The FinTech Hub
Source: Live Mint The National Payments Corporation of India (NPCI) has started providing financial incentives to banks and financial institutions to promote RuPay credit cards, directly challenging the market dominance of global giants Visa and Mastercard, reported ET. This particular move marks a strategic change as NPCI focuses on expanding its footprint in the nation’s…
Source: Live Mint The National Payments Corporation of India (NPCI) has rolled out a regime of faster response time of UPI (Unified Payments Interface) transactions. In a recent circular dated April 26, National Payments Corporation of India (NPCI) has announced a set of revised timelines for different category of UPI transactions. For request pay and…
Source: Live Mint The National Payments Corporation of India (NPCI) has been expanding UPI’s global footprint since its first international collaboration with Singapore in 2020. Countries that now accept UPI payments include Singapore, the United Arab Emirates, Sri Lanka, Mauritius, Bhutan, Nepal and France. Arun Panicker, a 56-year-old traveler from India, recently experienced this firsthand…
Source: Live Mint If you use a credit card and are obsessed with online payments at the same time, you may want to explore UPI credit cards. While UPI allows you to make payments directly via bank account, a credit card helps you make use of credit for carrying out transactions. UPI credit card, therefore, helps you…
Source: Live Mint The market regulator has proposed linking trading accounts with SIM cards and making biometric authentication mandatory to enhance security in online trading and protect investors from unauthorized transactions. The Securities and Exchange Board of India (Sebi) acknowledged that with the rapid evolution of technology and the increasing use of web-based and mobile…
Source: Live Mint National Payments Corporation of India (NPCI) has issued fresh instructions with regards to UPI transactions relating to auto acceptance and rejection of chargebacks basis the Transaction Credit Confirmation (TCC) and returns. The digital payments body has rolled out auto acceptance and rejection of chargebacks basis the TCC/RET raised by the beneficiary bank…
Source: Live Mint There is no denying the fact that Unified Payment Interface (UPI) has become quite pervasive and it is relied upon for most sundry transactions. In the past few years, most youngsters have switched from debit and credit cards to digital payments via UPI. The latest NPCI data suggests that UPI achieved a…
Source: Live Mint Unified Payments Interface, or UPI, is one of the most convenient ways to carry out a transaction. Merely by scanning a QR code or by entering a few keys into your smartphone, you can transfer the money online. Alternatively, you can use a credit card that needs to be swiped or touched at a PoS (point…
Source: Live Mint A credit card is undoubtedly a powerful weapon in today’s time and age to make online payments. Not only does it offer a great degree of convenience and comfort but gives a number of rewards and cashbacks. Meanwhile, it is important to remember that UPI payments are growing faster than card payments. Payments via UPI…
Source: Live Mint Do you often use UPI for making your sundry payments – whether it is about paying your Uber driver, for online shopping, or to pay for the roadside chai? If that is the case, then you must have noted that your UPI app generates a transaction ID as you transfer the money….
