News Explained: What’s the 1.1% interchange fee on UPI transactions and who pays it National Payments Corporation of India, in a circular, announced that a fee of up to 1.1% will be applicable for UPI merchant transactions initiated using... Sarvesh MathiApril 3, 2023
News NRIs can soon use UPI by linking their international number to domestic bank accounts The move is likely to facilitate ease of payments offered by UPI to millions of Indians who are living abroad in the countries mentioned... MitakshJanuary 12, 2023
News Why has the deadline to comply with UPI market share cap been extended by the NPCI? NPCI extends the timeline to comply with UPI market share cap after taking into account the present usage and future potential of UPI MitakshDecember 3, 2022
News PhonePe, Google Pay continue to dominate UPI despite marketshare cap deadline nearing As per the latest data provided by the National Payments Corporation of India (NPCI), PhonePe and Google Pay had market shares of 46 and... Sarvesh MathiNovember 3, 2022
News Why are crypto exchanges prevented from using UPI even as transactions cross 6-billion mark? Crypto exchanges are 'unofficially' banned from using UPI to fund accounts, but what is the actual intention of the RBI and government, and is... MitakshSeptember 16, 2022
News ONDC Update: Will be open to public soon, NPCI to pick up stake in network, and more Minister of Commerce and Industry Piyush Goyal chaired a meeting to review the progress of the Open Network for Digital Commerce (ONDC) Sarvesh MathiAugust 31, 2022
News Parliamentary panel suggests government should relook zero MDR policy for UPI The Parliamentary Standing Committee on Commerce has asked the Indian government to rethink its zero MDR policy for UPI and RuPay. Sarvesh MathiJune 20, 2022
News UPI, Rupay To Soon Be Available in France: NPCI Signs MoU with Lyra Network India's UPI payment system will now be available in France after the NPCI signed an MoU with Lyra Networks, marking an expansion of the... Aarathi GanesanJune 17, 2022
News UPI apps PhonePe, Google Pay may get more time to adhere to 30% share cap NPCI may extend the deadline for its mandate requiring UPI payment apps to hold no more than 30% market share. Sarvesh MathiJune 6, 2022
News TLDR: Flipkart, Amazon, ONDC, Google Play Store, UPI, Vodafone, Zoom, e-commerce Reliance, Amazon, and Flipkart may be part of ONDC The Open Network for Digital Commerce is a UPI moment for the e-commerce industry and... Karan HMMay 12, 2022