Mint Explainer: How UPI access will make digital wallet users' life easier
6 days, 11 hours ago

Mint Explainer: How UPI access will make digital wallet users' life easier

Live Mint  

So far, UPI payments from and to a PPI could only be made through the PPI issuer's app. A PPI issuer may “facilitate the discovery of its full-KYC PPIs on third-party UPI mobile applications, which, in turn, shall enable such PPIs to be linked to their PSP handle/s", the central bank notified, adding that such transactions from PPIs, using third-party UPI apps, will be authenticated using UPI credentials. By integrating PPIs with UPI, the RBI has addressed this issue, making it easier for users to link their digital wallets to UPI-enabled applications," said Ankush Julka, chief operating officer, MufinPay. Users can now choose from more platforms and use their PPIs to make UPI payments, whether for paying bills, shopping online, or transferring funds, allowing for wider adoption of digital payments. This development will allow PPI users—including those relying on gift cards, digital wallets, or transit cards—to participate in the digital payment ecosystem with greater ease," said Dilip Modi, founder and chief executive, Spice Money.

History of this topic

How tourists and NRIs can use UPI without an Indian bank account to make payments
5 hours, 59 minutes ago
NPCI extends 30% UPI market share deadline for 3rd party apps to end 2026
Trending News
1 week ago
Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
1 week ago
Digital wallet payments can now be made using any UPI app
1 week, 2 days ago
RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice
1 week, 2 days ago
PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer
1 week, 4 days ago
RBI permits UPI transactions via prepaid payment instruments using third-party apps
1 week, 5 days ago
Mobile Payments Pioneer Paytm's Innovative and Game-Changing Launches of 2024
2 weeks, 1 day ago
NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025
3 weeks ago
Google Pay adding UPI Circle to help add secondary user in payment app
4 months, 1 week ago
Swiggy integrates UPI for 5-second in-app payments: How does it work?
4 months, 3 weeks ago
Paytm starts migrating users to new UPI IDs: What changes for you?
8 months, 3 weeks ago
Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 3 weeks ago
Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 3 weeks ago
Paytm set to operate as third-party app for UPI: Report
10 months, 4 weeks ago
UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
11 months ago
From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 3 weeks ago
What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 9 months ago
PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
1 year, 9 months ago
UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible
1 year, 9 months ago
From Your Sabziwala to Countries Like Singapore, How UPI Has Changed the Way You Pay - News18
1 year, 9 months ago
Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago
RBI allows UPI-based transactions for inbound travellers to India
1 year, 10 months ago
India's UPI and Singapore's PayNow are now linked: How will this benefit users?
1 year, 10 months ago
How UPI's Money Mantra Is Reverberating Louder across The World
1 year, 10 months ago
Paytm's UPI Lite will now let users make payments without using PIN
1 year, 10 months ago
Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 10 months ago
PhonePe becomes first Indian fintech platform to enable cross-border UPI payments
1 year, 11 months ago
RBI Mulls Addressing Monopoly of PhonePe, Google Pay in UPI Space; Deputy Guv Explains
2 years, 4 months ago
UPI payments to be charged? Finance ministry responds
2 years, 4 months ago
How Will UPI-Credit Card Linking be Different from Credit Card Payment on Paytm, MobiKwik?
2 years, 6 months ago
RBI allows credit cards to be linked with UPI platform
2 years, 7 months ago
Modi govt 8 years: How India outpaced world in UPI, digital payments
2 years, 7 months ago
Google Pay unveils ‘Tap to Pay’ for UPI payments
2 years, 9 months ago
Tech tips: How to make UPI payments without using the internet
2 years, 9 months ago
UPI123Pay: Payment solution for feature phone users
2 years, 9 months ago
UPI for feature phones: Four key things to know about UPI123Pay
2 years, 9 months ago
RBI launches UPI for feature-phone users
2 years, 9 months ago
RBI's UPI for Feature Phones; You Don't Need Smartphone, Internet for UPI Payments
2 years, 10 months ago
UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today
2 years, 10 months ago
Govt testing UPI Lite to allow payments without internet
2 years, 11 months ago
2020 in review: Digital payments policy initiatives in 2020 that could have a lasting impact
3 years, 2 months ago
PhonePe Continues to Lead UPI Payments Space With 42% Share, Paytm Remains Distant Third
3 years, 9 months ago
UPI Payments via Google Pay, PhonePe and More May Not Function Properly For Few Days, Here's Why
3 years, 11 months ago
Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards
4 years ago
Paytm Payments Bank Relies On Superior Tech To Clock Highest UPI Payments Success Rate In India
4 years ago
Snapdeal Now Allows Users to Make Doorstep Payment With UPI-Linked Apps Like PhonePe, Paytm and More
4 years ago
Opinion | Bridging the financial divide digitally
4 years, 3 months ago
WhatsApp Pay to Rely On Fintech Solutions Made By Indian Companies
4 years, 5 months ago

Discover Related