Finance : UPI processed over 16B transactions worth ₹23.49 Lakh Crore in October 2024, marking significant growth in India’s digital pay...
Finance : Learn about UPI transaction trends, fraud prevention measures, and India's plans to integrate UPI with global payment systems for ...
Finance : Discover insights from the 4th Session of India-Ghana JTC where UPI operationalization on Ghana Interbank Payment System and MoUs ...
Finance : NPCI International collaborates with Bank of Namibia to deploy India's UPI in Namibia, boosting financial inclusion and modernizin...
Finance : NPCI grants approval to One97 Communications Limited to join UPI as a Third-Party Application Provider. Learn about the implicatio...
Finance : NPCI mandates stricter beneficiary name display rules for UPI transactions. Only verified bank names will show to reduce errors an...
Corporate Law : NPCI updates NACH mandate cancellation, enabling any sponsor bank to process. Banks/corporates responsible for data accuracy and c...
Finance : NPCI directs banks to enable online mandate cancellation by February 28, 2025, or face de-boarding from ONMAGS. Non-compliance ris...
Finance : NPCI updates NACH rejection codes to enhance clarity in mandate processing. Member banks must implement changes by January 1, 2025...
Finance : NPCI mandates AES-GCM encryption for ONMAGS users by January 2025, enhancing data security. Non-compliance risks service discontin...
NPCI mandates stricter beneficiary name display rules for UPI transactions. Only verified bank names will show to reduce errors and fraud. Compliance is required by June 2025.
NPCI updates NACH mandate cancellation, enabling any sponsor bank to process. Banks/corporates responsible for data accuracy and confirmation. Effective 4/4/25.
NPCI directs banks to enable online mandate cancellation by February 28, 2025, or face de-boarding from ONMAGS. Non-compliance risks participation in NACH.
UPI processed over 16B transactions worth ₹23.49 Lakh Crore in October 2024, marking significant growth in India’s digital payment ecosystem.
Learn about UPI transaction trends, fraud prevention measures, and India’s plans to integrate UPI with global payment systems for ease of transactions.
NPCI updates NACH rejection codes to enhance clarity in mandate processing. Member banks must implement changes by January 1, 2025.
NPCI mandates AES-GCM encryption for ONMAGS users by January 2025, enhancing data security. Non-compliance risks service discontinuation.
NPCI introduces new transaction codes for DBT under NACH. Changes apply to APBS and ACH transactions with updates effective November 23, 2024.
NPCI advises on ATM cash retraction to prevent shutter overlay frauds, following RBI guidelines. Banks to implement risk measures and customer awareness programs.
NPCI allows auto-replenishment of NETC FASTag and RuPay NCMC via UPI Autopay, exempting the 24-hour pre-debit notification requirement.
