Tag: upi

Paytm, SBI Card and NPCI to launch co-branded RuPay credit cards to drive credit inclusion
18May By adminNo Comments
Technology

Paytm, SBI Card and NPCI to launch co-branded RuPay credit cards to drive credit inclusion

[ad_1] One97 Communications Limited (OCL), which owns the brand Paytm, today announced that it has partnered with India's largest pure-play credit card issuer SBI Card, to launch Paytm SBI Card on the RuPay network. The three homegrown brands, Paytm, SBI Card and NPCI, have joined forces to drive credit inclusion. They bring benefits, spend-based cashback points and milestone benefits for the most rewarding experience. Apart from that, the new product drives convenience by enabling customers to use the Paytm SBI Card on RuPay network, where UPI payments through credit cards will be live shortly. Above all, it looks to expand access to credit and foster financial inclusion by bringing ‘new to credit' users into the formal economy The Paytm and SBI Card partnership is expanding with the ...
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National Technology Day: AI must be implemented in a way that aligns with values, says Numadic cofounder Aprup Shet
11May By adminNo Comments
Technology

National Technology Day: AI must be implemented in a way that aligns with values, says Numadic cofounder Aprup Shet

[ad_1] As India celebrates National Technology Day, it is important to recognize the unique position India is in currently. From the sudden rise of electrical vehicles (EV), artificial intelligence (AI), UPI and digital banking usage, 5G rollout to the entry of new-age tech startups, India has all the tools in the right places to tap into a high growth spurt and bolster both the economy and our technological foundation for years to come. And to highlight the tech potential of India, we at HT Tech had a conversation with Aprup Shet, cofounder of Numadic, a vehicular interface platform.Q. 1 How have you seen technology grow in the last year?Technology has been instrumental in driving India's remarkable growth. Key trends include transitioning to clean energy with advancements in solar and...
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SBI server down! UPI, YONO hit by outage- Here’s how customers reacted
3Apr By adminNo Comments
Technology

SBI server down! UPI, YONO hit by outage- Here’s how customers reacted

[ad_1] Are you the customer of the State Bank of India (SBI) and facing issues while making UPI payments? Well, that is because SBI server is down. The bank has been receiving multiple complaints saying that the bank server is not responding. Because of the SBI outage, people are facing trouble in availing services like net banking, making UPI payments, and more.Down Detector India has informed about the same via a tweet saying, "User reports indicate State Bank of India (SBI) is having problems since 9:19 AM IST. http://downdetector.in/status/state-bank-of-india-sbi/ RT if you're also having problems #StateBankofIndia(SBI)down." According to the information provided by Down Detector most reported problems are related to online banking with 65 percent, followed by online login (25 perce...
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Gurugram: Company duped of ₹35 lakh after fraudsters tamper with payment gateway
2Apr By adminNo Comments
Technology

Gurugram: Company duped of ₹35 lakh after fraudsters tamper with payment gateway

[ad_1] Some unidentified fraudsters allegedly duped a company of ₹35 lakh by apparently tampering with its online payment gateway system, police said on Saturday.Ankit Rawat, the national head of operations at Parviom Technologies Pvt. Ltd., in his complaint said that his company uses the payment gateway services of Cashfree, which was breached resulting in 35 UPI transactions after getting unauthorised access to the systems through its dashboard. “Through the fraudulent transactions a total of around ₹35 lakh were transferred in the different bank accounts,” Rawat said in the complaint. He said that they are apprehending that the payment gateway has been breached and compromised, the source of which is not known to the company, police said.An FIR was registered against unknown people...
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No charge on UPI payments, it is ‘FREE’: NPCI
30Mar By adminNo Comments
Technology

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...
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Social impact at scale with thoughtful APIs groomed with good design
14Mar By adminNo Comments
Technology

Social impact at scale with thoughtful APIs groomed with good design

[ad_1] Navanwita Bora Sachdev is a freelance contributor and the Editor of The Tech Panda.The consequences of using Application Programming Interfaces (API) are undoubtedly far reaching, something that could be heaven sent for dispersing information and services on a large scale. Groomed with good design, thoughtful APIs for Environmental, Social, and Governance (ESG) could transform a society into a well-informed entity. APIs are often called the unsung heroes a user doesn't know about. Few users know just how many APIs are serving their needs in even the simplest of digital contractions, whether it's hailing an Uber, making a peer-to-peer payment, or communicating with a company via WhatsApp. APIs even drive streaming services like Netflix. In each of these, the customer-facing compa...
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5 safe online payment tricks: On UPI, keep your money secure this way
24Feb By adminNo Comments
Technology

5 safe online payment tricks: On UPI, keep your money secure this way

[ad_1] Do you keep cash in your pocket anymore? Perhaps not. In fact, most of us prefer making online payments wherever possible. We even have more than one Unified Payment Interface (UPI) linked payment-making applications like Google Pay (GPay), Paytm, PhonePe, among others installed in our smartphones.The process of making online payment via these apps is simple, however, sometimes even a simple mistake like wrong click, number, among others can cause you huge monetary loss. Here are some of the safety tips which you should consider while making UPI payments. 1. Screen lock: Keeping a strong screen lock, password or PIN not only for your phone but also for all payment or financial transaction apps is very important. It not only saves your phone from landing in the wrong hands but al...
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How UPI has become a strong revenue source for fintech pioneer Paytm
16Feb By adminNo Comments
Technology

How UPI has become a strong revenue source for fintech pioneer Paytm

[ad_1] In the Indian financial ecosystem, Paytm became a trendsetter when it launched its mobile wallet and QR payments almost a decade ago. From ‘scan and pay' to ‘tap and pay', Paytm's payment solutions have changed the way everyday transactions are carried out.But what truly sets Paytm apart is its diverse business model and a wide array of services it offers while its competitors are engrossed only on UPI payments so far and are now slowly following Paytm's footsteps into other areas. In fact, OCL's associate Paytm Payments Bank is a leader in UPI P2M payments, as the largest acquiring and beneficiary bank. During the recent earnings call, Paytm Founder and CEO Vijay Shekhar Sharma highlighted that Paytm's focus on merchant payments instead of consumer led UPI payment has created a...
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Indians Living In These 10 Countries Can Now Make UPI Payments
11Jan By adminNo Comments
Business

Indians Living In These 10 Countries Can Now Make UPI Payments

[ad_1] The big UPI move will help international students. (Representational)New Delhi: Indians in other countries will soon be able to access the Unified Payments Interface (UPI) using their international mobile numbers.Non Resident Indians (NRIs) in 10 countries can access UPI services for transactions without having to depend on their India phone number.The countries are Singapore, US, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, UAE and UK.According to the National Payments Corporation of India, accounts like NRE/NRO (Non Resident External and Non resident Ordinary) with international mobile numbers can transact using UPI.The Payments Corporation has given partner banks time till April 30th to comply with the directions.An NRE account helps NRIs transfer foreign earnings t...
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After RBI criticises Axis Bank for missing UPI bus, MD & CEO reacts
10Dec By adminNo Comments
Technology

After RBI criticises Axis Bank for missing UPI bus, MD & CEO reacts

[ad_1] After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn. After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn for building such businesses. "We didn't have ₹3,000 crore of money to make a loss on," was the quick response of Amitabh Chaudhry, the managing director and chief executive of the third largest private sector lender, when asked to comment on RBI Deputy Governor T Rabi Sankar's weekend statement. Speaking at an event organised by brokerage Motilal Oswal, Chaudhry further said businesses like Unified Payments Interface (UPI) are loss-making and also lack cash fl...
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