National Payments Corp Of India

Industry

Razorpay aims to work with RBI on payment gateways’ norms

The leadership team aims to interact closely at a policy level with regulators, says Razorpay CEO Harshil MathurRBI might bring payment gateways and payment aggregators under its direct supervision

2 min read13 Oct 2019
Industry

UPI transactions worth over ₹1 trillion conducted in December

620.17 million UPI transactions worth 102,594.82 crore were conducted in December, as compared to 524.94 million transactions valued at 82,232.21 crore in Novemberan 18% increase in transaction volume

1 min read1 Jan 2019
Money

Do you need to submit a fresh bank mandate for EMIs, SIPs?

If you started an SIP or EMI after the SC judgment on Aadhaar on 26 September, you may need to give a fresh auto-debit mandate to your bank to ensure the SIPs and EMIs continue

5 min read6 Dec 2018
Industry

WhatsApp seeks RBI nod to expand payment services to all users

WhatsApp noted that the platform had rushed to ensure that the payments data is stored in India, immediately after the RBI came out with a directive outlining the new payments data storage requirements in April this year

3 min read2 Dec 2018
Politics

UPI 2.0 falls short of analysts' expectations

The 'block functionality' feature, which will enable the issuing banks to block a certain sum in an account as security, is useful only in case of credit card users, says a person familiar with the development

1 min read17 Jul 2018
Politics

Upgraded UPI may be rolled out on Friday

The National Payments Corporation of India (NPCI), which manages the UPI platform, presented a demonstration of UPI 2.0 to some top bank officials on Tuesday

2 min read3 Jul 2018
Industry

RBI may soon introduce mobile wallet interoperability rules

Banks and the PPI industry have been waiting for the RBI to issue operational guidelines on interoperability for several months now

2 min read25 Jun 2018
Industry

NPCI likely to name Visa's Uttam Nayak as new CEO

Dilip Asbe, the interim CEO of National Payments Corp. of India (NPCI), may get a new position of deputy managing director

1 min read7 Nov 2017
Industry

NPCI hits 1 billion transaction volume in July

NPCI's target is a billion transactions a day in next three years, says MD and CEO A.P. Hota

1 min read5 Aug 2017
Industry

NPCI starts search for CEO A.P. Hota's successor

National Payments Corporation of India (NPCI) has invited applications from 20 years of experience in financial services thorough will payments ecosystems

1 min read20 Jul 2017