Contactless 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.
UPI payment via credit card: Till now, only debit cards connected to savings bank accounts and current accounts are allowed to link up to the UPI platform.
Apple informed its customers in May 2022, that they will not accept Indian credit and debit cards for app purchases or subscriptions in the near future, as per the new norms from the RBI. Customers could use the UPI mode for payment and could also store money in their Apple wallet which could further be used for payments.
UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform, RBI Governor Shaktikanta Das said.
It 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
If you have suffered internet loss during the transaction, then follow this guide to still make transactions during offline mode.
Apple will not store the card information of the user anymore. This indeed will result in payment mode change, from Credit cards and Debit Cards to UPI platforms like Google Pay or PayTm.
Tata Group has recently launched its new ‘Tata Neu’ super app which will act as a payment solution for Indian users. Here is all you need to know.
The share of UPI in total retail payments in the country stood at 60% in 2021-22. The use of UPI has benefited the common man as well as the shopkeepers.
Tata Group is seeking clearance from the National Payments Corporation of India (NCPI) to offer its own United Payments Interface (UPI)-based digital payments service in the country.
RBI Governor Shaktikanta Das said that UPI '123PAY' will allow India's 40 crore feature phone users to access the payment service.
NPCI has joined hands with GPS and Manam Infotech to provide UPI services in Nepal. While GPS is the authorised payment system operator, Manam Infotech will deploy UPI.
Samsung Galaxy smartphone users will be able to scan UPI QR codes using the camera app. Here's how it works.
PayNow is the fast payment system of Singapore which enables peer-to-peer funds transfer service.
The bank has notified its customers by tweeting about the period of suspension of banking services.
India's first FASTag or Unified Payments Interface (UPI)-based parking facility was launched by the Delhi Metro Rail Corporation (DMRC) on Tuesday.
The bank has informed that the internet banking, UPI and other services will remain affected today.
Sebi has given more time for implementation of guidelines pertaining to SMS alerts under the UPI system for shares applied and allotted during an IPO.
The customers of India’s largest lender SBI will not be able to use internet banking, YONO, YONO Lite, and UPI services on May 7.
The top scamsters are from Patna, Chandigarh, Kolkata and Meerut for one of the top payment apps (at 15 per cent) and most QR Code scams originate from Assam, accounting for 20 per cent of the total distribution.
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