{
National Payments Corporation OF India

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}
RBI Expands UPI Credit Facility to Small Finance Banks for Financial Inclusion
The Reserve Bank of India (RBI) has extended the credit on UPI facility to small finance banks, previously available only to scheduled commercial banks. This initiative, launched in September 2023, allows users to access instant credit through UPI apps, enhancing financial inclusion, especially for customers in small towns and rural areas. The move aims to provide convenient digital credit access for 'new-to-credit' customers, promoting broader financial participation.
Moneycontrol
United States Dollar National Payments Corporation OF India Bankbazaar.com IND Adhil Shetty Show more
Finance & Economy, News Article
07:03 06.12.2024
upi transactions surge 35 percent amid rising fraud cases and prevention measures
UPI transactions surged 34.5% in value to Rs 122 lakh crore during April-September, with a volume increase of 46% to 8,566.52 crore, as reported by Minister of State for Finance Pankaj Chaudhary. However, 6.32 lakh fraud cases valued at Rs 485 crore were recorded, prompting the government and financial institutions to implement measures like device binding, two-factor authentication, and AI-based fraud monitoring to enhance security.
Moneycontrol
Indian Rupee National Payments Corporation OF India IND Pankaj Chaudhary
Finance & Economy, Market Report
11:18 25.11.2024
India"s payments ecosystem shifts low-ticket transactions to UPI Lite strategy
India"s payments ecosystem is focusing on migrating low-ticket transactions to UPI Lite, according to NPCI CEO Dilip Asbe. The Reserve Bank of India has also increased the transaction limit for UPI123Pay from Rs 5,000 to Rs 10,000 and raised the UPI Lite wallet limit to Rs 5,000, with a per-transaction cap of Rs 1,000.
Moneycontrol
Indian Rupee State Bank of India National Payments Corporation OF India IND Shaktikanta Das Dilip Asbe
Finance & Economy, Transcript
10:13 19.11.2024
Paytm gains NPCI approval for new UPI users amid mixed Q2 results
Paytm's parent company, One 97 Communications, has received approval from the NPCI to onboard new UPI users, ending a nine-month embargo by the RBI. This development comes after the company reported a net profit of ₹930 crore in Q2FY25, largely due to a one-time gain from selling its movie ticketing business, although it would have otherwise faced a net loss of ₹415 crore. Despite a 5% rise in stock this year, Paytm has underperformed compared to Nifty's 12% returns.
Moneycontrol
Indian Rupee Reserve Bank OF India University/AOP/Society One97 Communications Limited National Payments Corporation OF India Zomato Limited IND Vijay Shekhar Sharma Dilip Asbe Show more
Finance & Economy, Market Report
05:10 23.10.2024
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