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…
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New Delhi, July 7 (IANS) India’s fintech sector is shifting focus from growth to trust, governance and resilience as nearly 59 per cent of firms rank reputation and brand risk as a high‑severity concern or the highest risk facing them, a report said on Tuesday.The report from Fintech Association for Consumer Empowerment (FACE) and Grant Thornton Bharat said reputation risk was followed by interoperability and infrastructure risk at 51 per cent.The report noted that customer trust can be affe…
New Delhi, July 7 (IANS) Prime Minister Narendra Modi announced on Tuesday that India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, which will enable tourists and businesses to make cross-border retail payments more easily by using their domestic payment apps.Addressing a joint press conference with Indonesian President Prabowo Subianto in Jakarta, PM Modi said, “We are delighted that India’s UPI is set to be integrated with Indonesia’s payment sy…
New Delhi, July 5 (IANS) India’s success stories across various sectors are making Indonesia look towards it as a trusted source of technology, policy ideas and development solutions, government officials said on Sunday.Prime Minister Narendra Modi’s upcoming visit to Indonesia from July 6 to 8 comes at a time when the partnership between the two countries is moving beyond traditional cooperation.”In India’s development in several sectors, from food security and digital governance to healthcare,…
New Delhi, July 2 (IANS) The newly notified Employees’ Provident Fund (EPF) Scheme, 2026, introduced new provisions on partial withdrawals effective June 29.Under the revised scheme, members of the Employees’ Provident Fund Organisation must retain a minimum balance of 25 per cent of their eligible member balance in their EPF account before making any partial withdrawal. Any amount calculation for a minimum withdrawal will be done only after setting this balance aside.The minimum balance req…
New Delhi, July 2 (IANS) Eleven years ago, Digital India was merely a concept. Today, it stands as one of the most transformative initiatives in independent India, reshaping governance, economy, and daily life for millions. Prime Minister Narendra Modi’s personal vision and relentless drive turned this idea into a national mission that has bridged the digital divide and empowered citizens like never before.Two former bureaucrats shared their experiences on the X handle of Modi Story about how “D…
New Delhi, July 1 (IANS) India’s unified payments interface (UPI) now accounts for nearly 49 per cent of the world’s real-time payment transaction volume, making it the largest real-time payment system globally, the government said on Wednesday.The achievement comes as the Digital India programme completes 11 years since its launch on July 1, 2015. According to the government, the initiative has transformed the country’s digital public infrastructure, enabling faster payments, improving public s…
Noida, July 1 (IANS) Noida Police on Wednesday busted a gang that used to loot commuters while giving them lifts in their car and then coercing them to transfer funds from their accounts, via UPI and digital payment platforms. Four accused were apprehended by the police in connection with this and various items were recovered from their possession, including stolen iPhone 16, a smartwatch, a charger, an Aadhaar card, Rs 2,300 in cash, and the car used in the crime.The arrests were made in Noida’…
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 …
New Delhi, June 30 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday said that with unified payments interface (UPI) now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly, with transaction costs reducing drastically to a fraction of conventional transfer costs.The increasing global acceptance and appreciation of UPI “reflects the trust in Prime Minister Narendra Modi’s vision of building technology-led solutions that create value beyond bor…