Tagged: NPCI

June 25, 2023 @ 7:07 pm By Omar Faridi  |  

Cashfree Payments, India’s leading payments and API banking company, announced the launch of CVV-free card payments for partner businesses. CVV-free payments allow customers “to experience faster, smoother, and more convenient checkouts for saved(tokenized) cards on major networks such as Visa, Mastercard, and RuPay.” By eliminating… Read More

April 28, 2023 @ 2:01 pm By Omar Faridi  |  

PPRO, the digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) in order “to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.” This latest agreement, “supported by a new framework… Read More

February 25, 2023 @ 6:35 pm By Omar Faridi  |  

Pine Labs, a merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in “a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.”… Read More

August 21, 2022 @ 5:27 pm By Omar Faridi  |  

NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI), the organization behind the largest real-time payment solution, the Unified Payments Interface (UPI) and the RuPay card Scheme, has  “signed an MoU confirming a partnership with the payments solutions provider… Read More

October 3, 2021 @ 5:02 pm By Tony Zerucha  |  

India’s Federal Bank has partnered with the National Payments Corporation of India (NPCI) to launch the Federal Bank RuPay Signet Contactless Credit Card, which comes with an annual interest rate starting from 5.88 per cent.  Federal Bank RuPay Signet credit cardholders will gain access to… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

January 18, 2021 @ 11:06 pm By Omar Faridi  |  

A third or around 33% of households in India are now using digital payments, with usage being evenly spread across different income groups, according to a survey performed by the National Payments Corporation of India (NPCI) and People Research on India’s Consumer Economy (Price). The… Read More

January 11, 2021 @ 10:23 pm By Omar Faridi  |  

Banking institutions and online payments providers in India have asked the nation’s government to bring back the Merchant Discount Rate (MDR) on RuPay, which is an international card payment service launched by the National Payments Corporation of India. Digital payments providers in the country also… Read More

December 2, 2020 @ 9:33 pm By Omar Faridi  |  

Governments across the globe are always trying to create a balance between enabling or supporting tech advancements and innovation while preventing large companies such as Google (NASDAQ:GOOG) and Facebook (NASDAQ:FB) from unfairly using their dominant position to eliminate smaller competitors. India is reportedly planning to… Read More

November 27, 2020 @ 6:00 pm By Omar Faridi  |  

The National Payments Corporation of India (NPCI), an umbrella organization for handling retail payments and settlement systems in India, has decided to issue an additional 4.63% of its equity shares to 19 new investors. These investors now also include Fintech firms and payment system providers…. Read More

June 1, 2020 @ 10:52 am By JD Alois  |  

  BHIM, or Bharat Interface for Money, an India based payment app may have experienced a massive data leak according to a post by VPNMentor. The site claims that a misconfigured AWS S3 Bucket has exposed the information of over 7 million individuals. BHIM has… Read More

April 30, 2020 @ 9:56 pm By Omar Faridi  |  

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, has not achieved mainstream adoption in India. The UPI-based payments service lets users send and receive funds. It has been created by the National… Read More

April 21, 2020 @ 9:34 pm By Omar Faridi  |  

Transcorp International, an established foreign exchange (Forex) and payment services provider, has received approval from the Reserve Bank of India (RBI) to enter co-branding arrangements for performing prepaid transactions. The prepaid payment services will be available at thousands of Indian stores and digital commerce websites…. Read More

February 27, 2020 @ 9:48 pm By Omar Faridi  |  

Neobank Niyo has partnered with National Payments Corporation of India (NPCI) in order to promote greater financial inclusion. Niyo will work with NPCI to provide modern financial services to more than five million blue-collar workers in India by 2022.  Niyo offers an employee payroll solution,… Read More

September 30, 2019 @ 1:10 pm By Omar Faridi  |  

The National Payments Corporation of India (NPCI) has requested Bengaluru-based digital payments firm PhonePe to work with another banking partner for its Unified Payments Service (UPI) model. PhonePe’s management has reportedly decided to work with Mumbai-headquartered multinational banking and financial services company ICICI Bank. According… Read More