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3 days ago · Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
- National Payments Corporation of India
12 hours ago · Data shared by the National Payments Corporation of India (NPCI) on Saturday said that the May figures were 49 per cent up in volume and 39 per cent up in value compared to the same month in 2023 In May, Aadhaar Enabled Payment System (AePS) was down 4 per cent to 90 million compared to 95 million in April.
May 15, 2024 · The National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) are among the regulators who watch and ensure the functioning of the payment systems by observing and maintaining regulations.
May 26, 2024 · National Payments Corporation of India or NPCI is an organization that operates and manages the payment systems in India. NPCI was established in 2008 by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) as a not-for-profit company under the provisions of the Indian Companies Act, 1956. Establishment of NPCI.
May 13, 2024 · Latest data from the National Payments Corporation of India (NPCI) revealed that the number of Unified Payments Interface (UPI) transactions reached 1,330 crore in April. On a year-on-year basis, the UPI transaction count has increased by 50 per cent.
- ET Government
- contactus@etgovernment.com
May 22, 2024 · The National Payments Corporation of India (NPCI) recently extended the deadline for third-party UPI players to comply with the 30% volume cap in digital transactions to December 2024. Currently, major TPAPs like Google Pay and PhonePe hold an 85% share in UPI transactions.
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May 9, 2024 · The National Payments Corporation of India ( NPCI ), the quasi-regulator, will extend by as much as two years a year-end deadline to cap at 30% the market share of any company processing payments via the Unified Payment Interface ( UPI ), the sources with direct knowledge of the matter told Reuters.
