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Learn how NPCI, an initiative of RBI and IBA, facilitates digital payments and settlement systems in India. Explore its products, services and statistics.
Jan 2, 2024 · The National Payments Corporation of India (NPCI) has asked banks and mobile payment applications like Google Pay, Paytm, and PhonePe to deactivate the UPI IDs and numbers of the accounts that have been inactive for one year.
BHIM-UPI-Guidelines (1)_Updated _8th April'24. Table of Content. The required logos or logo unit can be downloaded from the Brand Centre of the NPCI website. Direct Link: https://www.npci.org.in/brand-centre.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
Sep 1, 2023 · NPCI establishes UPI’s rules, guidelines, and regulations, defining the roles, responsibilities, and liabilities of Payment Service Providers, Third Party Application Providers, and other participants. This includes managing dispute resolution, transaction processing and settlement, and clearing cut-offs for appropriate settlement.
Dec 13, 2023 · Discover NPCI's groundbreaking move to link multiple payment instruments on UPI, offering a comprehensive payment experience. Learn about guidelines and compliance for seamless transactions.
Dec 5, 2022 · The National Payments Corporation of India (NPCI) came up with a novel idea in March 2021 to save the unified payments interface (UPI) from concentration risk. The guidelines mandated each UPI third-party app to adhere to a 30 percent transaction volume cap by December 31, 2022, to avoid the concentration of UPI volumes in the hands of a few ...
NPCI prescribes rules, regulations, guidelines, and the respective roles, responsibilities and liabilities of the PSPs and TPAP, with respect to UPI. This also includes transaction processing and...
Mar 22, 2018 · NPCI recently issued a circular on 16 March titled “Guidelines on Interoperability features for all BHIM UPI Apps” (Link here). This circular contains the design as per which UPI payments in India will be accepted and processed in the future.
Mar 28, 2023 · UPI transactions new rule from April 1: Users will not be charged due to PPI interchange, clarifies NPCI. Any Unified Payments Interface (UPI) transactions of more than Rs 2,000 made via prepaid payment instruments (PPI) like online wallets or pre-loaded gift cards, etc, will carry an interchange fee of up to 1.1 percent from April 1, 2023.
