh crore in June for the second month in a row, data from NPCI showed on Friday. However, it was down by nearly 3 per cent from the previous month. The transaction value under…

File photo for representation purpose onlyNEW DELHI: There is no way a smartwatch can be used to scan a FASTag and siphon money from it, the National Payments Corporation of India and Paytmhave said in response to a video that is being…

The National Payments Corporation of India has issued a clarification that explains that NETC FASTag ecosystem is not compromised and cannot be easily tampered with, as was recently demonstrated in a viral video. The NETC FASTags cannot…

The Goods and Services Tax (GST) council is likely to take up a proposal for stricter scrutiny and verification of highrisk taxpayers ahead of the next level of reforms in the indirect tax framework that completes five years of roll-out…

NEW DELHI: Dispelling rumours doing the rounds on social media that one should be cautious while driving on highways as those pretending to clean the glass of cars can defraud the owner by wiping on FASTag, the NPCIon Saturday clarified…

Payments companies and banks are at loggerheads over the sharing of government-granted subsidies for building payment infrastructure, said three people with knowledge of the matter. The companies have written to the National Payments…