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NPCI Takes Steps To Address Duopoly Concerns In PhonePe, Google Pay

The National Payments Corporation of India (NPCI) is taking proactive steps to address concerns over the increasing market dominance of PhonePe and Google Pay within the Unified Payments Interface (UPI) ecosystem. According to a recent report by TechCrunch, NPCI is set ...

Paytm Payments Bank CEO Surinder Chawla Resigns Amid Regulatory Challenges

Amidst regulatory challenges faced by Paytm Payments Bank, its Managing Director and CEO, Surinder Chawla, has tendered his resignation, according to a regulatory filing by One97 Communications, the brand owner of Paytm, on April 9. Chawla's departure from the company comes ...

Paytm Resumes Lending Operations, Eyes Fresh Tie-Ups Amid Regulatory Challenges

Paytm, India's leading fintech giant, has resumed its lending activities after a temporary hiatus, signalling a renewed focus on expanding its financial services offerings. The company, helmed by entrepreneur Vijay Shekhar Sharma, has initiated merchant loans in collaboration with existing partners ...

Paytm Gets NPCI Approval, Becomes Third-Party UPI App Provider

The National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL), the parent company of Paytm, to operate as a third-party application provider (TPAP) under the multi-bank model for Unified Payments Interface (UPI) services. This long-awaited licence ...

Paytm Gets Lifeline: NPCI Allows UPI Transactions Through Four Banks

NPCI has allowed Paytm to continue UPI transactions through four banks - SBI, Axis Bank, HDFC Bank, and YES Bank, ensuring continuity in payment operations for Paytm users....

Transferred Money To Incorrect UPI-Linked Mobile No? Quick Steps To Get It Back

Most of us at least once or more than once faced the situation of mistakenly transferring money to incorrect bank account through the unified payment interface (UPI) linked mobile number. If such a scenario arises, your primary concern remains to retrieve ...

Paytm Navigates Regulatory Challenges, Partners with Major Banks for UPI Transactions

In a bid to navigate through regulatory hurdles, troubled Indian digital payments giant Paytm is reportedly in talks with Axis Bank, HDFC Bank, State Bank of India (SBI), and Yes Bank to facilitate transactions via the Unified Payments Interface (UPI), according ...

No Need To Add Beneficiary Details For IMPS Transactions Up To Rs 5 Lakh; New Rule From February 1, 2024!

From February 1, 2024, transferring up to Rs 5 lakh will become easier via IMPS as there will be no need to add beneficiary details. This is because the NPCI has decided to envisage a convenient customer journey through IMPS which ...

Hurry Up! Complete These Financial Tasks Before January 31 To Avoid Any Inconvenience Later

As we are nearing the end of this month, there are many money-related things that will change in February 2024. Besides, January 31 is the deadline for several financial tasks. So, in order to avoid any inconvenience, it is recommended to ...

HDFC Bank Leverages UPI for Secondary Market Transactions

HDFC Bank has successfully executed transactions using the NPCI's UPI payments app as part of the UPI for secondary market facility, which went live on January 1st. This move follows Sebi's approval for trading in the cash segment through block mechanism on an optional basis....

Finance Ministry calls meet to discuss digital payment fraud, cyber security

The Finance Ministry has called a meeting of senior bankers and RBI representatives to discuss steps to deal with increasing digital payment fraud and cyber security issue....

RBI Launches Credit Line on UPI, UPI LITE X And Others; Paytm Welcomes New Digital Offerings

The Reserve Bank of India (RBI) governor Shaktikanta Das launched a suite of new product offerings built by the National Payments Corporation of India (NPCI). At the Global Fintech Fest 2023, new products such as - Credit Line on UPI, UPI ...

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