The Unified Payments Interface (UPI) experienced a temporary outage for the second time within a week.
New FASTag rules, imposing extra penalties on users with low balance, delayed payments or blacklisted tags, will come into force from Monday.
The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect.
The Aadhaar Enabled Payment System (AePS) based financial transactions touched 100 million in the month of August, with transaction amount stood at Rs 24,676 crore, the National Payments Corporation of India (NPCI) data showed on Sunday.
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
With this development, Peru will soon have a UPI-like instant payments system.
Earlier, NRIs had to register an Indian mobile number with their banks to make UPI payments.
In December, UPI recorded 12 billion transactions, totalling Rs 18.23 lakh crore.
The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences.
The continuous growth of UPI transactions and new achievements, exemplifies the collective endeavours of technology visionaries, financial institutions, and regulators.
