Industry experts believe that initiatives like the Digital India campaign have aimed to bridge the digital divide and empower citizens with access to digital services, including payments
1 min read15 Mar 2024Most fintech players believe that crackdown on Paytm Payments Bank is a setback, albeit temporary, and does not encapsulate the state of affairs of the industry. They also assert that the UPI’s success story is yet not ripe, and has several more milestones to achieve
3 min read29 Feb 2024The banking regulators of India and Nepal signed and exchanged Terms of Reference for integration of cross border payment between the two countries.
1 min read16 Feb 2024Sophisticated tactics employed by hackers to exploit UPI vulnerabilities have resulted in a surge of fraud cases in India, including phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning.
1 min read2 Feb 2024Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning are common fraud methods.
3 min read2 Feb 2024It is believed that this partnership will help accelerate UPI’s global acceptance, providing foreign merchants access to Indian customers who do not need to rely on foreign currency or forex cards for making digital payments.
2 min read18 Jan 2024The users of BHIM, PhonePe, and Paytm apps can receive remittance from Singapore via UPI. Additionally, some banks have also rolled out this functionality through their apps which include Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and SBI.
1 min read11 Jan 2024NPCI has instructed banks, payment service providers and UPI applications to increase transaction limits for hospitals and educational services, RBI, UPI new limit
1 min read3 Jan 2024UPI transactions continue to rise and total monthly transaction amount touched ₹18.23 lakh crore, 54 percent year-on-year higher than Dec 2022.
1 min read2 Jan 2024The process of deactivation will be done by the third-party application providers and PSP which will identify UPI IDs and associated UPI numbers and phone numbers of customers who have not carried out any transaction for one year from their UPI ID.
1 min read30 Dec 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared