The FinTech Hub
Source: Live Mint The National Payments Corporation of India (NPCI) has sounded the alarm about a growing threat to digital payment users: the “Digital Arrest” scam. This scheme involves cybercriminals impersonating government officials to intimidate individuals into transferring money or disclosing sensitive information. NPCI has provided detailed guidance on how to recognize and avoid falling…
Source: Live Mint Once a user starts using a UPI credit card, it becomes a daily habit. This is why UPI payments are a huge market to tap into with its size almost three times the size of the credit card market, Riya Bhattacharya, founder of a fintech startup Rio Money tells MintGenie in an…
Source: Live Mint In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. For example, for airport lounge access, some banks have either reduced the complimentary visits and/or made the access spend-based. The National Payments Corporation of India (NPCI)…
Source: Live Mint The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India (NPCI) has issued a circular telling the members (including banks and service providers) to ensure that the new limits are adhered to….
Source: Live Mint Setting up UPI for NRIs NRIs must first link their international mobile numbers to their NRE or NRO bank accounts. This step is most important for enabling UPI or Unified Payments Interface transactions with their overseas numbers. Once linked, NRIs can download a UPI-enabled application compatible with international mobile numbers, such as…
Source: Live Mint MUMBAI : Paytm parent One 97 Communications Ltd’s stock rose 8% on Wednesday. While the September quarter (Q2FY25) earnings had a few positives, such as improved traction in merchant loan disbursals and visible cost control efforts, much of this exuberance stemmed from the company receiving the National Payments Corporation of India’s (NPCI)…
Source: Business Standard Dilip Asbe, managing director and chief executive officer (MD&CEO) of the National Payments Corporation of India (NPCI) 3 min read Last Updated : Oct 15 2024 | 8:15 PM IST Even with a lack of a merchant discount rate (MDR) for payments on Unified Payments Interface (UPI), the ecosystem is seeing…
Source: Business Standard The UPI Lite feature enables low-value transactions without requiring a UPI PIN. Photo: Shutterstock 2 min read Last Updated : Oct 09 2024 | 2:30 PM IST The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products….
Source: Business Standard The NPIL, carved out of the NPCI to promote the adoption of India’s payment systems overseas. (Photo: Shutterstock) 1 min read Last Updated : Sep 27 2024 | 12:40 PM IST The overseas arm of India’s National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and…
Source: Business Standard 2 min read Last Updated : Sep 26 2024 | 5:44 PM IST The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification. …
