Latest Updates Around The World
This article provides a professional guide on how UPI works internallywhere the emphasis is on the backend architecture, the linking role of NPCI and the actual transaction flow between banks. While most online guides only explain UPI from a user’s perspective, this article takes a much deeper look at the systems that make each transaction […]
The application also integrates Bhashini, the Indian government’s AI-powered voice technology, allowing users to speak in their preferred language, ask questions and get instant answers. Fintech giant PayNearby on Tuesday said it has received approval from the Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI), according to a statement. Accordingly, […]
Receiving checks used to take 2 to 3 business days, but now takes 5 to 7 business days | Photo credit: ROY CHOWDHURY A Businessmen and individual customers of banks continue to face delays in check cashing even ten days after the introduction of the same day check cashing facility introduced by the Reserve Bank […]
As part of its expansion strategy, Viyona is preparing for launching a Farmers Marketplace within its Graampay platform | Photocredit: Cueapi Digital Payment Platform, Viyona Fintech, has received approval from the National Payments Corporation of India (NPCI) to work as an external application provider (TPPER). The approval accelerates the Viyona’s growth plans established in Hyderabad […]
With the “UPI Collect” function, users can request money from another UPI user by sending a payment request via their UPI app. | Photocredit: Allen Egenuse J The National Payments Corporation of India (NPCI) has instructed banks and payment apps to stop all peer-to-peer (P2P) uniform payment interface “request” of 1 October to curb fraud, […]
On average, 628 million UPI transactions were carried out daily in July Photocredit: Allen Egenuse J Most uniform payment interface (UPI) transactions are carried out to pay for groceries, restaurants, mobile network accounts and accounts on service stations, gaming apps and cigarette stores, according to data from National Payments Corporation of India (NPCI). The NPCI […]
UPI) Transactions volume of Unified Payments Interface (UPI) rose to high high from 19.47 billion in July, an increase of 35 percent on an annual basis (YOY), according to data from National Payments Corporation of India (NPCI). The total UPI transaction value rose by 22 percent JoJ to RS 25.08 Lakh Crore in July. On […]
