News Muncher - category upi

3 days, 14 hours ago

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

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 …

Fraud Fir Shield Users Upi Bharatpe

4 days, 22 hours ago

From new limits to new features: All changes made in UPI in 2024

India TV News

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

Payments Users Feature Transaction Limit Upi Npci

4 days, 23 hours ago

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

ABP News

NPCI International Payments, the entity tasked with expanding NPCI’s homegrown payment products globally, is working to extend the reach of the Unified Payments Interface to four to six additional countries in 2025, up from the current seven, according to Ritesh Shukla, CEO of NIPL. NIPL, a wholly-owned subsidiary of the National Payments Corporation of India, aims to launch UPI in …

India Singapore Payment Systems Countries Shukla Npci Upi International

5 days, 14 hours ago

Using UPI for online payments? Do this to avoid QR code scams

India Today

As UPI has revolutionised online transactions in India, allowing for smoother money transfers and payments, it has also opened doors to various types of fraud. One of the rising concerns is the increasing number of QR code scams, which are catching people off-guard. In a QR code scam, the victim is presented with a fake or malicious QR code, often …

Qr Codes Code Upi Codes Money Transfer Qr Code Scams

1 week ago

UPI credit cards will grow massively in next 1-2 years, says Riya Bhattacharya of Rio Money

Live Mint

Once a user starts using a UPI credit card, it becomes a daily habit. This program enables users to link their RuPay credit cards to UPI apps in order to make payments. Hence we are seeing that once a user starts using UPI Credit Cards, it becomes a daily habit for them. Even small payments are possible using UPI Credit …

Payments Credit Cards Card Cards Rbi Users Upi Payments

How a tailor's tag, UPI payment helped Odisha police solve murder of a woman

Hindustan Times

The tailor's tag on a blood-stained shirt found near the crime scene helped Odisha Police solve a mystekrious murder case of a 35-year-old woman and led to the arrest of three persons, officials said. On December 13, cops recovered the body of a woman on the banks of Kathjodi river under Cuttack's Kandarpur police station area, PTI reported. All these …

Odisha Babu Pti Meena Tailor Deceased Tag

1 week ago

MobiKwik’s IPO: Is this the start of something bigger?

Live Mint

MobiKwik’s initial public offering subscription is complete, and it’s all set to make its market debut soon. MobiKwik’s two pillars: Payments vs financial services MobiKwik’s business rests on two key pillars: its payments business and its financial services arm. It earns fees from merchants whenever users make purchases using MobiKwik’s wallet, UPI, MobiKwik-issued card, or even through buy-now-pay-later or EMI …

Business India Financial Services Payments Financial Services Products

1 week ago

Tailor's tag, UPI trail help Odisha Police solve woman's murder, husband arrested

India Today

A tailor's tag on blood-stained clothes and a UPI payment slip helped Odisha Police solve a murder case within 30 hours. Initially, police examined tailoring shops with similar names across Odisha, but none matched the design of the receipt. A tailor in Ganjam district informed that such kinds of tags are being used in Gujarat," Cuttack DCP Jagmohan Meena said. …

Odisha Babu Tailor Tag

1 week, 1 day ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

India Financial Transactions Payment Crore Transactions Upi

1 week, 3 days ago

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

Live Mint

MUMBAI : Bajaj Finance Ltd, one of India’s leading non-bank lenders, is scaling back its ambitions in the payments and credit card businesses as part of a revised five-year roadmap, BFL 3.0. Read this | Bajaj Finance set for a sturdy quarter despite RBI directive Explaining the rationale behind re-evaluating Bajaj Pay, the company’s payments platform, Jain said, “After three …

Finance India Credit Payments Pay Company Million

1 week, 5 days ago

Shaktikanta Das 6 year tenure: HITS & MISSES

Deccan Chronicle

Mumbai: The appointment of Shaktikanta Das as 25th Governor of the Reserve Bank of India happened on December 12, 2018 when his predecessor, Urjit Patel resigned abruptly citing personal reasons following a fallout with the government over the central bank's autonomy. As economy revived raised interest rates starting May 2022 to keep inflation under check Instrumental in ensuring that economic …

Bank Cent Shaktikanta Das

1 week, 6 days ago

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years

Firstpost

Shaktikanta Das’s tenure as RBI governor ended today. Das also hoped that Malhotra would carry forward RBI initiatives such as the Central Bank Digital Currency and unified lending interface and promote financial inclusion. ‘RBI, Finance Ministry perspectives can differ at times’ Das said that during his tenure as the RBI governor, there was a productive and cooperative relationship between India’s …

India Bank Digital Central Rbi Das Governor

2 weeks ago

UPI enables expansion of credit among underserved borrowers: Study

New Indian Express

BENGALURU: Unified Payments Interface has enabled underserved borrowers to access formal credit for the first time as loans to new-to-credit borrowers in regions with high UPI adoption have increased by 4% and to subprime borrowers by 8%, according to a study. Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its …

Credit Digital Borrowers Transaction Upi

2 weeks, 1 day ago

UPI enabled significant expansion of credit among underserved borrowers: Study

Live Mint

New Delhi, Dec 7 Unified Payments Interface has brought in a significant expansion of consumer credit among the underserved borrowers who had no credit history, a study said. By October 2023, 75 per cent of all retail digital payments in India were through UPI, according to a study titled Open Banking and Digital Payments: Implications for Credit Access. It has …

Credit Digital Upi Enabled Underserved Underserved Borrowers

2 weeks, 2 days ago

Mobikwik seeks valuation of around $250 million, cuts issue size

Live Mint

MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has …

Market Financial Payments Financial Services Company Crore Rbi

2 weeks, 2 days ago

Fact Check: Did Pankaj Tripathi urge people not to vote for BJP? Truth behind viral video

India TV News

India TV Fact Check: A video clip featuring Bollywood actor Pankaj Tripathi has been widely circulating on social media, with the claim that the actor campaigned against the Bharatiya Janata Party and warned voters to be cautious about the promises made by the BJP. In the video, which appears to be the same as the one shared by AAP social …

Social Media Fact Check Viral Video Video Bollywood Viral Vote

2 weeks, 2 days 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 …

Tamil Nadu Scam Deposit Pin Upi

2 weeks, 2 days ago

RBI Allows Small Finance Banks to Give Credit on UPI

Deccan Chronicle

Mumbai: The Reserve Bank of India on Friday allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface. Till now, only scheduled commercial banks were allowed to offer pre-sanctioned credit lines on the flagship payments platform. The central bank in its monetary policy also made several positive announcements for banks such as raising the FCNR deposit rates, …

Credit Bank Rbi Upi

2 weeks, 3 days ago

Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility

Live Mint

Reserve Bank of India Governor Shaktikanta Das, during the Monetary Policy Committee meeting announcement on December 6, said the bank's facility of providing credit lines through Unified Payments Interface will now be expanded. RBI MPC keeps policy rate unchanged — Details The RBI MPC today decided to keep the policy rate unchanged for the 11th consecutive time, but sharply lowered …

Policy Cent Rate Banks Das Mpc Crr

2 weeks, 3 days ago

RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details

India TV News

In a latest development, the Reserve Bank of India on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface. Credit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said. The scope of UPI was in September 2023 expanded by enabling pre-sanctioned credit …

Credit Banks Upi Finance Bank Credit Line Small Finance Banks

2 weeks, 3 days ago

RBI increases UPI Lite transaction limit: How will you benefit?

India Today

The Reserve Bank of India has raised the transaction limit for UPI Lite to Rs 1,000 per transaction and the wallet limit to Rs 5,000, compared to the earlier limits of Rs 500 and Rs 2,000, respectively. The UPI Lite framework, first introduced in January 2022 and updated in August 2023, was created to simplify small-value digital payments. Convenience for …

India Payments Digital Transactions Upi Upi Lite Lite Transaction

AAP shares doctored video showing actor Pankaj Tripathi campaigning against BJP

Op India

Ahead of the upcoming Delhi Assembly elections in February 2025, the Aam Aadmi Party launched a controversial campaign against BJP releasing a doctored video featuring a renowned actor Pankaj Tripathi on 5th December. '” The doctored In the video shared by AAP, it is clear that on the phone held by Pankaj Tripathi, an image saying ‘Vote for BJP’ on …

Video Campaign Bjp Actor Aap Upi Tripathi

2 weeks, 4 days ago

Fact Check: No, Pankaj Tripathi DID NOT campaign against the BJP in an ad. This video is edited

India Today

As political parties gear up for Assembly elections in Delhi scheduled for February 2025, the Aam Aadmi Party shared a video on December 5 featuring actor Pankaj Tripathi campaigning against the Bhartiya Janata Party. To claim your prize, In November 2023, the National Payments Corporation of India or the NPCI announced its collaboration with actor Pankaj Tripathi, appointing him as …

India Fact Check Video Campaign Bjp Pankaj This Video

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000

Op India

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000. As per the new rules introduced today, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction. “The offline framework has been updated and the enhanced limits for …

India Payment Rbi Upi Lite Upi Lite Transaction Limits

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Articles for Upi

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

From new limits to new features: All changes made in UPI in 2024

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

Using UPI for online payments? Do this to avoid QR code scams

UPI credit cards will grow massively in next 1-2 years, says Riya Bhattacharya of Rio Money

How a tailor's tag, UPI payment helped Odisha police solve murder of a woman

MobiKwik’s IPO: Is this the start of something bigger?

Tailor's tag, UPI trail help Odisha Police solve woman's murder, husband arrested

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

Shaktikanta Das 6 year tenure: HITS & MISSES

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years

UPI enables expansion of credit among underserved borrowers: Study

UPI enabled significant expansion of credit among underserved borrowers: Study

Mobikwik seeks valuation of around $250 million, cuts issue size

Fact Check: Did Pankaj Tripathi urge people not to vote for BJP? Truth behind viral video

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

RBI Allows Small Finance Banks to Give Credit on UPI

Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility

RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details

RBI increases UPI Lite transaction limit: How will you benefit?

AAP shares doctored video showing actor Pankaj Tripathi campaigning against BJP

Fact Check: No, Pankaj Tripathi DID NOT campaign against the BJP in an ad. This video is edited

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000