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How UPI works for NRIs | Now NRIs Can Set Up UPI | Mint Primer | Mint

On 10 January, India’s retail payments umbrella body The National Payments Corp. of India (NPCI) issued a circular that paved the way for wider adoption of homegrown payments platform UPI. So far, only Indian phone numbers were allowed on UPI, leaving out non-resident bank accounts linked to their phone numbers abroad. In the first phase, phone numbers from 10 countries including Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the US, Saudi Arabia, United Arab Emirates, and the UK have been allowed to be used on UPI.

16 Feb 2023
Money

Get cashback benefits on everyday spends

Axis Bank’s ACE card is specifically designed for digital-native professionals for their everyday spends

1 min read13 Oct 2020
Companies

Google Pay introduces tap-to-pay option for SBI Card users in India

Users will now be able to make card payments using Google Pay app on their Android smartphones in three modes

1 min read21 Sep 2020
Companies

Google Pay: Delhi HC seeks Centre, RBI response on plea alleging guideline violation

The plea also alleges Google India Digital Services Private Limited has failed to Localize Data timely and effectively in complete breach of binding regulations

1 min read24 Aug 2020
News

Google Pay not a payment system operator: RBI to HC

Google Pay’s operations are not in violation of the Payment and Settlement System Act of 2007, says RBI

1 min read20 Jun 2020
Companies

Google’s Pay Nearby Stores is now available in 35 Indian cities

Merchants listed on Nearby Stores can now indicate their business hours, what measures are being taken to maintain social distancing inside the store and which essential goods are in stock

1 min read27 May 2020
News

HC notice to RBI, Google India on UPI interoperability rules

The court sought their response within three weeksThe plea sought directions to bar Google India from expanding its user base till a thorough audit is conductedHC notice to Google India on plea alleging flouting of UPI interoperability rules.

1 min read15 May 2020
News

Plea filed against Google Pay on flouting UPI interoperability rules

The petition also said Google Pay forces consumers to create a new UPI ID or VPA to use its platformAll UPI payment platforms need to give a choice to users to transact using their existing IDs

2 min read13 May 2020
Technology

Google Pay launches ’Nearby Spot’ to help users find essential items’ stores

The Nearby Spot will be launched in Hyderabad, Chennai, Mumbai, Pune, and Delhi soon, Google India said in a blogpostThis Spot also helps users donate to PM-CARES Fund or to NGOs

2 min read13 Apr 2020
Technology

Google Pay’s ’tremendous success’ in India to be replicated globally: Pichai

Google Pay hit 67 million monthly active users in India in September last year’We had a tremendously successful launch in India from which we learnt a lot of features, and we are bringing that and we are revamping our payments products globally,’ said the Google CEO

1 min read4 Feb 2020
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