News

Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida One97 Communications Limited (OCL), which owns the brand Paytm, India’s leading payments and financial services distribution company and pioneer of QR, Soundbox and mobile payments, took its Diwali celebrations to new heights with a spectacular drone light show at its Noida headquarters. Hosted in the presence of Paytm's visionary CEO, Vijay Shekhar Sharma, the dazzling display celebrated the festival of lights. The event began with excitement as teams gathered to enjoy the evening ...
Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida
Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida
Source: PR Agency
2024-11-05 05:39:00 pm
Innovation thrives in harmony, not isolation: Jyotiraditya Scindia sets stage for historic WTSA 2024 Setting the stage for the historic World Telecommunication Standardisation Assembly (WTSA) 2024 in India -- which is being hosted for the first time in the country as well as in Asia-Pacific – Union Minister of Communications Jyotiraditya Scindia on Monday inaugurated the fifth Global Standards Symposium (GSS-24) here.   The symposium, organised by the International Telecommunication Union (ITU), brought together about 1,500 leading policymakers and experts from across the globe...
Innovation thrives in harmony, not isolation: Jyotiraditya Scindia sets stage for historic WTSA 2024
Innovation thrives in harmony, not isolation: Jyotiraditya Scindia sets stage for historic WTSA 2024
Source: IANS
2024-10-15 10:26:01 am
Perspective on UPI transactions done in September by Mr. Sunil Rongala, Senior Vice President, Head – Strategy, Innovation & Analytics, Worldline India Below the Perspective on UPI transactions done in September by Mr. Sunil Rongala, Senior Vice President, Head – Strategy, Innovation & Analytics, Worldline India   “The September UPI transaction numbers reflect, once again, how UPI has become a part and parcel of digital transactions in India. It been embraced as the payment of choice among millions of buyers as well as merchants. The most interesting thing about the statistic is when September transactions are...
Perspective on UPI transactions done in September by Mr. Sunil Rongala, Senior Vice President, Head – Strategy, Innovation & Analytics, Worldline India
Perspective on UPI transactions done in September by Mr. Sunil Rongala, Senior Vice President, Head – Strategy, Innovation & Analytics, Worldline India
Source: Worldline India
2024-10-01 04:46:06 pm
Going global: UAE merchants accept Rupee via UPI to attract Indian customers The government of India has been promoting UPI as a global payment platform. Now merchants in the United Arab Emirates (UAE) are accepting payments via UPI in Rupees to attract Indian customers. One of the biggest retail companies in the UAE, Lulu has started giving customers the option to accept payments through UPI in all its stores in the country. Indian citizens can easily make payments using the UPI app just like in India. The amount paid will be deducted from their bank account in...
Going global: UAE merchants accept Rupee via UPI to attract Indian customers
Going global: UAE merchants accept Rupee via UPI to attract Indian customers
Source: IANS
2024-08-17 01:42:15 pm
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday.  “UPI has become the most preferred mode of payment, due to its seamless features. Currently, the transaction limit for UPI is capped at Rs 1 lakh. Based on the various use cases, the Reserve Bank has periodically reviewed and enhanced the limits for a few categories like capital markets, IPO subscriptions...
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Source: IANS
2024-08-08 01:48:53 pm
Over 1.73 lakh panchayats using UPI for digital payments: Union Minister As the unified payments interface (UPI) technology continues to empower millions of users, more than 1.73 lakh panchayats in the country are now UPI-enabled, able to collect payments digitally.  According to Union Minister of State for Panchayati Raj, Professor S.P. Singh Baghel, rural citizens can now make tax and non-tax payments digitally, thereby strengthening the financial capabilities and local governance of the Panchayati Raj Institutions (PRIs). They can pay property tax, w...
Over 1.73 lakh panchayats using UPI for digital payments: Union Minister
Over 1.73 lakh panchayats using UPI for digital payments: Union Minister
Source: IANS
2024-08-08 10:02:37 am
Credit card spendings via UPI platform touch new high The Unified Payments Interface (UPI) platform, a flagship of the Indian Digital Public Infrastructure (DPI) which has gone global, has added another feather to its cap.  According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spendings via UPI has touched Rs 10,000 crore a month. The NPCI CEO also informed that credit lines on UPI account has reached about Rs 100-Rs 200 crore, as the remainder comes from the RuPay credit ...
Credit card spendings via UPI platform touch new high
Credit card spendings via UPI platform touch new high
Source: IANS
2024-08-07 11:06:32 am
India's non-cash payment on e-com platforms rose over 58 pc in 2023 India has witnessed the fastest jump in alternative remittance share for e-commerce payments in the Asia-Pacific (APAC) region, from 20.4 per cent in 2018 to 58.1 per cent in 2023, a new report has said.  According to the data and analytics company GlobalData, this jump can be attributed to the widespread usage of mobile wallets, largely driven by UPI (Unified Payments Interface), which enables mobile payments in real time simply by scanning QR codes. The report highlighted that al...
India's non-cash payment on e-com platforms rose over 58 pc in 2023
India's non-cash payment on e-com platforms rose over 58 pc in 2023
Source: IANS
2024-06-18 12:24:40 pm
PhonePe partners with PickMe to enable contactless payments for Indian travellers in Sri Lanka PhonePe, today announced its collaboration with PickMe, Sri Lanka’s leading ride-hailing platform, to enable seamless UPI-based QR payments for Indian travellers in Sri Lanka. The partnership signifies a major step forward in enhancing their travel experience through the convenience of cashless transactions on their PickMe rides from the moment they exit the Bandaranaike International Airport. While travelling, managing foreign currency and ensuring enough cash on hand for various ex...
PhonePe partners with PickMe to enable contactless payments for Indian travellers in Sri Lanka
PhonePe partners with PickMe to enable contactless payments for Indian travellers in Sri Lanka
Source: PR Agency
2024-06-11 04:57:52 pm
ICICI Bank now lets NRIs use international numbers for UPI payments in India  ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India. This will allow the bank's NRI customers to make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account held with ICICI Bank in the country. "This launch reinforces our commitment to provide our NRI customers ...
ICICI Bank now lets NRIs use international numbers for UPI payments in India
ICICI Bank now lets NRIs use international numbers for UPI payments in India
Source: IANS
2024-05-07 09:59:22 am
NPCI partners Bank of Namibia to develop UPI-like payment system NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Thursday said that it partnered with the Bank of Namibia (BoN) to support them in developing a Unified Payment Interface (UPI)-like instant payment system for the country. The partnership aims to assist Namibia modernise its financial ecosystem by leveraging India's UPI technology and experience. This includes improving accessibility, affordability, connectivity wi...
NPCI partners Bank of Namibia to develop UPI-like payment system
NPCI partners Bank of Namibia to develop UPI-like payment system
Source: IANS
2024-05-02 05:42:46 pm
Travel searches for Ayodhya grew by 585 pc, Ujjain by 359 pc Travel searches for Ayodhya increased by 585 per cent, Ujjain by 359 per cent, and Badrinath by 343 per cent in 2023, as compared to 2022, a new report showed on Monday. According to the online travel company MakeMyTrip, searches for destinations with or around religious spots grew 97 per cent in the last two years in Tier-2 and Tier-3 cities. "As India emerges as a formidable force in the tourism sector, these insights can help bridge the demand and supply gaps in the travel and h...
Travel searches for Ayodhya grew by 585 pc, Ujjain by 359 pc
Travel searches for Ayodhya grew by 585 pc, Ujjain by 359 pc
Source: IANS
2024-04-22 03:43:48 pm
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI National Payments Corporation of India (NPCI) unveils ‘RuPay – Link it, Forget it’ campaign at Indian Premier League (IPL). Conceptualized by DDB Mudra Group, the campaign aims at increasing awareness about RuPay Credit cards which can be linked to a UPI ID, thus directly enabling safe, and secure payments. With the introduction of RuPay Credit Card on UPI, the concept of purposely leaving the physical wallet isn't just a convenience; it's becoming a lifestyl...
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
Source: PR Agency
2024-04-19 08:46:03 am
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations CIFDAQ Blockchain Ecosystem Ind Limited, a Fintech New Age Blockchain company dedicated to transforming the blockchain landscape through its pioneering approach to crafting a scalable, comprehensive artificial. Intelligence-powered blockchain ecosystem for enhanced security in exchanges and MPC wallets, we proudly welcome Sanjay Saxena as Co-Founder and CEO, India and South East Asia (SEA) Operations.   Sanjay Saxena brings with him a wealth of expertise an...
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Source: PR Agency
2024-04-16 03:16:54 pm
Bajaj Allianz Life introduces premium payment options on WhatsApp  Bajaj Allianz Life Insurance on Tuesday said that it partnered with Meta to introduce premium payment options on WhatsApp for customers to seamlessly manage their policies and payments all in one place. With this, customers can effortlessly pay their premiums through various payment modes like net banking, credit cards, and UPI directly within the WhatsApp interface. "With the new premium payment option on the platform, customers will now have an even more enhanced and seamle...
Bajaj Allianz Life introduces premium payment options on WhatsApp
Bajaj Allianz Life introduces premium payment options on WhatsApp
Source: IANS
2024-04-09 02:55:15 pm
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more PAI Platforms Pvt Ltd has announced Holi 2024 sale, ending on March 25, offering exciting offers on Gujiya, Thandai, Holi special food delivery combos on Paytm se ONDC Network. With this, users can shop for a wide range of curated products at discounts up to 70% across various categories such as Food Delivery,  Grocery, Beauty & Personal Care, and Food. This provides an opportunity to users to order from a host of products from famous brands such as Bikanervala, The Man Company, e...
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more
Source: PR Agency
2024-03-23 09:55:31 am
`Not leaving Paytm,` say co`s biggest merchants - from BIBA, Hotspot Retail Pvt. Ltd. to Arvind Limited and more; continue to trust the company for best payments Leading industry players endorse Paytm's innovative payment solutions, spanning diverse sectors from retail to entertainment and affirming its status as a trusted payment partner. Top brands such as Arvind Limited, Smaaash, BIBA, and others who are long-time users of Paytm's products, have voiced their support for its excellent services, noting no disruptions in payments and expect Paytm to come out stronger. Merchants across the country are supporting Paytm considering their payme...
`Not leaving Paytm,` say co`s biggest merchants - from BIBA, Hotspot Retail Pvt. Ltd. to Arvind Limited and more; continue to trust the company for best payments
`Not leaving Paytm,` say co`s biggest merchants - from BIBA, Hotspot Retail Pvt. Ltd. to Arvind Limited and more; continue to trust the company for best payments
Source: PR Agency
2024-02-13 10:28:18 am
Zomato gets RBI approval to operate as 'online payment aggregator' Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato Payments Private Limited (ZPPL) has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payment Aggregator'. The authorisation came into effect from January 24. "We wish to inform that ZPPL has been granted a certificate of authorisation dated January 24, 2024, from the RBI to operate as an ‘Online Payment Aggregator&...
Zomato gets RBI approval to operate as 'online payment aggregator'
Zomato gets RBI approval to operate as 'online payment aggregator'
Source: IANS
2024-01-25 05:13:53 pm
Google Pay India joins NPCI International to expand UPI payments globally Google India Digital Services Out Ltd on Wednesday signed a memorandum of understanding (MoU) with the NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), to expand the transformative impact of UPI to countries beyond India. The pact seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad. The MoU also intends to assist in establishing UPI-like dig...
Google Pay India joins NPCI International to expand UPI payments globally
Google Pay India joins NPCI International to expand UPI payments globally
Source: IANS
2024-01-17 01:41:24 pm
Key UPI transaction changes that come into effect in New Year The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences. The National Payments Corporation of India (NPCI) have instructed payment apps to deactivate inactive UPI IDs that have not been active for more than one year. The NPCI has also announced the launch of 'UPI for Secondary Market' in its Beta phase. HDFC Bank has executed transactions via the NPCI's UPI payments app as ...
Key UPI transaction changes that come into effect in New Year
Key UPI transaction changes that come into effect in New Year
Source: IANS
2024-01-02 09:24:13 am
Mirae Asset Mutual Fund launches UPI AutoPay Mandate Mirae Asset Mutual Fund, one of the fastest-growing fund houses in India, today announced the launch of UPI AutoPay Mandate for SIP registrations. This is one of its kind Industry initiative jointly developed by Mirae Asset Mutual Fund, KFintech & BillDesk to help investors of Mirae Asset Mutual Fund to register SIP mandate using UPI AutoPay feature simplifying the overall investment process which reduces the investment time, thereby improving the overall investment experience. ...
Mirae Asset Mutual Fund launches UPI AutoPay Mandate
Mirae Asset Mutual Fund launches UPI AutoPay Mandate
Source: PR Agency
2023-11-09 05:50:10 pm
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies Below The Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Founder & MD, Sarvatra Technologies "The Unified Payments Interface (UPI) has consistently achieved remarkable milestones in terms of transaction volume. Each month, UPI surpasses its previous records, attributed to the continuous introduction of new features and use-cases by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), aimed...
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies
Reaction on UPI transactions crossing 11 billion during the festive season By Mandar Agashe, Sarvatra Technologies
Source: PR Agency
2023-11-01 06:06:57 pm
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card Axis Bank is currently trading at Rs. 1015.00, up by 2.60 points or 0.26% from its previous closing of Rs. 1012.40 on the BSE.The scrip opened at Rs. 1018.00 and has touched a high and low of Rs. 1025.60 and Rs. 1012.10 respectively. So far 64236 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1047.45 on 20-Sep-2023 and a 52 week low of Rs. 774.55 on 11-Oct-2022.Last one week high and low of the scrip stood at Rs. 1025.60 and Rs....
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card
Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card
Source: Accord Fintech
2023-10-11 02:25:01 pm
UPI set to drive festive sales this year, electronics to be top choice again  About 81 per cent of consumers intend to shop online during this festive season in India, while one in two consumers are willing to increase their spending compared to last year, a new survey report showed on Monday, as UPI-based transactions rise in the country.Digital payment methods are on the rise, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping.In addition, 57 per cent indicated that their preferred digital payment ...
UPI set to drive festive sales this year, electronics to be top choice again
UPI set to drive festive sales this year, electronics to be top choice again
Source: IANS
2023-09-25 04:24:10 pm