Payment Processing System
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UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
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Japan Explores Ways to Join India's UPI Payment System
Japan is mulling to join India's UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. Japanese Digital Minister Kono Taro earlier on Friday said in an interview with a media ch...
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RuPay Card, UPI Can Now Be Used for E-Commerce Payments Globally
NPCI International has executed a definitive agreement with digital payments infrastructure provider PPRO to offer Indian customers a platform for hassle-free e-commerce payments globally. The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients.
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PhonePe Launches Support for Cross-Border UPI Payments in Select Countries: Report
PhonePe, Indian digital payments and financial technology company, has launched support for cross-border UPI payments, under UPI International. The apps' users can now use their Indian bank accounts to pay at merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan, The Bhutan Live reported. Earlier, Indian users had to use either foreig...
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Google Pauses Mandatory Play Store Billing for App Developers in India Following CCI Ruling
Google has updated its Play Support help page in India to state that the company has paused its policy requiring app developers to use the Google Play billing system for any purchases of apps and services in the country. The decision of the company comes after a Competition Commission of India (CCI) ruling that directed the company to not restrict ...
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RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
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RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India.
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Bharat Bill Payment System Will Soon Let NRIs Pay Utility Bills, Education Fees, RBI Says
The Bharat Bill Payment System (BBPS) will soon let NRIs to pay utility bills and education fees on behalf of their family members in India, RBI said. Currently, over 20,000 billers are part of the BBPS, and more than 8 crore transactions are processed on a monthly basis on the transaction platform.
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NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
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How Does The E-Challan System Work In India?
With increasing road accidents in the country, e-challans have streamlined the penalty process and also made motorists more adherent of the law. But, what exactly is the e-challan and how does the system work in India?
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Google, Apple Can’t Force Payment Systems on Developers, Says South Korea’s Landmark Bill That Just Passed
A landmark bill passed in South Korea's parliament bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.
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Google Pay, Play Billing System Faces Antitrust Investigation in India Over Market Dominance
Competition Commission of India (CCI) ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system.
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Supreme Court Agrees to Hear Plea for Regulations to Ensure Data Collected on UPI Platforms Not Exploited
The Supreme Court agreed to hear a petition filed by Rajya Sabha MP Binoy Viswam who has sought a direction to the RBI to frame necessary regulations to ensure that data collected on UPI platforms is not “exploited” or used in any manner other than for processing payments.
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Visa Close To 'Normal' After Outage Blocks Transactions Across Europe
Payment systems giant Visa said late Friday it was "operating at close to normal levels" after a hardware failure left it struggling to process transactions in Europe.
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Payments Firm Visa Suffering Service Disruption In Europe
Payment systems giant Visa said it was experiencing problems processing transactions in Europe on Friday and was trying to fix the issue.
-
UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
-
Japan Explores Ways to Join India's UPI Payment System
Japan is mulling to join India's UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. Japanese Digital Minister Kono Taro earlier on Friday said in an interview with a media ch...
-
RuPay Card, UPI Can Now Be Used for E-Commerce Payments Globally
NPCI International has executed a definitive agreement with digital payments infrastructure provider PPRO to offer Indian customers a platform for hassle-free e-commerce payments globally. The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients.
-
PhonePe Launches Support for Cross-Border UPI Payments in Select Countries: Report
PhonePe, Indian digital payments and financial technology company, has launched support for cross-border UPI payments, under UPI International. The apps' users can now use their Indian bank accounts to pay at merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan, The Bhutan Live reported. Earlier, Indian users had to use either foreig...
-
Google Pauses Mandatory Play Store Billing for App Developers in India Following CCI Ruling
Google has updated its Play Support help page in India to state that the company has paused its policy requiring app developers to use the Google Play billing system for any purchases of apps and services in the country. The decision of the company comes after a Competition Commission of India (CCI) ruling that directed the company to not restrict ...
-
RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
-
RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India.
-
Bharat Bill Payment System Will Soon Let NRIs Pay Utility Bills, Education Fees, RBI Says
The Bharat Bill Payment System (BBPS) will soon let NRIs to pay utility bills and education fees on behalf of their family members in India, RBI said. Currently, over 20,000 billers are part of the BBPS, and more than 8 crore transactions are processed on a monthly basis on the transaction platform.
-
NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
-
How Does The E-Challan System Work In India?
With increasing road accidents in the country, e-challans have streamlined the penalty process and also made motorists more adherent of the law. But, what exactly is the e-challan and how does the system work in India?
-
Google, Apple Can’t Force Payment Systems on Developers, Says South Korea’s Landmark Bill That Just Passed
A landmark bill passed in South Korea's parliament bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.
-
Google Pay, Play Billing System Faces Antitrust Investigation in India Over Market Dominance
Competition Commission of India (CCI) ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system.
-
Supreme Court Agrees to Hear Plea for Regulations to Ensure Data Collected on UPI Platforms Not Exploited
The Supreme Court agreed to hear a petition filed by Rajya Sabha MP Binoy Viswam who has sought a direction to the RBI to frame necessary regulations to ensure that data collected on UPI platforms is not “exploited” or used in any manner other than for processing payments.
-
Visa Close To 'Normal' After Outage Blocks Transactions Across Europe
Payment systems giant Visa said late Friday it was "operating at close to normal levels" after a hardware failure left it struggling to process transactions in Europe.
-
Payments Firm Visa Suffering Service Disruption In Europe
Payment systems giant Visa said it was experiencing problems processing transactions in Europe on Friday and was trying to fix the issue.
