Online Payment
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PhonePe PG Bolt launched to revolutionise in-app payments for merchants: How does it work?
Technology | Aug 29, 2024, 12:54 PM ISTPhonePe has introduced PG Bolt, new payment gateway which has been designed to enhance the merchant and customer experience by providing ultra-fast in-app transactions with a 99 per cent success rate.
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Private US banks to support UPI for faster digital payments: Fed Reserve Governor
Technology | Aug 28, 2024, 04:07 PM ISTAs UPI goes global, the private banks of the US are expected to explore the service which will help them in faster online payment. He further added that the cross-border payment will be interlinking and will be one of the key areas for development.
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Make UPI payments without using bank account: Everything you need to know
Technology | Aug 14, 2024, 10:29 PM ISTThe National Payment Corporation of India (NPCI) is set to enhance its UPI service with features like face unlock and the new Delegated Payment System. This initiative aims to make UPI more inclusive by allowing users without their bank accounts to access the service.
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Indian users can make UPI payments to UAE merchants: Know-how?
Technology | Jul 04, 2024, 12:49 PM ISTThe Indian government is introducing UPI service in the UAE market. NPCI International Payments Limited has recently collaborated with Network International, a major digital commerce company in Africa and the Middle East, to facilitate the services.
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UPI transactions skyrocket 49 per cent per year, reaching 13.89 billion in June 2024
Technology | Jul 01, 2024, 07:08 PM ISTThis year in June, the UPI hit a record 13.89 billion transactions, marking a 49 per cent increase year-on-year, as per the National Payments Corporation of India (NPCI). Despite the growth in transaction count, the transaction volume slightly decreased to Rs 20.07 lakh crore, down 1.9 per cent.
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Flipkart launches Super.money app for UPI payments, marking a major fintech move
Technology | Jun 27, 2024, 09:53 AM ISTFlipkart has introduced its own payments app, Super.money, in a significant push into the fintech space. This launch comes about 1.5 years after Flipkart's separation from its erstwhile payment partner, PhonePe.
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PayU gets RBI's in-principle approval to operate as online payment aggregator
Business | Apr 24, 2024, 05:28 PM ISTPayU Payments Private Limited, a key player in India's digital financial services sector, backed by Prosus as an investor, manages businesses subject to regulation by the Reserve Bank of India. It provides sophisticated solutions to address the digital payment needs of the Indian market.
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PayU and PayPal partners for better cross-border payments
Technology | Apr 09, 2024, 05:14 PM ISTPayU said that the integration of PayPal's ISU 2.0 Application Programming Interface (API) will set a new standard for the payment services of the company and will benefit the merchants who are expanding worldwide.
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India signs agreement with Nepal for UPI integration: List of countries accepting UPI payments
Business | Feb 16, 2024, 09:50 AM ISTThe agreement will enable users of both systems to conduct instant, cost-effective fund transfers between India and Nepal.
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Indian tourists can now buy tickets for Eiffel Tower in Paris via UPI
India | Feb 02, 2024, 10:18 PM ISTEiffel Tower is the first merchant to offer UPI payments in France, and the service will soon be extended to other merchants in the tourism and retail space across France and Europe.
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Razorpay POS unveils 2-minute instant refunds for failed UPI transactions | All you need to know
Technology | Jan 22, 2024, 07:07 PM ISTInvestors such as Lone Pine Capital, Sequoia Capital India, Ribbit Capital, Alkeon Capital, TCV, GIC, Tiger Global, Y Combinator, MasterCard, Matrix Partners, and Salesforce Ventures which has invested USD 741.5 million in Razorpay to date.
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How to link a credit card to BHIM UPI? A step-by-step guide
Technology | Nov 09, 2023, 12:52 PM ISTUPI is a problem solver many users across the country are going cashless and making payments with the help of the same. If you want to start with your UPI payment, then follow the steps below to activate it.
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AI Integration, Higher Transaction Limit, and UPI Lite Focus Planned for UPI- RBI Governor Das
Technology | Aug 11, 2023, 02:17 PM ISTRBI Governor Shaktikanta Das has revealed upgrades to the Unified Payments Interface (UPI) to enhance payment convenience. These upgrades encompass conversational AI for transactions, the facility to use UPI in offline scenarios via UPI Lite, and a transaction limit boost from Rs 200 to Rs 500.
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NRIs will soon be able to make UPI payments without an Indian mobile number - Details
Business | Jan 16, 2023, 03:57 PM ISTThe National Payments Corporation of India is set to launch a new feature that will allow NRIs to link their foreign mobile number with their Indian bank account for UPI transactions.
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PayU, a digital payments firm lays off around 150 employees: Know-why?
Technology | Dec 26, 2022, 03:05 PM ISTPayU said it does not have any plans for any major downsizing of the team and "any attritions would be a part of our usual course of business". The platform enables the businesses to collect digital payments across 150 online payment methods.
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UPI transactions up over 3 per cent at 678 crore in September: NPCI Data
Business | Oct 01, 2022, 02:10 PM ISTUPI transactions: In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).
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5 Ways to protect your from online scams and false payments
Technology | Aug 26, 2022, 05:03 PM ISTEven though it claims to have taken action against these con artists by suspending their accounts and limiting their access, it has been difficult to stop situations like this.
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Paytm partners with Samsung Store to deploy smart PoS devices and more offers Paytm Postpaid
Technology | Aug 16, 2022, 10:37 PM ISTPaytm continues to maintain its leadership in offline payments with rapid growth in merchant base and device adoption, enabling the company to
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Contactless Payments grew by 6 times in India: Know all the benefits
Technology | Jun 16, 2022, 05:17 PM ISTContactless payments have gone up by more than 6 times, from less than 2.5 per cent in December 2018 to 16 per cent in December 2021, according to a whitepaper by Visa and Worldline India.
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Modi govt 8 years: How India outpaced world in UPI, digital payments
Technology | May 26, 2022, 11:11 PM ISTIt was our Prime Minister Narendra Modi, who suggested the citizens go cashless years back. Today, his will effort towards the technological advancement, and support of great engineers, UPI payments were launched in the nation on 11th April 2016