New Delhi, Feb 19 (IANS) The Delhi High Court has agreed to examine a public interest litigation (PIL) seeking framing of comprehensive guidelines to curb the growing menace of frauds perpetrated through the Unified Payments Interface (UPI). Issuing notice, a bench of the Chief Justice D.K. Upadhyaya and Justice Tejas Karia sought responses from the Union government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on the plea filed by retired Central governm…
Latest National Payments Corporation of India (NPCI) News & Updates
New Delhi, Feb 16 (IANS) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry.Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UPI is particu…
New Delhi, Jan 24 (IANS) India’s QR‑code payment network, the Unified Payments Interface (UPI), is expanding beyond its borders, with Japan among countries trialling the system to serve growing numbers of Indian tourists, a report has said.The report from Nikkei Asia said that Japanese IT services company NTT Data is partnering with National Payments Corporation of India (NPCI) to run a trial in Japan in FY26 that would let Indian tourists pay with UPI and have their Indian bank accounts deb…