Indian tourists visiting Japan may soon be able to make payments using the Unified Payments Interface (UPI), reported by ANI. The development follows a Memorandum of Understanding (MoU) signed between NPCI International Payments Limited (NIPL) – the international arm of the National Payments Corporation of India and NTT DATA Japan, a leading IT and business…
The Securities and Exchange Board of India (SEBI) has launched two new digital initiatives — Validated UPI Handles and SEBI Check — designed to boost payment security in the stock market and protect investors from fraudulent fund collections. Under the new system, SEBI-registered intermediaries such as brokers and mutual funds will operate through an exclusive…
The Reserve Bank of India (RBI) has set up the Payments Regulatory Board (PRB) under the Payment and Settlement Systems Act, 2007, following recent amendments notified by the government. The central bank confirmed the development in a press release issued on Tuesday, September 30. According to the RBI, the amendments to Section 3 of the…
Indian visitors to Qatar can now use the Unified Payments Interface (UPI) for transactions, with Qatar Duty Free outlets at Hamad International Airport becoming the first merchant to enable the service, according a release from NPCI International Payments Limited (NIPL), reported by ANI. The launch follows a partnership between NIPL and Qatar National Bank (QNB),…
The Reserve Bank of India (RBI) has made it compulsory for payment aggregators to obtain prior licences in order to operate. Introducing new rules for such entities, the banking regulator has mandated companies to must have a minimum net worth of Rs 25 crore within three years in order to qualify for payment regulator licences. The new…
SBI Card and PhonePe introduced a co-branded credit card to thank customers for regular spending. The PhonePe SBI Card is available in two variants, PhonePe SBI Card SELECT BLACK and PhonePe SBI Card PURPLE. Customers can earn up to 10 per cent reward points on everyday spends like Recharges, Bill Payments, Insurance, Flights, Hotels, Pincode…