Page-2 of Unified Payments Interface
Dilip Asbe appointed as new Managing Director and CEO of NPCI
Dilip Asbe has been appointed as the new Managing Director and CEO of National Payments Corporation of India (NPCI). Prior to this, Asbe was CEO-in-charge of NPCI. He succeeded A.P.Hota, who retired in August 2017. Asbe has been in the ..
The Union government to bear MDR charges to promote digital transactions
To promote digital transactions, the union cabinet has recently decided to bear the Merchant Discount Rate (MDR) applicable on digital payments via debit cards, etc., up to Rs 2,000. The MDR applicable on transactions made through debit cards, the Unified ..
The Union government engages ICICI to enable cashless payments on e-NAM
The Union government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit ..
Tata Power becomes first power utility to introduce a QR code based bill payments system in India
Tata Power has become the first power utility to introduce a QR code based bill payments system in India. The QR code linked to Unified Payments Interface (UPI) will be printed on the electricity bills. The customers can scan the ..
Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana
The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under ..
Unified Payments Interface becomes operational
The National Payments Corporation of India (NPCI) has announced that Unified Payments Interface (UPI) application has become operational. The application will allow customers to make easier real-time payments via digital means using smartphones. Key Facts The payment gateway became operational ..