At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards.
It was a normal day with nothing new. But very little did this Software Engineer from Odisha know he will get appreciated by PM Narendra Modi for his work.
New Delhi: Digital transactions processed at physical touch points such as grocery stores, fuel stations, clothing & apparel, pharmacies, restaurants and specialty retail together accounted for 80 per cent in…
New Delhi: Unified Payments Interface (UPI) payments in June reached 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore, as per National Payments Corp of India (NPCI) data. The number of transactions was recorded at 999 million worth Rs 1.51 lakh crore in April, the first full month after the […]
Bhubaneswar: Odisha has made a mark in digital transactions. State is emerging as a cashless hub in the country as it figured among the top-10 ‘BHIMS’ (big players) in cashless payment. As per data available with the National Payment Corporation of India (NPCI) and RBI, in the list of states with high cashless transactions, Odisha […]
Mumbai: Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation. The central bank has also proposed that FASTags would be enabled […]
New Delhi: Facebook is inching closer to launch much-anticipated WhatsApp Pay in India and will soon have a positive news to share, the company’s CEO Mark Zuckerberg has said. Data compliance issues and regulations have kept WhatsApp Pay launch in abeyance for quite some time, despite a successful test run of the payments service with […]
New Delhi: Google Play Store has now added Unified Payments Interface (UPI) as a payment option for its users in India, according to media reports. Google Play Store in India currently supports credit cards, debit cards, net banking and carrier billing via Airtel and Vodafone, Google Play Gift Cards and Google Play Balance, and through […]
Mumbai: Reliance Energy announced on Friday it has become the first utility to link up with Google for its Google TEZ, a Unified Payments Interface (UPI)-based payment platform. Customers can now download the TEZ app and identify their bank account through their registered phone banking mobile number which would be mapped to the bank account […]
New Delhi: Tech giant Google on Monday joined the bandwagon of Unified Payment Interface (UPI) -based payment apps launching its “Tez” app. Tez, which means fast in Hindi, is a standalone payments app that can be downloaded on Android and iOS devices. It is based on UPI — a payments protocol built by government-backed National Payment […]
New Delhi: Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform. This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India, […]
San Francisco/New Delhi: WhatsApp will soon facilitate instant money transfer via the Unified Payments Interface (UPI) transaction system, shows a new Beta update by the Facebook-owned mobile messaging platform. According to a blog website WABetaInfo late on Wednesday, WhatsApp was finally giving shape to its plans towards bank-to-bank transfer using the UPI system. In the […]