The Unified Payments Interface (UPI), which enables instant real-time payments, is currently experiencing disruptions. User reports indicate widespread issues with the services offered by the system, including payments and fund transfers. According to the outage tracking website Downdetector, reports of problems surged around 7:40 pm IST, with 2,750 users reporting issues. Most users reported issues…
Banks and UPI applications must conduct weekly updates of their mobile number records. (AI image) UPI users should take note of new mobile number verification rules from April 1, 2025. The NPCI has released fresh guidelines for banks, UPI payment applications, and third-party UPI service providers concerning numeric UPI IDs. These new regulations seek to…
JAMMU: CBI on Thursday arrested a section officer of sheep & husbandry department in Jammu for demanding a ₹5 lakh bribe to process recruitment-related work, catching him accepting an advance of ₹50,000 via UPI from the complainant.A local court sent the accused to judicial custody for 14 days.“The accused demanded a bribe of ₹5 lakh…
SEBI, the country’s market regulator, plans to make your mobile phone the primary gateway for stock market transactions, proposing a system that would bind trading accounts to specific SIM cards and devices.The Securities and Exchange Board of India (SEBI) on Tuesday unveiled a consultation paper suggesting a “One UCC-One Device-One SIM” mechanism, similar to UPI…
NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday outlined India’s economic trajectory, fiscal policies, and key government initiatives after she presented the 8th consecutive union budget a day earlier.Sitharaman reaffirmed the Centre’s commitment to fiscal consolidation while ensuring economic growth, infrastructure expansion, and sectoral support. Addressing global economic challenges, she detailed strategies to navigate…
The National Payments Corporation of India (NPCI) has lifted the user cap on WhatsApp Pay, allowing the popular messaging platform to onboard its entire user base of over 500 million onto the Unified Payments Interface (UPI).In a release issued on the decision, the retail payments and settlement systems operator’s said that the 100-million-users cap on…
GURGAON: A woman and her son, who were taking a ride in a BluSmart cab, were robbed at gunpoint by its driver, who forced her to transfer Rs 55,000 via UPI before driving away.Police said the driver was arrested on Sunday. The incident took place on Nov 29 evening. A case was filed at Kherki…
Two new changes have come to UPI starting November 1. The National Payments Corporation of India (NPCI) has introduced an auto top-up feature and increased transaction limits for UPI Lite, effective November 1, 2024, to streamline small-value digital payments. New transaction limit and more Under the new guidelines, users can now make transactions up to…
The National Payments Corporation of India (NPCI) is reportedly taking a firm stance against unauthorised use of virtual IDs generated for Unified Payments Interface (UPI) transactions. According to a report in Economic Times, certain fintech firms have been offering a service that allows businesses to authenticate users using their UPI IDs, a practice that violates…
UPI transaction limit set to change: The National Payments Corporation of India (NPCI) has made a significant announcement that will benefit millions of taxpayers in the country. Starting September 16, 2024, individuals will be able to use the Unified Payments Interface (UPI) to pay taxes up to Rs 5 lakh per transaction.This follows the NPCI…
