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…
Latest National Payments Corporation of India News & Updates
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 …
Mumbai, June 1 (IANS) India’s digital payments ecosystem witnessed continued growth, with Unified Payments Interface (UPI) transaction volumes rising 24 per cent year-on-year to 23.20 billion and transaction value nearing the Rs 30 lakh crore mark in May, according to data released by the National Payments Corporation of India (NPCI) on Monday.According to NPCI, UPI transaction value stood at Rs 29.90 lakh crore during the month. On a year-on-year basis, transaction value rose 19 per cent.On an …
New Delhi, May 1 (IANS) India’s digital payments ecosystem 25 per cent year-on-year growth in the month of April at 22.35 billion transactions at Rs 29.03 lakh crore in terms of value, which is a 21 per cent annual growth, according to data released by the National Payments Corporation of India (NPCI) on Friday.On a daily basis, the average number of transactions saw a notable increase to 745 million in April (from 730 million in March).The average daily transaction value also rose to Rs 96,76…
New Delhi, April 30 (IANS) India’s flagship digital payments platform, the Unified Payments Interface (UPI), has recorded an extraordinary nearly 12,000-fold surge in transaction volume over the past decade, the Ministry of Finance said on Thursday.Launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the regulatory supervision of the Reserve Bank of India (RBI), UPI has evolved into the backbone of India’s digital payments ecosystem.From a modest base of jus…
Ahmedabad, April 29 (IANS) Two individuals from Ghaziabad district in Uttar Pradesh have been arrested by the Ahmedabad Cyber Crime Branch in connection with an interstate cyber fraud case involving impersonation of senior officials of the Ministry of Finance, National Payments Corporation of India (NPCI) and other agencies, police said on Wednesday.The complainant was allegedly cheated of around Rs 47.36 lakh in the case, officials added.Officials said the complainant was contacted between Apri…
New Delhi, April 20 (IANS) The National Payments Corporation of India (NPCI)-backed BHIM app will now allow users to view their credit scores alongside everyday transactions, following a tie-up between TransUnion CIBIL and NPCI BHIM Services Limited, it was announced on Monday.With this integration, users can directly check their CIBIL Score and Credit Information Report on the BHIM app, enabling them to track their credit health without leaving the platform.Moreover, access to credit data will …
New Delhi, April 10 (IANS) India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.Transactions rose gradually in the initial years — to 915 million in FY18 and…