Articles with tag: national payments corporation of india

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PhonePe to go public as a separate entity by 2023

24 Aug 2020 | Mobile Payments

Walmart-owned digital payments platform PhonePe has been reportedly working to go public by 2023 as a separate entity in the US or India, reporting a valuation of USD 7 to USD 10 billion.

PhonePe, Walmart, US, India, MDR, UPI, initial public offering, Google Pay, the National Payments Corporation of India, NPCI, recurring payments

Google Pay, PhonePe, NPCI to launch recurring payments through UPI

10 Aug 2020 | Online Payments

PhonePe and Google Pay have partnered with the National Payments Corporation of India (NPCI) to offer recurring payment mandates to their users.

PhonePe, Google Pay, National Payments Corporation of India, NPCI, India, trecurring payments, auto-debit, monthly payments, UPI, UPI PIN

SBM Bank rolls out new co-branded business credit card

30 Jul 2020 | Cards

SBM Bank India has partnered with YAP, EnKash, and RuPay to launch the SBM EnKash RuPay Business Card in India. 

SBM bank, business credit card, co-branded, India, Yap, EnKash, RuPay, SBM EnKash RuPay Business Card, digital onboarding, small businesses, startup, API platform, banking, payments, B2B payments, card platform, National Payments Corporation of India, NPCI, expense tracking, bill payments, travel expenses

NPCI rolls out UPI AutoPay for recurring payments

23 Jul 2020 | Online Payments

The National Payments Corporation of India (NPCI) has launched the UPI AutoPay feature to facilitate the process of recurring payments.

The National Payments Corporation of India, NPCI, launch, UPI AutoPay, India, recurring payments, online transaction, e-mandate, auto-pay, UPI ID, QR, Intent, merchants, Axis Bank, Bank of Baroda, HDFC Bank, HSBC Bank, ICICI Bank

Plea filed against Google Pay on flouting India's UPI interoperability rules

13 May 2020 | Mobile Payments

Delhi High Court has filed a pledge alleging that digital payments player Google Pay has flouted the rules of UPI interoperability.

Delhi High Court, Google Pay, UPI, mobile payments, interoperability rules, NPCI, National Payments Corporation of India, India

Neobank Niyo partners with National Corporation of India for new payroll app

28 Feb 2020 | Online & Mobile Banking

Neobank Niyo has partnered with National Payments Corporation of India (NPCI) in order to promote greater financial inclusion.

Neobank, Niyo, National Payments Corporation of India, NPCI, financial inclusion, Niyo Bharat, ERP, payroll app, payroll platform, digitalisation, India, Asia, APAC, online bank, neobank,

NPCI reduces merchant discount rates for debit cards

16 Sep 2019 | Cards

National Payments Corporation of India has announced the reduction of the merchant discount rates (MDR), the fees paid by merchants to banks.

NPCI, National Payments Corporation of India, India, merchant discount rate, debit card

Indian government fears WhatsApp may share payments data

26 Jul 2019 | Digital Identity, Security & Online Fraud

Indian authorities have revealed concerns that WhatsApp’s payment service might share user data with group companies Facebook and Instagram.

government, WhatsApp, payments data, Facebook, Instagram, India, payment service, security, privacy, non-commercial information, subscribers, National Payments Corporation of India, NPCI, retail

NPCI to help drive the growth of UPI

04 Jun 2019 | Online Payments

The National Payments Corporation of India (NPCI) has announced that it is working with Amazon and Flipkart to help drive further growth of the UPI.

NPCI, National Payments Corporation of India, UPI, India, online payments

UPI transactions value surpasses cards

20 May 2019 | Online Payments

The Unified Payments Interface (UPI) has surpassed debit and credit cards in terms of transactions in January 2019.

UPI, credit card, India, online payments, debit card, National Payments Corporation of India

Indian bank consortium plans to build a blockchain solution

16 Apr 2019 | Payments General

The National Payments Corporation of India (NPCI) has announced plans to use blockchain technology to boost digital transactions.

National Payments Corporation of India, NPCI, India, banks, payment, blockchain, cryptocurrency, settlement, retail payments

Reserve Bank of India data shows UPI surpasses digital wallets

09 Oct 2018 | Payments General

Reserve Bank of India data has shown that UPI transactions reached about 405 million in September 2018, up nearly 165% from about 151 million at the beginning of 2018.

Reserve Bank of India, National Payments Corporation of India, UPI, India, digital wallets, mobile application, POS, mobile payments