Digital wallet payments can now be made using any UPI app
1 week, 2 days ago

Digital wallet payments can now be made using any UPI app

Hindustan Times  

The Reserve Bank of India has now allowed users to pay from their digital wallets using any UPI-enabled app, as long as the wallet has also completed full KYC verification. “A PPI issuer shall enable holders of only its full-KYC PPIs to make UPI payments by linking its customer PPIs to its UPI handle.UPI transactions from PPI on the issuer’s application shall be authenticated using the customer’s existing PPI credentials. “A PPI issuer may also facilitate discovery of its full-KYC PPIs on third-party UPI mobile applications, who, in turn shall enable such PPIs to be linked to their PSP handle/s. Such UPI transactions, from PPIs using third party UPI applications, shall be authenticated using the UPI credentials,” the notification read. The issuer's application will be using the customer's current PPI credentials to authenticate UPI transactions from PPI, making transactions of this kind pre-approved before entering the UPI system.

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History of this topic

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

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer
1 week, 4 days ago

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer

Live Mint  

The Reserve Bank of India recently allowed the users of prepaid payment instruments to access UPI services via third party applications. This will enable the PPI holders to make UPI payments like bank account holders,” reads the RBI statement dated April 5, 2024. So, the latest move on Dec 27 was a follow-up action where the RBI instructed all prepaid …

RBI permits UPI transactions via prepaid payment instruments using third-party apps
1 week, 5 days ago

RBI permits UPI transactions via prepaid payment instruments using third-party apps

Deccan Chronicle  

Mumbai: The Reserve Bank on Friday allowed prepaid payment instrument holders to make and receive UPI payments through third-party mobile applications. It has been decided to enable Unified Payments Interface payments from/to full-KYC prepaid payment instruments through third-party UPI applications, the central bank said in a circular. "A PPI issuer shall enable holders of only its full-KYC PPIs to make …

Paytm, Google Pay, PhonePe UPI transactions are putting your safety at risk
4 months, 2 weeks ago

Paytm, Google Pay, PhonePe UPI transactions are putting your safety at risk

India Today  

A year ago, when Diksha, an 18-year-old girl from Bengaluru, uploaded a tweet with her GPay scanner displayed along with the UPI ID, she never thought that it would end up in her getting harassed by a 44-year-old ‘married man’. In case you weren't aware, UPI is a digital payment system that combines multiple bank accounts into a single mobile …

Paytm UPI Lite Wallet: No PIN required, transaction limit and how to use. Details here
7 months, 3 weeks ago

Paytm UPI Lite Wallet: No PIN required, transaction limit and how to use. Details here

Hindustan Times  

Paytm UPI Lite Wallet can be used for making fast and easy transactions without the need for a PIN. It offers lightning-fast payments that never fail with no pin requirement.” Paytm UPI Lite Wallet: Using Paytm UPI Lite Wallet users can make instant transactions of up to ₹ 500 each. Using Paytm UPI Lite Wallet users can make instant transactions …

Paytm starts migrating users to new UPI IDs: What changes for you?
8 months, 3 weeks ago

Paytm starts migrating users to new UPI IDs: What changes for you?

Hindustan Times  

One97 Communications Limited, Paytm's parent company, began migrating customers to partner payment service provider banks Axis Bank, HDFC Bank, SBI and Yes Bank. Until now, Paytm UPI customers were using Paytm Payments Bank Limited which was barred by the Reserve Bank of India from conducting several business operations. Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as …

Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 3 weeks ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 3 weeks ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

Will @Paytm UPI Work After March 15? Here's What Users Need To Know
10 months, 1 week ago

Will @Paytm UPI Work After March 15? Here's What Users Need To Know

News 18  

In January 2024, the Reserve Bank of India imposed restrictions on Paytm Payments Bank due to “persistent non-compliance” with regulations. Third-Party App Provider RBI has asked the NPCI to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle ‘@paytm’ to 4-5 other banks, in a bid to prevent any disruptions in the payment ecosystem. As the …

Paytm set to operate as third-party app for UPI: Report
10 months, 4 weeks ago

Paytm set to operate as third-party app for UPI: Report

Hindustan Times  

One97 Communications Limited, the parent firm of crisis-hit Paytm, is focusing on the third-party payment app route to ensure that the fintech major's Unified Payments Interface remains available to its users, according to an Economic Times report. “Since Paytm Payments Bank will stop offering payment services, Paytm will become a third-party app going forward, integrating UPI through other lenders,” the …

Will UPI service continue on Paytm? Company's response
11 months ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
11 months ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 3 weeks ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

UPI now, pay later: 2 banks have rolled out this facility
1 year, 3 months ago

UPI now, pay later: 2 banks have rolled out this facility

Live Mint  

Soon after the Reserve Bank of India expanded the scope of Unified Payments Interface by enabling transfer from credit lines, a few banks have rolled out this facility for ardent UPI users. HDFC Bank offers PayLater facility wherein a new account gets created when you activate PayLater on your UPI app. ICICI Bank also offers PayLater to offer instant digital …

All your questions about transactions made with PPIs via UPI, explained
1 year, 9 months ago

All your questions about transactions made with PPIs via UPI, explained

The Hindu  

April 05, 2023 10:59 pm | Updated April 06, 2023 02:00 pm IST The story so far: Earlier last week, the National Payments Corporation of India, which governs UPI, in a circular issued directly to banks, intimated that they can now levy charges on merchant transactions made through Prepaid Instrument wallets using UPI. Subsequently, PPI issuers tied up with NPCI …

Paytm answers if customers need to pay fee on UPI payments
1 year, 9 months ago

Paytm answers if customers need to pay fee on UPI payments

Hindustan Times  

Digital payments firm, Paytm, on Wednesday clarified doubts over National Payments Corporation of India’s latest circular notifying that an interchange fee of up to 1.1% will be applicable on merchant UPI transactions from April 1. In a tweet, the financial tech firm urged to not spread misinformation as it said that “no customer will pay any charges on making payments …

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI
1 year, 9 months ago

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI

News 18  

The National Payments Corporation of India on Wednesday said that UPI has emerged as the preferred mode of digital payment by offering free, fast, secure and seamless experience. Traditionally, the most preferred method of UPI transactions is linking the bank account in any UPI enabled app for making payments which contributes over 99.9% of total UPI transactions, it added. The …

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
1 year, 9 months ago

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

The Hindu  

Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” the National Payments Corporation of India, which governs UPI,, said in a statement on Wednesday. Rajsri Rengan, …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

RBI allows UPI-based transactions for inbound travellers to India
1 year, 10 months ago

RBI allows UPI-based transactions for inbound travellers to India

The Hindu  

A facility to enable all in-bound travellers visiting India to make local payments using Unified Payments Interface while they are in India has been made available from Tuesday, the Reserve Bank of India said. “Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To begin with, ICICI Bank, IDFC First Bank …

Paytm's UPI Lite will now let users make payments without using PIN
1 year, 10 months ago

Paytm's UPI Lite will now let users make payments without using PIN

India Today  

Paytm, the popular payments app, has introduced a new feature called UPI Lite that makes it easier for users to make small value transactions without needing to enter a PIN every time. Talking about the new feature, Praveena Rai, COO, NPCI, said, “We are very excited to launch UPI LITE on Paytm Payments Bank. With UPI Lite, users can carry …

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 11 months ago

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more

India TV News  

One97 Communications Limited, the owns of Paytm, the online payments and financial services company and the pioneer of QR and mobile payments, has launched a special G20-theme QR Code to celebrate India’s presidency of the intergovernmental forum and the country’s leadership in mobile payments. This QR code was launched by Mr. Ashwini Vaishnaw, Hon’ble Minister for Railways, Communications and Electronics …

Indian travelers can soon make UPI payments using PhonePe in UAE, Singapore and other countries
1 year, 11 months ago

Indian travelers can soon make UPI payments using PhonePe in UAE, Singapore and other countries

India Today  

PhonePe has become the first fintech app to facilitate UPI payments in countries. The new update on the PhonePe will let users instantly pay foreign merchants using UPI.PhonePe has extended its UPI support in countries including UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code. Speaking on the development, Rahul Chari, CTO and Co-Founder of PhonePe said, …

How Will UPI-Credit Card Linking be Different from Credit Card Payment on Paytm, MobiKwik?
2 years, 6 months ago

How Will UPI-Credit Card Linking be Different from Credit Card Payment on Paytm, MobiKwik?

News 18  

Though the Reserve Bank of India has allowed the linking of credit cards to the UPI platform, there are various fintech platforms, like Paytm and Mobikwik, that already provide payment facilities through these cards. Here’s what experts say about the linking: Platforms That Allow Adding Money Through Credit Cards Fintech platforms Paytm and Mobikwik allow their users to add money …

RBI allows credit cards to be linked with UPI platform
2 years, 7 months ago

RBI allows credit cards to be linked with UPI platform

India TV News  

Highlights RBI today allowed credit cards to be linked with the unified payments interface It will enable more people to make payments using the popular platform At present, UPI facilitates transactions by linking savings or current accounts through debit cards RBI news updates : The Reserve Bank of India on Wednesday allowed credit cards to be linked with the unified …

UPI123Pay: Payment solution for feature phone users
2 years, 9 months ago

UPI123Pay: Payment solution for feature phone users

The Hindu  

The story so far: On March 8, the Reserve Bank of India launched a new Unified Payments Interface payments solution for feature phone users dubbed ‘UPI123Pay’. The new UPI-based service is designed to bring the digital payments platform closer to a significant number of feature phone mobile subscribers in the country, which is estimated to be more than 40 crore. …

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today
2 years, 10 months ago

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today

News 18  

You don’t need a smartphone or internet connection to do Unified Payments Interface payments anymore. To enable thousands of feature phone users with the digital payment ecosystem in the country, the Reserve Bank of India is all set to launch UPI123Pay on Tuesday. Why UPI Payment for Feature Phones RBI governor Shaktikanta Das announced to launch a UPI-based payment system …

Prepaid Payment Instruments – The Future Of Online Payments
3 years, 2 months ago

Prepaid Payment Instruments – The Future Of Online Payments

Live Law  

Numerous technological innovations, revolutionary progress in Fintech and the ever-growing use of Prepaid Payment Instruments has led to regular amendments in the Master Directions on issuance and Operation of Prepaid Payment Instruments. To sum up, the major change from the Previous Master Directions is that non-bank PPIs were not allowed to issue Full KYC PPIs, however under the New Master …

Want to add your bank account to Paytm for UPI transactions? Here's how you can do it
3 years, 4 months ago

Want to add your bank account to Paytm for UPI transactions? Here's how you can do it

India Today  

Paytm stands for ‘Pay Through Mobile'. Here’s how to add your bank account to Paytm for UPI transactions Step 1: Download and install the Paytm app from Google Play Store on your Android smartphone. Step 2: Register yourself on the Paytm app using the same mobile number that is linked to your bank account. After successful verification and completion of …

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee
4 years, 1 month ago

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee

News 18  

Digital payments company Paytm has announced that Paytm merchants can now receive unlimited payments through Paytm Wallet, UPI and Rupay cards at zero percent fee. Speaking about the development, Kumar Aditya, Paytm senior vice president said, “We are empowering our merchant partners across the country to accept wallet payments and get them directly into their bank account without worrying about …

Paytm announces dole out incentives for merchants at kirana stores
5 years, 6 months ago

Paytm announces dole out incentives for merchants at kirana stores

India TV News  

In a move to make deeper inroads in the country, digital payments company Paytm on Thursday announced to push cashback from peer-to-peer UPI transactions to offline merchant payments at retail kirana stores. Also, read: Asus 6Z with 48MP + 13MP Flip Camera and 5000mAh battery launched in India The company is targeting to partner with over 20 million retail kirana …

Paytm brings cashback offers for offline merchants at kiarana stores
5 years, 6 months ago

Paytm brings cashback offers for offline merchants at kiarana stores

India TV News  

In a move to make deeper inroads in the country, digital payments company Paytm on Thursday announced to push cashback from peer-to-peer UPI transactions to offline merchant payments at retail kirana stores. Our offline merchants create high-frequency usage and an important use-case for Paytm consumers," said Deepak Abbot, Senior Vice President, Paytm. "To further help merchants get better access to …

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