Peer-to-peer (P2P) transfers under UPI are currently free but businesses are charged for receiving payments via this mobile-based system.

"These customer centric initiatives are being taken to encourage consumers to make digital transactions through BHIM instead of using cash."

Of the ten banks issuing Rupay Credit Cards, eight are public sector banks, while one is a private bank and the other a cooperative bank, H...

National Payments Corporation of India Managing Director & CEO A P Hota said it is necessary that banks issue debit cards to those customer...

Bankers said that in the financial sector the only impact of the imposition of GST was three percentage point increase in tax.

“The new BHIM version offers enhanced security features and superior user experience”, says A P Hota, MD & CEO, NPCI.

Transactions volumes using BHIM App have also started surging. “There were 45,000 transactions worth Rs 3.7 cr on January 2”, says A P Hota...

The addition of new banks has increased NPCI's paid up capital to Rs 133 crore from Rs 100 crore, its MD and CEO A P Hota said.

The corporation had launched debit card - Rupay - in April 2012 and since then has cornered 35 per cent of the market share in the 670 mill...

NPCI plans to tie up with 5-6 banks for the launch of its credit card operations and will later expand services to other banks

NPCI said it has enabled all 56 regional rural banks under its central payment systems network with RuPay cards and access to National Auto...

NPCI said its RuPay debit card will go international by July and announced a tie-up with an American card issuer.

Checking your bank balances or placing a request for a cheque book has been made as simple and hassle-free as dialling *99# from your mobil...

RuPay, the domestic debit card payment platform, launched by the National Payment Corporation of India, is likely to be acceptable at all P...

Reserve Bank of India Chief General Manager A P Hota is likely to take over as the interim Chief Executive Officer of National Payments Cor...

The Payment & Settlement Act, which will define the legal framework for electronic payments, is likely to come into effect in the next two ...

The Indian Pharmacopoeia Commission (IPC) has signed a Memorandum of Understanding with US Pharmacopoeia (USP) for cooperation in promoting...