However, recent incidents of identity theft and fraud through AePS has prompted the central bank to act. In line with the ...

NPCI generates revenue primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), ...

Indian consumers can now expect faster UPI payments, particularly for merchant transactions, following new guidelines from the National Payments Corporation of India (NPCI) that significantly reduce ...

What’s changing from August 1? In the circular, NPCI directed all banks and payment service providers (PSPs) to “moderate and regulate the use of 10 significant, most-used APIs by July 31.” ...

Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1 These rules limit the number of times users can perform specific activities daily, such as checking account balances ...

The Finance Ministry has directed key financial institutions—including the Reserve Bank of India (RBI), major banks, and the National Payments Corporation of India (NPCI)—to heighten cybersecurity ...

UPI faced major outages recently, including a five-hour disruption on April 12. Learn what caused the downtime, how PSP banks contributed, and how NPCI responded.

The National Payments Corporation of India (NPCI) had announced on April 1st that UPI transaction volume reached a record high of 18.3 billion in March, a 13.5% year-on-year increase, with the ...

UPI Payment Down Today: UPI services faced a significant outage on April 12, affecting users over multiple payment platforms like Paytm, Google Pay, PhonePe, etc. NPCI is working on resolving the ...

About UPI Service and Its Functionalities The NPCI which functions under the direction of the Reserve Bank of India, developed a quick payment system known as UPI or Unified Payments Interface.

UPI transaction failures occur due to two reasons—NPCI’s servers being down or due to technical decline (wherein a bank server does not function properly).