When you face unauthorised transactions on UPI, credit/debit cards, or ATM withdrawals, it is crucial to take immediate action. Unauthorised transactions can be stressful, whether a suspicious ATM withdrawal, an unknown online purchase, or a strange UPI transfer. But don’t panic! Here is expert advice to help you recover your funds and secure your accounts. A key … Read more
Paytm has completed the migration of merchant customer accounts from its payment bank to other unified payments interface (UPI) after it received a go-ahead from the National Payments Corporation of India (NPCI). On April 17, One97 Communications Limited (OCL), which runs Paytm, started the customer migration to partner with payment service provider (PSP) banks Axis … Read more
Mobile wallets are gradually gaining popularity in India and it is projected that the digital payment mode will cross traditional methods like cash and cards in the coming years. GlobalData, a leading data and analytics company, in its report, said mobile wallets and their usage is expected to grow at a compound annual growth rate … Read more
The National Payments Corporation of India (NPCI) has added a couple of new features for the RuPay Credit Card users on the Unified Payments Interface (UPI) platform, along with enhancements for credit lines on UPI. Users can now avail of EMI (Equated Monthly Installments) facility on the linked credit accounts through their UPI app. Besides, … Read more
The launching of UPI services in Sir Lanka and Mauritius enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. | Photo Credit: The Hindu India’s Unified Payment Interface (UPI) services were on February 12 rolled out in Sri Lanka … Read more
IndusInd Bank on Tuesday launched its UPI-enabled IndusInd Bank Samman RuPay Credit Card, in association with with National Payments Corporation of India (NPCI) especially for government sector employees. The cards have been launched for government sector employees to provide them with a range of exclusive benefits and enhance their overall banking experience. The Samman RuPay … Read more
The Reserve Bank of India (RBI) is in the final stages of the rollout of the retail central bank-backed digital currency (CBDC) that will be interoperable with the present forms of payment systems, people aware of the developments said. Officials indicated that the platform for CBDC is being hosted by the National Payments Corporation of … Read more
The National Payments Corporation of India has joined hands with brands and aggregators such as bigbasket, Goibibo, MakeMyTrip, JioPay, and PhonePe to introduce tokenization facility for Rupay card users to enhance online transaction security. The facility will be supported by the recently launched NPCI Tokenization System (NTS). Tokenization will allow a seamless and convenient transaction … Read more