Page 6 - Upi

Have no responsibility to audit members of UPI ecosystem: RBI tells SC

The Reserve Bank of India (RBI), in its affidavit filed in the top court, also said that the matters related to "data privacy and data sharing" come under the domain of the central government

'Pandemic paradox': Cash was king in 2020 as digital transactions increased

Experts cite hoarding as reason for 22% spike in currency in circulation

Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

UPI records over 2 bn transactions for second time in a row in November

Launched in 2016, UPI crossed 1 bn transactions for the first time in Oct 2019. While it took UPI three years to reach a billion transactions in a month, the next billion came in just a year

Fee on money transfers for US, doesn't apply to India: Google Pay

Google Pay had 67 million users in India as of September 19

Cyclone Nivar LIVE: Andhra Pradesh on high alert; IMD cautions heavy rains

Stay tuned for Latest LIVE news

Capping mkt share of UPI players to impact users, may hit adoption: Experts

Google Pay, Walmart's PhonePe and Paytm are among the TPAP players in the fast-growing UPI ecosystem, amid the sustained push for boosting digital payments in the country

Want to send and receive money via WhatsApp Pay? All you need to know

NPCI allowed WhatsApp to start its payments service in the country in a "graded" manner, starting with a maximum registered user base of 20 million in UPI

No fee will be charged for sending money via WhatsApp: Mark Zuckerberg

No fee will be charged when sending money via WhatsApp, said Facebook CEO Zuckerberg following the nod by National Payments Corporation of India for WhatsApp to go live on UPI in the multi-bank model

PhonePe breaches 250-mn user mark; logs 925 mn transactions in October

Walmart-owned digital payments firm hits $277-billion annual TPV run-rate

Paytm accuses Google of trying to dominate India's digital ecosystem

Paytm suggested the global tech giant's move as hypocritical as Google, too, regularly runs similar scratch card campaigns in India under its Google Pay app

Pvt banks charging fee on more than 20 P2P UPI transfers in a month: Report

Defending the move, bankers said that the charges have been introduced in a bid to prevent frivolous transactions from putting a load on the system

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

Top headlines: DoT objects to RCom resolution plan, AGR case update, & more

Here are the top headlines on Thursday morning

India to contribute 2.2% of world's digital payment market by 2023: Report

The Covid-19 pandemic is expected to further amplify the reach of digital payments with people terrified of using cash

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

Delhi HC asks RBI, Centre to respond to plea for action against Google Pay

The petitioner approached the high court after Google Pay did not allow him to contribute to the PM CARES Fund, without making another VPA or UPI ID on its own app.

Lockdown impact: Digital transactions nosedive in April, shows NPCI data

The value of IMPS (Immediate Payment Service) transactions in April fell to about Rs 1.21 trillion in April, from about Rs 2.02 trillion in March

RBI formalises guidelines for regulating payment aggregators, gateways

Payment gateways, says the latest guidelines, will be considered as technology providers or outsourcing partners of banks or non-banks, as the case may be.

Paytm Payments Bank restricts transactions into Yes Bank accounts

"Paytm Payments Bank Ltd (PPBL) today (Friday) announced that they are restricting transaction settlements, including UPI, into Yes Bank accounts to safeguard their users' money," PPBL said in a state