Search results
The launch of the Unified Payment Interface (UPI), a real-time digital payment system, has revolutionised digital payments in India. India leads globally in terms of real–time payment transactions with 48.6 billion transactions processed in 2021. Our research estimates thatUPI has saved the Indian economy approximately $67 billion since its ...
May 20, 2024 · The National Payments Corporation of India (NPCI) has launched a program aimed at hiring women who are looking to return to work after a career break. This initiative is designed to enhance the representation of women within the company, broaden the talent pool, and expedite the hiring process for experienced professionals.
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.
Feb 26, 2024 · National Payments Corporation of India (NPCI), after conquering the Indian market, has set its sights on challenging global payments giants Mastercard and Visa. Plus, it is making a big play in ...
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.
Jan 11, 2023 · Further, the National Payments Corporation of India (NPCI) requested, among other things, for incentivisation of BHIM-UPI and RuPay Debit Card transactions to create a cost-effective value proposition for ecosystem stakeholders, increase merchant acceptance footprints and faster migration from cash payments to digital payments. The Government ...
Bharat Bill Payment System (BBPS) as a platform is also maturing, with customers steadily shifting to electronic bill payments. This trend has been supported by the onboarding of new billers which has increased at a CAGR of 56% since the inception of this platform. With the National Payments Corporation of India (NPCI) transferring all its BBPS
