Pci News - Latest Updates & Headlines
Know all about new UPI guidelines effective from April 1
New Delhi, March 29: The National Payments Corporation of India (NPCI) recently issued new guidelines on numeric UPI ID solution with the aim of enhancing customer experience for UPI number-based payments. These new guidelines will be effective from April 1.
Differently Abled Cricket Council of India receives PCI recognition
New Delhi, March 28: The Differently Abled Cricket Council of India (DCCI) has achieved a remarkable milestone by gaining recognition from the Paralympic Committee of India (PCI) – the apex governing body dedicated to promoting and developing para sport in the country.
Praveen Khandelwal urges Centre to exempt small merchants, consumers from paying Merchant Discount Rate
New Delhi, March 26: Praveen Khandelwal, the BJP MP from Delhi and National Secretary General of the Confederation of All India Traders (CAIT), has urged the central government to exempt small merchants and consumers from paying Merchant Discount Rate (MDR) on digital transactions.
BHIM 3.0 now smarter with 15 languages, split bills & family mode
New Delhi, March 25: NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India (NPCI) on Tuesday launched the latest version of the Bharat Interface for Money (BHIM) app -- BHIM 3.0.
PCI submits letter to PM Modi seeking re-evaluation of zero MDR for UPI and RuPay Debit
Mumbai, March 24: The Payments Council of India (PCI), an industry body representing a diverse range of non-banking payment industry players, with 180 members, has submitted a formal letter to the Prime Minister Narendra Modi, seeking urgent reconsideration of the Zero Merchant Discount Rate (MDR) policy for Unified Payments Interface (UPI) and RuPay debit card transactions, according to a release.
Cabinet okays Rs 1,500 crore incentive scheme to boost low value BHIM-UPI transactions
New Delhi, March 19: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore.
NPCI in talks to remove 'pull transactions' on UPI to reduce digital frauds
Mumbai, March 18: In an effort to curb rising digital frauds, the National Payments Corporation of India (NPCI) is reportedly in early discussions with banks to eliminate 'pull transactions' on the Unified Payments Interface (UPI).
Private sector participation, public engagement key towards India's nuclear energy goals: Minister
New Delhi, March 4: Achieving 100 GW of nuclear power by 2047 will require a focused and determined approach, adding around 4 GW annually from now onwards, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Tuesday.
UPI transactions see 33 pc YoY volume growth in Feb, value up 20 pc
New Delhi, March 1: The unified payments interface (UPI) transactions witnessed 33 per cent growth (year-on-year) in transaction volume in February at 16.11 billion, the National Payments Corporation of India (NPCI) data showed on Saturday.
UPI has potential for other countries to learn: University of Cambridge Business School
New Delhi, February 27: Unified Payments Interface (UPI) has potential for other countries to learn from the experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School.Professor Montes is in India to participate in the inaugural NXT Conclave 2025, set for February 28th and March 1st at Bharat Mandapam in New Delhi.During January 2025 around 17 billion transaction has been made through UPI. After the demonstration of UPI today in national capital, Montes said that glad to see the UPI payment system.
NPCI circular has no impact on FASTag customer experience: Centre
New Delhi, Feb 19: The government on Wednesday said that a recent circular issued by the National Payments Corporation of India (NPCI) has no impact on the overall FASTag customer experience.
New FASTag rules to streamline toll payments effective from Monday
New Delhi, Feb 16: New FASTag rules, imposing extra penalties on users with low balance, delayed payments or blacklisted tags, will come into force from Monday.
UPI's share in India's digital payments surged to 83pc: RBI report
Mumbai, Jan 28: The share of the Unified Payments Interface (UPI) in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 per cent over the last five years, according the RBI's payment system report.
UPI has potential to grow 10 times, onboard 200-300 million more people: NPCI CEO
New Delhi, Jan 17: The unified payments interface (UPI) has the potential to grow 10 times and onboard 200-300 million more people into the digital payments fold soon, Dilip Asbe, MD and CEO, the National Payments Corporation of India (NPCI), said on Friday.
Indians visiting UAE to get wider access to UPI payments as NIPL ties up with Magnati
New Delhi, Jan 16: Indian tourists visiting the United Arab Emirates (UAE) will be able to use Unified Payments Interface (UPI) to make payments over a wider range of merchant locations with NPCI International Payments Limited (NIPL) announcing that it has entered into a partnership with Magnati, a payment solutions provider in the Middle East.
Maharashtra cabinet makes FASTag mandatory from April 1 for all vehicles
New Delhi, January 7: Maharashtra cabinet on Tuesday decided to make FASTag mandatory from April 1, 2025 for all vehicles in the state.