New Delhi, July 8 (IANS) The National Payments Corporation of India (NPCI) said on Wednesday that UPI on-device biometric authentication-based payments accounted for over 611 million transactions in June, with a total transaction value of Rs 25,416 crore, reflecting strong adoption across everyday payment use cases.The feature enables users to authorise UPI payments using smartphone’s fingerprint or facial recognition.The growing adoption of biometric authentication reflects the increasing pre…
Latest National Payments Corporation of India News & Updates
New Delhi, July 8 (IANS) India’s digital economy has emerged as a cornerstone of the country’s future economic and social advancement, experts said at a conclave on digital payments held here.The Digital Payments conclave — organised by the Chintan Research Foundation (CRF) in partnership with Ikigai Law and Koan Advisory Group — brought together policymakers, regulators, industry leaders, legal experts, technologists and researchers to deliberate on the future of India’s digital payments ecos…
New Delhi, July 1 (IANS) The National Payments Corporation of India (NPCI) on Wednesday announced a strategic partnership with HSBC India to enable real-time foreign exchange (FX) settlement for cross-border Unified Payments Interface (UPI) transactions to make international digital payments more seamless and transparent for Indian travellers.Under the collaboration, HSBC India will provide real-time FX rates through direct API integration, allowing customers to view the exact Indian rupee (INR)…
New Delhi, July 1 (IANS) The Unified Payments Interface (UPI) transaction volumes rose 23 per cent (year-on-year) to 22.72 billion in June, while UPI transaction value surged 20 per cent to Rs 28.92 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Wednesday.On an average basis, UPI processed around 757 million transactions daily in June, with average daily transaction value standing at about Rs 96,405 crore.In May, UPI transaction volumes …
Victoria, June 28 (IANS) Ties between India and Seychelles are not “transactional relationships”, Foreign Secretary (FS) Vikram Misri stressed on Sunday.“These are not transactional relationships, these are relationships based on respect, based on trust and based on friendship… if you were to really press me hard and ask me what do I expect, I would say friendship and that’s really the last word,” the Foreign Secretary said at special briefing by the Ministry of External Affairs (MEA) amid P…
Washington, June 25 (IANS) US lawmakers debating the future of the country’s payment system pointed to India’s Unified Payments Interface (UPI) as an example of how modern public payment infrastructure can drive private-sector innovation, as fintech firms urged Congress to overhaul regulations governing access to America’s payment network.The comparisons with India came during a hearing of the House Financial Services Committee’s Subcommittee on Financial Institutions on Wednesday (local time), …
New Delhi, June 22 (IANS) Union Finance Minister Nirmala Sitharaman on Monday held a series of high-level meetings with key representatives from the financial, payments, commodity markets and defence sectors, reflecting the government’s continued engagement with stakeholders across critical segments of the economy and national institutions.Neelkanth Mishra, Executive Director at the World Bank, called on the Finance Minister to discuss issues of mutual interest, the finance minister said on soci…
New Delhi, June 9 (IANS) NPCI International Payments Limited (NIPL) — the international arm of the National Payments Corporation of India (NPCI) — on Tuesday announced the launch of a cross-border payment linkage between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI), enabling real-time, low-cost and secure money transfers between the two countries.With this integration, users in India and Nepal will be able to undertake seamless person-to-person (P2…
New Delhi, June 3 (IANS) NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India, has officially partnered with ACLEDA Bank Plc. to launch Unified Payments Interface (UPI) acceptance in Cambodia, according to an official statement issued on Wednesday. The breakthrough collaboration went live following a formal ceremony in Phnom Penh, attended by Chea Serey, Governor of the National Bank of Cambodia, alongside high-level representatives from…
New Delhi, June 2 (IANS) NPCI International Payments Limited (NIPL) — the international arm of the National Payments Corporation of India (NPCI) — in partnership with ACLEDA Bank Plc., on Tuesday launched Unified Payments Interface (UPI) acceptance in Cambodia through KHQR, the country’s national QR code system.The launch was marked by a formal ceremony in Phnom Penh attended by H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia (NBC), along with representatives from the Reserve …