The FinTech Hub
Source: Live Mint The National Payments Corporation of India (NPCI) has rolled out a regime of faster response time of UPI (Unified Payments Interface) transactions. In a recent circular dated April 26, National Payments Corporation of India (NPCI) has announced a set of revised timelines for different category of UPI transactions. For request pay and…
Source: Live Mint The National Payments Corporation of India (NPCI) will remove UPI IDs connected with inactive mobile numbers from April 1. Users with such mobile numbers will not be able to use payment apps such as Google Pay, Paytm, PhonePe, etc. Why is NPCI taking action against inactive numbers? According to NPCI, inactive mobile…
Source: Live Mint India must democratize AI to establish itself as a global leader in artificial intelligence, AI experts deliberated at the Mint AI Summit 2025. They highlighted the need for collaboration across multiple sectors, including public-private partnerships, universities, and scholars. Currently, India lags in AI PhD holders and faces significant infrastructure challenges, particularly in…
Source: Live Mint National Payments Corporation of India (NPCI) has rolled out a latest circular to deal with rollout of numeric UPI ID mapper to enable UPI number. A UPI steering committee meeting was held on July 16, 2024 and multiple working group discussions for UPI numbers were held which were aimed at enhancing interoperability and user…
Source: Live Mint Several new rules for FASTag will be implemented starting Monday, February 17, 2025, aimed at streamlining toll transactions. These changes, as outlined in circulars from the National Payments Corporation of India (NPCI), are designed to enhance the efficiency of toll payments and improve security. Here’s everything you need to know to avoid…
Source: Live Mint National Payments Corporation of India (NPCI) has issued fresh instructions with regards to UPI transactions relating to auto acceptance and rejection of chargebacks basis the Transaction Credit Confirmation (TCC) and returns. The digital payments body has rolled out auto acceptance and rejection of chargebacks basis the TCC/RET raised by the beneficiary bank…
Source: Live Mint Capital markets regulator Securities Exchange Board of India (Sebi) has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. Notably, this is not a final announcement but a part of the Sebi’s consultation paper…
Source: Live Mint Do you often use UPI for making your sundry payments – whether it is about paying your Uber driver, for online shopping, or to pay for the roadside chai? If that is the case, then you must have noted that your UPI app generates a transaction ID as you transfer the money….
Source: Live Mint Banks that are part of unified payment interface ( UPI) functionality tend to lose access to URCS or Unified Real-time Clearing and Settlement if they enter the wrong password three times. In such instances, banks are compelled to reach out to the National Payments Corporation of India (NPCI) to reset the password…
Source: Live Mint Thanks to UPI One World, foreign nationals and non-resident Indians can now make hassle-free payments across India seamlessly. Whether you’re a first-time overseas visitor, an NRI returning to reconnect with home, a health tourist, a student or even if you’re catching up with long-distance friends, UPI One World simplifies your payment needs,…
