Bank's UPI app glitches led to fraudulent transactions, says NPCI and iSpirt, following BoM complaint
8 years ago

Bank's UPI app glitches led to fraudulent transactions, says NPCI and iSpirt, following BoM complaint

Firstpost  

National Payments Corporation of India and iSpirt have come together to put out a joint statement pertaining to the security aspect of unified payments interface National Payments Corporation of India and iSpirt have come together to put out a joint statement pertaining to the security aspect of unified payments interface. According to NPCI and iSpirt, the recent spate of fraudulent transactions occured due to some glitches in the Bank of Maharashtra’s UPI app. Moneycontrol had reported on 21 March that banks may have witnessed some glitches in the UPI and Bhim app, which led to fake transactions although of low value. BoM had filed an FIR report with the police in Pune, against 50 people for illegally withdrawing money using the UPI app of the bank and causing a loss to the tune of Rs 6.14cr. According to NPCI, Bhim and UPI run in very secure conditions and they are certified by the best global practises like PCI DSS ISO 27001.

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History of this topic

UPI Users Alert! NPCI Issues New Guidelines, Effective April 1. Read All Details HERE
3 days, 3 hours ago

UPI Users Alert! NPCI Issues New Guidelines, Effective April 1. Read All Details HERE

ABP News  

The National Payments Corporation of India announced new guidelines for numeric UPI ID solutions, set to take effect from April 1. This means users whose registered mobile numbers are deemed inactive by their banks will lose access to UPI services unless they update their details. Impact on UPI Users and Mobile Number Inactivity Users relying on UPI services must ensure …

Were you unable to make UPI payments yesterday? Here's why
5 days, 15 hours ago

Were you unable to make UPI payments yesterday? Here's why

Firstpost  

Was your GPay or PhonePe down? The National Payments Corporation of India admitted to the issue and assured users that it had been resolved Unified Payment Interface services were disrupted on Wednesday evening, preventing hundreds of customers from conducting financial transactions using a number of mobile applications. The UPI outage Users were unable to complete digital transactions on Wednesday due …

Unstable UPI gave tough time to people, shopkeepers
Trending News
6 days, 1 hour ago

Unstable UPI gave tough time to people, shopkeepers

Deccan Chronicle  

Hyderabad: Digital payment faced major disruption in India following a widespread UPI outage on Wednesday evening. Many users and small businesses lodged complaints as payments failed on apps like Google Pay, Paytm, BHIM, and other bank UPI platforms. In the wake of widespread payment failures getting reported across India, National Payments Corporation of India issued a statement acknowledging the service …

UPI down: Digital transactions disrupted due to outage; NPCI says problem resolved
6 days, 2 hours ago

UPI down: Digital transactions disrupted due to outage; NPCI says problem resolved

The Hindu  

Digital transactions were impacted on Wednesday due to a widespread UPI outage with a large number of users reporting problems in the instant payment interface. NPCI had faced intermittent technical issues owing to which UPI had partial decline. — NPCI March 26, 2025 "NPCI had faced intermittent technical issues owing to which UPI had partial decline. Additionally, UPI offers a …

UPI outage hits several users across India, NPCI says issue resolved
Top News
6 days, 19 hours ago

UPI outage hits several users across India, NPCI says issue resolved

India Today  

A technical glitch in the Unified Payments Interface led to a nationwide outage, disrupting transactions on platforms like Paytm, Google Pay, and PhonePe. The National Payments Corporation of India acknowledged the issue, stating that it was caused by intermittent technical difficulties, resulting in partial transaction failures. Users complained on social media that their UPI transactions on various digital payments platforms …

Is your UPI linked to an inactive mobile number? Here's how NPCI protects you
2 weeks, 5 days ago

Is your UPI linked to an inactive mobile number? Here's how NPCI protects you

India Today  

Many people struggle to remove inactive mobile numbers linked to their UPI ID. By March 31, 2025, all banks and payment service providers offering UPI services must update their databases to remove inactive or recycled mobile numbers. “The banks, PSP App shall use the Mobile Number Revocation List/Digital Intelligence Platform and update their database accordingly at regular intervals, at least …

UPI alert! Banks to roll out these changes from April 1 onwards
4 weeks ago

UPI alert! Banks to roll out these changes from April 1 onwards

Live Mint  

National Payments Corporation of India has rolled out a latest circular to deal with rollout of numeric UPI ID mapper to enable UPI number. A UPI steering committee meeting was held on July 16, 2024 and multiple working group discussions for UPI numbers were held which were aimed at enhancing interoperability and user convenience in UPI number-based UPI payments. The …

NPCI Clarifies on Jump Deposit Scam
2 months, 2 weeks ago

NPCI Clarifies on Jump Deposit Scam

Deccan Chronicle  

Mumbai: The National Payments Corporation of India on Monday debunked recent media reports on online fraud called the Jump Deposit Scam. NPCI said that the media report had certain inaccuracies and technical discrepancies that has led to unnecessary panic and confusion among users about the UPI platform. “We would also like to clarify that no instances of fraud, as described …

NPCI clarifies on ‘Jumped Deposit’ scam in UPI payments, dismisses any fraud incidents
2 months, 2 weeks ago

NPCI clarifies on ‘Jumped Deposit’ scam in UPI payments, dismisses any fraud incidents

Live Mint  

The National Payments Corporation of India clarified recent media reports about a so-called "Jumped Deposit" scam, emphasizing that no fraudulent incidents, as mentioned in the reports, have been found on the UPI platform, on Monday. "In light of recent media reports concerning a new online fraud called ‘Jumped Deposit’ Scam, we have observed certain inaccuracies and technical discrepancies in these …

NPCI issues clarification on 'Jumped Deposit Scam.' 3 key things to know
2 months, 2 weeks ago

NPCI issues clarification on 'Jumped Deposit Scam.' 3 key things to know

India Today  

As digital payments revolutionise India, fraudsters are devising new tactics to exploit unsuspecting users. The latest concern, dubbed the 'Jumped Deposit Scam,' has sparked fears amongst Unified Payments Interface users. However, the National Payments Corporation of India has assured users of UPI's robust security and clarified misconceptions surrounding the alleged scam. The scam escalates when users, in their haste, authorise …

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
3 months ago

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users

India TV News  

The National Payment Corporation of India has decided to postpone its plan to implement a 30 percent cap on any individual app's share of transactions within the Unified Payments Interface. This recent development comes as a significant relief for PhonePe, backed by Walmart, and Google Pay, which together account for 85 percent of UPI transactions. NPCI, which is supported by …

As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it
3 months, 1 week ago

As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it

India Today  

Earlier this month, BharatPe rolled out a new service called "Shield" to protect its users from the growing threat of UPI fraud. Shield offers a comprehensive protection plan that safeguards users from fraud, phishing attempts, and unauthorised transactions, even if the user loses their phone. In today’s world, where digital payments have become a part of daily life, initiatives like …

Cyber Crime Wing of Tamil Nadu police warns of new UPI scam
3 months, 3 weeks ago

Cyber Crime Wing of Tamil Nadu police warns of new UPI scam

The Hindu  

The Cyber Crime Wing of the Tamil Nadu Police has issued an alert regarding a new scam that targets mobile money-users. Known as the ‘Jumped Deposit’ scam, this fraudulent method exploits users’ trust to execute unauthorised withdrawals through Unified Payments Interface. The Cyber Crime Wing has advised people receiving such suspicious deposits to wait for about 15-30 minutes before checking …

UPI merchants: THESE steps can help you avoid UPI-related scams
4 months, 2 weeks ago

UPI merchants: THESE steps can help you avoid UPI-related scams

India TV News  

UPI has become immensely popular in India, with transaction numbers rising each year. Some fraudulent apps mimic real UPI transaction interfaces, displaying details like bank account numbers, timestamps, UTR numbers, and more, but they don’t actually process any transactions, effectively scamming unsuspecting merchants. Check every transaction: Many merchants don’t closely monitor their UPI accounts and may mistakenly trust their customers …

Telangana: Fake UPI Apps Put People’s Trust in epayments in Risk
8 months, 3 weeks ago

Telangana: Fake UPI Apps Put People’s Trust in epayments in Risk

Deccan Chronicle  

Hyderabad: A customer arrived at a shop in Koti to purchase a product. This is the new scam businesses and enterprises are facing, where people are using fake UPI payment apps bought from shady dealers on Telegram. The fake apps are designed to look like genuine UPI payment apps. The fake apps don’t just have a payment completion feature, but …

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv
9 months, 3 weeks ago

UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv

News 18  

UPI customers around the country have recently been experiencing difficulties due to issues with digital payments. The National Payments Corporation of India, which oversees the UPI platform, is not the primary cause of the frequent disruptions in UPI payments, according to Reserve Bank of India Governor Shaktikanta Das. Furthermore, UPI transactions reach 450 million per day, and according to NPCI …

Here is how you can recover money lost in UPI or banking fraud
1 year, 3 months ago

Here is how you can recover money lost in UPI or banking fraud

India Today  

Digital transactions, including UPI and internet banking, have become integral aspects of our lives. Whether it's a UPI fraud, a banking scam, or a deceptive scheme offering online money transfers, scammers are constantly devising new ways to deceive people. UPI Fraud Unified Payments Interface has revolutionised digital payments in India, offering a quick and convenient way to transfer money. If …

NPCI directs Google Pay, Paytm, PhonePe, and others to deactivate these UPI IDs by this date
1 year, 4 months ago

NPCI directs Google Pay, Paytm, PhonePe, and others to deactivate these UPI IDs by this date

India TV News  

NPCI directs Google Pay, Paytm, PhonePe, and others to deactivate these UPI IDs by this date The National Payments Corporation of India has instructed apps like Google Pay, Paytm, and PhonePe to deactivate inactive UPI IDs and numbers by December 31. The National Payments Corporation of India has delivered an important message to third-party UPI apps like Google Pay, Paytm, …

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam
2 years ago

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam

Firstpost  

UPDATE: The National Payments Corporation of India shared an official statement which has been added to the end of the article. That hasn’t prevented scam artists from coming up with novel methods to defraud people using popular mobile payment applications. However, if the user returns the money using one of these UPI applications, the scammer will gain access to all …

Indians Must Learn to 'Stay Safe Online' as Scammers Have Spread Phishing Net for IRCTC, UPI Users: Experts
2 years, 3 months ago

Indians Must Learn to 'Stay Safe Online' as Scammers Have Spread Phishing Net for IRCTC, UPI Users: Experts

News 18  

While Union IT Minister Ashwini Vaishnaw launched a new campaign called “Stay Safe Online” as part of India’s presidency of the G20, a report by Cyble Research and Intelligence Labs revealed that there is a new wave of financial fraud in which scammers, monitoring Twitter complaints, are targeting IRCTC customers and UPI users. The scammers seem to monitor Twitter for …

UPI: the dawn of digital fintech nirvana
2 years, 8 months ago

UPI: the dawn of digital fintech nirvana

The Hindu  

If you own a smartphone, you have most probably done UPI-based payments using BHIM or some other mobile application. Secondly, a Payment Service Provider takes care of the to-and-fro transactions to this VPA and finally, the UPI software orchestrates the fund movement from a customer’s VPA to a target VPA and completes the transaction. A ubiquitous payment system The popularity …

RBI launches UPI for feature-phone users
3 years ago

RBI launches UPI for feature-phone users

Deccan Chronicle  

Mumbai: In a move that would boost digital payments among people from the lower rung of the society, the Reserve Bank of India governor Shaktikanta Das on Tuesday rolled out UPI123Pay, an option that would help over 40 crore feature phone users in the country to make Unified Payments Interface payments. Besides, the governor also launched Digi-Saathi—a 24x7 Helpline to …

Desist from sharing sensitive info online: SBI tells customers
3 years, 10 months ago

Desist from sharing sensitive info online: SBI tells customers

India TV News  

With digital transactions gaining traction amidst rising COVID cases, the country's biggest lender SBI has cautioned its customers to be alert against fraudsters and not to download any app from an unknown source. "We advise our customers to be alert of fraudsters and not to share any sensitive details online or download any app from an unknown source," State Bank …

Attention! UPI, payments frauds soar high in eastern Indian states: Report
3 years, 11 months ago

Attention! UPI, payments frauds soar high in eastern Indian states: Report

India TV News  

The eastern states in the country are witnessing high levels of digital frauds or UPI scams via payment apps and online marketplaces, a report has revealed. According to TrustCheckr, a fraud data insights and analytics startup, West Bengal, Odisha, Bihar, Assam, Kashmir, Arunachal Pradesh, Meghalaya, Tripura, Nagaland, Mizoram, Manipur, Himachal Pradesh and Sikkim are facing top frauds in KYC, fake …

UPI Payments via Google Pay, PhonePe and More May Not Function Properly For Few Days, Here's Why
4 years, 2 months ago

UPI Payments via Google Pay, PhonePe and More May Not Function Properly For Few Days, Here's Why

News 18  

Customers using UPI for online transactions may face errors between 1 AM to 3 AM IST for the next few days as the National Payment Corporation of India is upgrading its digital payment platform. The development essentially means that users who are transacting through the UPI gateway via BHIM or third-party apps such as Google Pay, Paytm and PhonePe may …

Financial fraud | Usury travels online, thrives during pandemic
4 years, 2 months ago

Financial fraud | Usury travels online, thrives during pandemic

The Hindu  

Usurious moneylending, or kandhu vatti, has always been a nightmare in Tamil Nadu. “When he/she defaults on payment, they and their contacts start getting messages and calls that are sometimes abusive and threatening in nature,” said a police officer. “They started to impose ₹100 to ₹200 as interest for every day after the stipulated seven days,” Mr. Puthiyavan said. These …

Flawed regulation can undermine the digital payment ecosystem
4 years, 4 months ago

Flawed regulation can undermine the digital payment ecosystem

Hindustan Times  

The National Payments Corporation of India’s announcement on the limits placed on Unified Payments Interface transactions for third-party apps is flawed. Systemic risks are automatically lower when consumers, merchants, and third-party app developers are all multi-homing, meaning they simultaneously use more than one app for the same purpose. Though two apps, PhonePe and GPay, dominate the UPI market, consumers are …

UPI app user alert! ICICI Bank issues advisory against scams, says don't do THIS
5 years, 6 months ago

UPI app user alert! ICICI Bank issues advisory against scams, says don't do THIS

India TV News  

UPI App users alert: Amid ongoing online banking or UPI-related scams, India's one of the largest private lender, ICICI Bank has issued an advisory for its customer. ICICI bank has warned all online banking users, especially those who use UPI apps-- Google Pay, PhonePe, Paytm, to be very cautious of frauds, in the wake of UPI-related scams. Here's what ICICI …

Truecaller signs up users for UPI account without their knowledge, says its a bug
5 years, 8 months ago

Truecaller signs up users for UPI account without their knowledge, says its a bug

Firstpost  

UPDATE: We reached out to the National Payments Corporation of India and a spokesperson told us in an emailed statement: “There was an issue in the app observed today. This morning, Truecaller users on Android woke up to the app automatically creating UPI accounts for ICICI Bank, without their consent. July 30, 2019 @TruecallerHelp @Truecaller latest Android version 10.41.6 automatically …

Truecaller automatically signs up people for UPI account, people call it scam and fear for their money
5 years, 8 months ago

Truecaller automatically signs up people for UPI account, people call it scam and fear for their money

India Today  

On Tuesday, some Truecaller users in India woke up to find what could be a major UPI scam in the making. It seems the popular Caller ID app is creating UPI accounts with ICICI Bank of users without their consent. One Twitter user, @Codepodu, explains that his Truecaller app sent an encrypted SMS from his phone to an unknown number, …

Online banking scam: RBI HDFC and other banks warn about this app used for stealing money
5 years, 8 months ago

Online banking scam: RBI HDFC and other banks warn about this app used for stealing money

India TV News  

HDFC bank has rolled out a warning to all its users about an app that is used by fraudsters for stealing money called the AnyDesk app. HDFC Bank warned its internet banking users on how the app is used by fraudsters to steal customers money via unified payments interface. Also, read: Xiaomi Mi Super Bass wireless headphone set to launch …

Wary of fake apps, many shopkeepers shy away from digital payment
5 years, 8 months ago

Wary of fake apps, many shopkeepers shy away from digital payment

India TV News  

With the growing popularity of payment apps based on Unified Payments Interface, a subsidiary of National Payments Corporation of India, scamsters are on the hunt. As India is acclimatising itself to UPI-based payment systems, there are many who resort to conning shopkeepers with fake apps. The description on the app's tutorial page reads, "This is a fun app, don't misuse …

Do not fall victim to new tactics used to steal money through UPI
5 years, 9 months ago

Do not fall victim to new tactics used to steal money through UPI

Live Mint  

Mumbai: Earlier this summer, when Abhishek Mishra, 24, who works as a manager in a staffing company in Delhi, was moving to a new place, he decided to replace his window air conditioner with a split AC. “The fraudster calling you does not use the term ‘OTP’ but says that it is a code that you need to share to …

RBI warns users against this app that can steal your money from bank account
6 years, 1 month ago

RBI warns users against this app that can steal your money from bank account

India Today  

If you have an app called Any Desk downloaded on your phone, chances are someone is spying on your bank account details and can anytime rob you off your money. The Reserve Bank of India is warning all the online banking users against this fraudulent app stating that the app could first steal all your banking details and then all …

Man cheated of Rs 6.8 lakh in a UPI app fraud despite never using the UPI app
6 years, 3 months ago

Man cheated of Rs 6.8 lakh in a UPI app fraud despite never using the UPI app

Firstpost  

With the push for Digital India at an all-time high, the digital literacy of the users of technological innovations also needs to be kept in mind. 30-year-old Mohan Lal, from Sector 12, Noida, Uttar Pradesh has reported that he was cheated of Rs 6.80 lakh via a UPI app, and that’s when he did not even own a smartphone. According …

Fake banking apps targeting victims in India, says cyber security company
6 years, 5 months ago

Fake banking apps targeting victims in India, says cyber security company

Op India  

Instances of financial fraud have been on an alarming rise in our country, especially in the world of digital banking. As per latest reports, fake banking apps of several banks including State Bank of India, ICICI Bank, Axis and Citi Bank, which are easily available on Google Play store, have compromised the data of nearly 160,000 people, according to Sophos …

Fake bank apps may have stolen thousands of customers' account and credit card details: Report
6 years, 5 months ago

Fake bank apps may have stolen thousands of customers' account and credit card details: Report

Firstpost  

The fake android apps have logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps New Delhi: Fake apps of SBI, ICICI, Axis Bank, Citi and other leading banks are available on Google Play, which may have stolen data of thousands of bank customers, claims a report by IT security firm Sophos …

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore
6 years, 6 months ago

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore

Firstpost  

The number of transactions via UPI grew 32 percent to 312.02 million over the previous month amounting to Rs 54,212.26 crore, according to NPCI website. Last month Reserve Bank of India Governor Urjit Patel unveiled UPI version 2.0 which allows customers to use overdraft limit for making payments for merchants. BHIM UPI recorded transactions worth Rs 45,845 crore and 235 …

BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new
6 years, 7 months ago

BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new

Firstpost  

Bharat Interface for Money or as it’s more commonly known, BHIM, has now received an upgraded version called BHIM UPI 2.0 with several new features. Most of the top banks in India such as ICICI Bank, IDBI Bank, RBL Bank and YES Bank are members of BHIM UPI. BHIM UPI 2.0: What’s new? BHIM UPI 2.0 was unveiled by the …

UPI sees first fall in monthly transactions since August 2016
6 years, 7 months ago

UPI sees first fall in monthly transactions since August 2016

Live Mint  

New Delhi: Monthly transactions through the unified payments interface fell in July, the first decline since its inception in August 2016, according to National Payments Corp. of India data. The number of UPI transactions fell 4.5% to 235.65 million in July from 246.37 million in the previous month, data released late on Wednesday said. PhonePe, a payments app which works …

4 reasons why UPI may overtake mobile wallets soon
6 years, 10 months ago

4 reasons why UPI may overtake mobile wallets soon

Live Mint  

Mumbai: Digital transactions got a leg-up post demonetisation, in turn giving a boost to mobile wallets, or e-wallets, and the Unified Payments Interface platform. While mobile wallets dominated the market immediately after the cash ban, since November 2017, the UPI platform has beaten e-wallets hands down in terms of the value of transactions. Also, the volume of UPI transactions has …

NPCI orders banks to stop UPI transactions from apps that are not complying with its directive
7 years ago

NPCI orders banks to stop UPI transactions from apps that are not complying with its directive

Firstpost  

Circular sent by NPCI stated a deadline for all UPI apps to comply post which it has the “right to decline the transactions for such non-compliant apps.” The National Payments Corporation of India is cracking down on all the UPI apps that are not complying with its directive. NPCI has reportedly instructed all banks and payment service providers to reject …

NPCI says record 145 mn digital transactions took place in December; offers Rs 25 cash back to promote BHIM app
7 years, 2 months ago

NPCI says record 145 mn digital transactions took place in December; offers Rs 25 cash back to promote BHIM app

Firstpost  

The total number of banks on NPCI’s UPI platform, for digital transactions, as on December, 2017 was 67. Kolkata: The National Payments Corporation of India – an umbrella organisation for all retail payments in India – registered 145.46 million transactions on its digital Unified Payments Interface in December, 2017 from just 4.15 million in January last year. The value of …

Airtel Payments Bank launches UPI enabled digital payments
7 years, 6 months ago

Airtel Payments Bank launches UPI enabled digital payments

India TV News  

Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface on its digital platform. "This would allow all our 20 million bank customers to create their personalised UPI handles on the Airtel app and enable them to make digital payments in both the offline and online space. Our bank …

NPCI's BHIM App crosses 16 million download mark
7 years, 8 months ago

NPCI's BHIM App crosses 16 million download mark

Deccan Chronicle  

Bhubaneswar: National Payments Corporation of India on Monday said its Bharat Interface for Money App has crossed 16 million downloads and 4 million active customer base and a new updated version would be launched soon. BHIM referral scheme is also operational now, where the existing BHIM user needs to encourage the new BHIM user to download the BHIM App and …

Digitisation drive: UPI is gaining currency among users but concerns of tech glitches, frauds remain
7 years, 8 months ago

Digitisation drive: UPI is gaining currency among users but concerns of tech glitches, frauds remain

Firstpost  

One of the highlights of UPI is that a user needs to get a virtual address and there is no need to reveal phone numbers or transfer money to a wallet The National Payments Corporation of India’s payment solution Unified Payments Interface has been growing leaps and bounds since its launch in August 2016. Thus One of the highlights of …

WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay
7 years, 8 months ago

WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay

Firstpost  

Whatsapp has got permission from the National Payments Corporation of India to tie up with banks to facilitate financial transactions via Unified Payments Interface, according to a report in The Times of India. WhatsApp, which has plans to foray into payments business, has been in talks with banks such as Axis Bank, ICICI Bank and Punjab National Bank, the report …

Google, Facebook in talks with NPCI to enable UPI-based payment systems
7 years, 8 months ago

Google, Facebook in talks with NPCI to enable UPI-based payment systems

Live Mint  

Technology companies such Google Inc., Facebook Inc. and WhatsApp Inc. are in talks with the National Payments Corporation of India to enable Unified Payments Interface -enabled payment on their platforms, a move which, if executed successfully, would significantly boost digital payments in the country, a senior NPCI executive said. Adoption of UPI based payments by the likes of Facebook, WhatsApp …

NPCI advises ICICI Bank to open UPI transactions through PhonePe App
8 years, 2 months ago

NPCI advises ICICI Bank to open UPI transactions through PhonePe App

Firstpost  

The national financial service UPI enables bank account holders to send and receive money from their respective smartphones without the need to enter bank account information or net banking details. The National Payments Corporation of India on Thursday said it has advised lending major ICICI Bank to ‘open UPI transactions’ through mobile phone e-wallet PhonePe App immediately. “This is a …

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