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NPCI FINANCIAL RESULTS
UPI volumes report 3% dip in April to 22.5 billion transactions after record high numbers in MarchUPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilience, India's digital payments sect...- Palo Alto Networks acquires Portkey; Tim Cook on Apple's India growthPalo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5.
- RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
- Cyber fraudsters using new tech to bypass UPI security for financial transactions: ReportNew technology is bypassing UPI app security. Fraudsters are using a toolkit called "Digital Lutera" to steal money. This attack manipulate...
- UPI transactions fall in September; value rises marginally to Rs 24.9 lakh croreAccording to data from NPCI, UPI processed 19.63 billion transactions in September, compared with 20.01 billion in August. The total value ...
- NPCI ups RuPay credit card play against rivalsNational Payments Corporation of India (NPCI) has started offering financial incentives to banks to push RuPay credit cards to their custom...
- NPCI reports 42% jump in FY25 profit; revenue grows to Rs 3,270 croreNPCI generates revenue primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), AePS (Aadhaar-...
- Airtel MD writes to banks, NPCI, RBI to join forces against digital frauds; moots collaborative measuresAirtel is proactively seeking collaboration with banks, RBI, and NPCI to combat rising digital fraud. They've proposed a unified front, inc...
- Limit usage of non-financial requests to UPI: NPCI to banksNPCI has directed banks to limit non-financial UPI transaction checks and audit systems annually, after outages in March-April caused netwo...
- You may have Ferrari, but still have to obey traffic rules: RBI head Shaktikanta Das on PaytmRBI Governor Shaktikanta Das emphasizes support for Fintech while clarifying the action against Paytm Payments Bank (PPBL) as a response to...
- Paytm complains to NPCI on Cred’s UPI gamblePaytm, owned by One97 Communications Ltd, has been pushing to grow its offline acceptance network over the past few years and create its ow...
- Banks, Fintech Firms Seek Return Of MDR On RuPay, UPI TransactionsBanks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...
- NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail paymentsRuPay cardholders can make contactless offline payments at POS (point of sale) in areas with limited network and an additional feature of r...
- Facial recognition, iris scans may be used for welfare scheme payoutsThe current mode of biometric authentication used for vetting credentials in the AePS system — fingerprint scanning — is not in line with d...
- NPCI sets up subsidiary for exporting UPI to international markets: RBI governorUPI is an interoperable instant fund transfer technology created by NPCI that enables interbank fund transfer. There are currently 140 memb...
- RBI to finalise banks' interchange fee for Aadhaar based paymentsThe National Payments Corporation of India (NPCI) had proposed the interchange fee at 1% of the transaction amount subjected to a maximum o...
- Why NPCI and Facebook need urgent regulatory attentionNCPI and Facebook both share few traits including an insatiable appetite for personal information and a fetish for hypercentralisation.
- Bug in UPI app costs Bank of Maharashtra Rs 25 cr in one of India’s biggest financial fraudsAbout 50-60 people in Aurangabad discovered this loophole and have collected a good deal of money, according to NPCI
- RuPay credit card launch put off till JuneNPCI plans to tie up with 5-6 banks for the launch of its credit card operations and will later expand services to other banks
- Plan to expand Rs 1-lakh Jan Dhan cover may need government subsidyThe Rs 1-lakh free personal accident cover with a JDY account is valid as long as the account holder uses the RuPay debit card once in 45 d...
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