NPCI – pressnews

Indians staying in UAE can now make UPI payments using PhonePe app

28Mar

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Technology

Indians staying in UAE can now make UPI payments using PhonePe app

[ad_1] Indian tourists and NRIs visiting the UAE can now make UPI payments using the PhonePe app. This development comes as a result of the National Payments Corporation of India (NPCI) partnering with Mashreq Bank's NEOPAY, paving the way for UPI-based payments in the Gulf Nation. With a substantial Indian expat population residing in the UAE, the inclusion of UPI as a payment option simplifies financial transactions for Indian travellers. Previously, in 2021, UPI services were successfully introduced in Bhutan through collaboration with the Royal Monetary Authority, Bhutan's central bank. Also read: Google SGE now helps you plan vacations, get shopping recommendations; Know how it works "UAE is a very popular destination, with millions of Indian visitors every year. With this partne...

5 Things about AI you may have missed today: OpenAI responds to lawsuit, Puma integrates Google’s AI solutions, more

6Mar

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Technology

5 Things about AI you may have missed today: OpenAI responds to lawsuit, Puma integrates Google’s AI solutions, more

[ad_1] AI roundup: In response to Elon Musk's lawsuit, OpenAI released a statement via a blog post, highlighting the allegations over the responsibility of building artificial intelligence (AI) tools. In a separate development, PUMA has integrated Google Cloud's AI solutions to improve its shopping experience for customers. Know more about what happened in the world of AI today, March 6, 2024.1. OpenAI responds to Elon Musk's lawsuitLast week, Elon Musk filed a lawsuit against OpenAI Chief Executive Officer Sam Altman and President Greg Brockman claiming that the company has diverted from its goal to develop responsible AI. Now, ChatGPT maker has finally reposed to the claims saying “We're sad that it's come to this with someone whom we've deeply admired.” It is reported that Musk vente...

Exciting UPI updates in 2024: Here are 5 new key features you will benefit from

5Jan

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Exciting UPI updates in 2024: Here are 5 new key features you will benefit from

[ad_1] UPI updates in 2024: As we step into the new year, it's important to be aware of some fresh updates to the Unified Payments Interface (UPI), India's fastest-growing payment method. The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have collaboratively crafted these regulations, which aim to enhance your online banking and payment experiences. it's crucial to acquaint yourself with five rule updates set to elevate your online banking and payment experiences.Effective from January 1, 2024, here are five key UPI updates you should keep in mind.1. Dynamic UPI IDs: The NPCI is taking a proactive step by directing payment apps to deactivate dormant UPI IDs after one year. Whether you're a user of Google Pay or PhonePe, ensuring the activity of your U...

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

18Nov

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Technology

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

[ad_1] In a proactive move to enhance the security and reliability of the Unified Payments Interface (UPI) ecosystem, the National Payments Corporation of India (NPCI) has issued a directive aimed at major third-party UPI apps such as Google Pay, Paytm, PhonePe, and others. The mandate, conveyed through a recent circular, requires these platforms and associated banks to deactivate UPI IDs and numbers that have remained inactive for over a year.NPCI, a non-profit organization overseeing retail payments and settlement systems in India, emphasizes that this measure is essential to prevent unintentional fund transfers to unintended recipients. The risk arises when customers change their mobile numbers without unlinking the old ones from the banking system, as there is a chance that the old ...

Google for India 2023: Google to launch Digi Kavach to protect Indian users from online scams

19Oct

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Technology

Google for India 2023: Google to launch Digi Kavach to protect Indian users from online scams

[ad_1] The Google for India 2023 event has just concluded. The big annual event took place in New Delhi's Pragati Maidan. A roundtable conference was also organized where senior executives of Google talked about various initiatives and programs in front of select people from the media. One of the major highlights was the announcement of the launch of Digi Kavach, a new program designed to keep users safe online and to protect them from scams. The project is being launched in India as a pilot project, and later the model will also be implemented in other countries.Saikat Mitra, vice president and head of trust and safety, at APAC, made the big announcement and said that this program was born out of the concern of how to keep 1 billion people of India safe online. Digi Kavach was being la...

No charge on UPI payments, it is ‘FREE’: NPCI

30Mar

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No charge on UPI payments, it is ‘FREE’: NPCI

[ad_1] Do you make UPI transactions and are worried if you will have to pay charges for the same? There were several reports claiming that charges will be levied on UPI payments. However, the National Payments Corporation of India (NPCI) has now clarified that there will be no charges for the bank account to bank account-based UPI payments that are normal UPI payments. It further stated that the recently introduced interchange charges are only applicable for the prepaid payment instruments (PPI) transactions and there is no charge to customers.NCPI says UPI transactions will remain free of charge "UPI is free, fast, secure and seamless... Every month, over 8 billion transactions are processed free for customers and merchants using bank-accounts," NPCI tweeted. While in a release, it sta...

Facing internet issues while sending money via UPI? Send it offline via UPI Lite

22Sep

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Technology

Facing internet issues while sending money via UPI? Send it offline via UPI Lite

[ad_1] NPCI recently introduced the offline method of transferring money via UPI Lite. Know how you can use it. Do you often face internet issues while making payments via UPI? If yes, then NPCI has solved your problem allowing you to make online payments without even connecting to the internet. Since many of us depend on UPI and other online payment methods for most of the transactions, it sometimes becomes irritating when a transaction fails. One of the major reasons for transaction failure or slow transaction process is poor network connectivity. However, NPCI resolved this issue by introducing a new app UPI Lite to carry out the offline method of transferring money. Here's how you can use itHow to set up your offline UPI ...