Paytm Payments Bank being an issuer and payment service provider bank in itself along with being an acquirer of UPI transactions on its own platform, makes it the source and destination for all of its transactions. So, it effectively serves the customer end-to-end in a transaction.

New Delhi [India], October 12 (ANI): Global payments services provider Worldline has joined hands with NPCI International Payments in a move to expand the acceptance of Indian payment means across Europe.

Nirmala Sitharaman further stated that the future of finance will be driven more and more through banking and related services and account aggregators will play a crucial role in it. “Account aggregator system has been adopted by 21 banks including public sector banks,” she added. New Delhi: Union Finance Minister... The post appeared first on .

New Delhi [India], September 20 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday said Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years.

New Delhi [India], September 7 (ANI/PNN): NPST, one of the fastest growing UPI payment solution providers, and GRAMePAY - a Digital Payments Platform, have entered into strategic partnership to foster the growth across multiple Merchant networks.

Mumbai (Maharashtra) [India], August 18 (ANI): The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI).

New Delhi [India], July 12 (ANI): The National Payments Corporation of India has directed that all Unified Payments Interface (UPI)-based applications while capturing their location or geographic coordinates, must take prior consent from the customers.

New Delhi [India], April 7 (ANI): The National Payments Corporation of India (NPCI) on Thursday clarified that the organization is not aware of any virtual digital asset exchange using the Unified Payments Interface (UPI) for transactions.

Mumbai [India], December 29 (ANI): IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through Unified Payments Interface (UPI).

Bengaluru Dec 28 PTI The Karnataka governments e-Governance department has partnered with the National Payments Corporation of India NPCI and State Bank of India SBI for enabling and implementing e-RUPI a cashless and contactless payment solution to students under its scholarship programme e-RUPI will be used to ensure a leak-proof delivery of education fees of eligible students by paying digitally to the college or institute by the Karnataka government The Karnataka government will get e-vouchers delivered to the mobiles of eligible students The voucher code can be received on the feature phone also The students will be able to redeem e-RUPI at the identified colleges or institutes for the intended purpose of fees payment NCPI said in a release For redeeming e-RUPI the identified institutes will scan the QR code or SMS string displayed by the students using an Application or POS machine and this process will remove the requirement of any physical token delivery for the students to avail of the scholarship it said e-RUPI is indeed a very powerful tool for governments to use as it allows direct transfer of the benefits to the targeted beneficiary with safety and security The instrument ensures that the beneficiary gets the benefit as per the guidelines of the scheme Under this initiative each transaction is mapped with the beneficiary and the institution ensuring that the e-Voucher can be redeemed by the college where the student has enrolled Additional Chief Secretary DPAR e-governance Rajiv Chawla said The Karnataka government has on-boarded around 176 schemes of 35 departments of the state government on the Direct Benefit Transfer Platform Following the successful implementation of this pilot project the state is examining the use of e-RUPI Voucher in other schemes such as seed distribution fertiliser distribution micro irrigation schemes issue of laptops to students and Imparting skilled training the release said We believe e-RUPI is a revolutionary initiative in the direction of ensuring a convenient and leak-proof delivery of schemes This is a win-win for both students and colleges While students receive the voucher they can redeem it only for payment of fees to collegesInstitutes NPCI Chief of Products Kunal Kalawatia said PTI KSU APR APR