NPCI
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Business
super.money Aims to Break into UPI Top Five with 100 Million Transaction Target by Year-End
Flipkart-backed fintech company super.money has set an ambitious goal to rank among the top five players on the Unified Payments Interface (UPI) leaderboard by year-end, according to a senior executive. Since launching its beta version in June, the company has successfully processed approximately 10 million transactions. Prakash Sikaria, founder and CEO of super.money, stated, “We aim to reach 100 million…
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Business
Digital Payments Revolution: PhonePe Rolls Out Credit Line on UPI
Bengaluru: Fintech leader PhonePe announced the launch of a new credit line feature on the Unified Payments Interface (UPI) on Thursday, nearly a year after its introduction by the National Payments Corporation of India (NPCI). This feature allows customers to access short-term credit, enhancing the payment options available at checkout for merchants using PhonePe’s Payment Gateway. According to PhonePe, this…
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Business
New Year, New UPI: Key Changes Enhance Online Banking Experience
New Delhi: The New Year brings significant enhancements to the Unified Payments Interface (UPI), aiming to elevate the digital banking and payment transaction landscape. Inactive UPI IDs: The National Payments Corporation of India (NPCI) has mandated the deactivation of inactive UPI IDs, dormant for over a year, by payment apps. ‘UPI for Secondary Market’ Launch: NPCI introduces the ‘UPI for…
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