Latest National Payments Corporation of India News & Updates

India Expanding UPI Digital Payment System Globally, Focus on East Asia

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New Delhi, Jan 13 (IANS) India is working to expand the global reach of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday.Speaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a key role in driving India’s digital payments growth and now accounts for nearly 50 per cent of all digital transactions in the country.He added that the …

UPI Transactions Surge 29% Year-on-Year in December

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New Delhi, Jan 1 (IANS) The unified payments interface (UPI) saw 29 per cent transaction count growth (year-on-year) at 21.63 billion in the month of December — along with registering 20 per cent annual growth in transaction amount at Rs 27.97 lakh crore, the National Payments Corporation of India (NPCI) data showed on Thursday.Month-wise, the UPI transaction count as well as amount grew significantly too.Average daily transaction amount in December stood at Rs 90,217 crore, up from Rs 87,721 …

Delhi High Court Protects Akasa Air from Impersonation and Recruitment Scams

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New Delhi, Dec 29 (IANS) The Delhi High Court has granted interim protection to SNV Aviation Private Limited, the operator of Akasa Air, restraining multiple entities from impersonating the airline and running alleged recruitment scams using its trademarks and brand identity. A single-judge Bench of Justice Manmeet Pritam Singh Arora passed an order in a commercial suit filed by SNV Aviation, holding that a prima facie case of misrepresentation, deception, and passing off had been established ag…

Financial Fraud Risk Indicator Prevents Rs 660 Crore Cyber Fraud Losses in 6 Months

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New Delhi, Dec 22 (IANS) The Financial Fraud Risk Indicator (FRI) has helped prevent the financial loss of Rs 660 crore in cyber fraud across the banking ecosystem in just six months since its rollout, the Department of Telecommunications (DoT) said on Monday.The FRI is driven by active support of the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), leading to large-scale onboarding of banks, financial institutions, and Third-Party Application Providers (TPAPs) …