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Source: Live Mint The market regulator has proposed linking trading accounts with SIM cards and making biometric authentication mandatory to enhance security in online trading and protect investors from unauthorized transactions. The Securities and Exchange Board of India (Sebi) acknowledged that with the rapid evolution of technology and the increasing use of web-based and mobile…
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 There is no denying the fact that Unified Payment Interface (UPI) has become quite pervasive and it is relied upon for most sundry transactions. In the past few years, most youngsters have switched from debit and credit cards to digital payments via UPI. The latest NPCI data suggests that UPI achieved a…
Source: Live Mint Unified Payments Interface, or UPI, is one of the most convenient ways to carry out a transaction. Merely by scanning a QR code or by entering a few keys into your smartphone, you can transfer the money online. Alternatively, you can use a credit card that needs to be swiped or touched at a PoS (point…
Source: Live Mint A credit card is undoubtedly a powerful weapon in today’s time and age to make online payments. Not only does it offer a great degree of convenience and comfort but gives a number of rewards and cashbacks. Meanwhile, it is important to remember that UPI payments are growing faster than card payments. Payments via UPI…
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 India’s Unified Payments Interface (UPI) transactions rose to 16.73 billion for the month of December 2024, according to data collected from the National Payments Corporation of India (NPCI) website. This rise is killing the nation’s Toffee or candy business. The transactions rose 8 per cent month-on-month (MoM) to its December level, when…
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 Reserve Bank of India governor Shaktikanta Das (Photo: Shutterstock) 4 min read Last Updated : Oct 14 2024 | 11:26 AM IST With India being one of the few large economies where there is a 24×7 real-time gross settlement system (RTGS), the feasibility of expanding RTGS to settle transactions in major…
Source: Business Standard 1 min read Last Updated : Oct 02 2024 | 11:28 PM IST Average daily transactions on India’s unified payments interface (UPI) surged over eightfold, from 60 million in September 2020 to over 500 million by September this year since the pandemic. In September 2024 alone, UPI processed 15.04…
