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Transaction cap may be doubled to Rs 2 lakh in UPI 2.0

Thursday, July 5, 2018, 10:16 AM

Unified Payments Interface, the instant inter-bank fund transfer mechanism operated by the National Payments Corporation of India (NPCI), is set to get a major upgrade with new features and a doubling of the transaction limit to Rs.2L. However, the RBI has not approved standing instruction on UPI, which was slated to be one of its pioneering features, said two bankers aware of the matter.
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UPI transactions hit a new high of 10 million on a single day

Friday, June 22, 2018, 7:19 AM

Transactions through the Unified Payments Interface (UPI) reached a new high with over 10 million transactions being conducted through the platform. This compares to around 189.5 million transactions conducted through the platform in May. The UPI platform, which facilitates e-payments directly through banks, is developed by the National Payments Corporation of India (NPCI).
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Almost 1 million people 'testing' WhatsApp payments service in India

Sunday, June 17, 2018, 12:56 PM

Almost one million people in India are "testing" WhatsApp's payments service, and the company is working with the Indian government, NPCI and multiple banks to further expand the feature to more users, a company official said. WhatsApp payment service, which rivals the likes of Paytm, has been in beta testing over the last few months.

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