The National Payment Corporation of India (NPCI) has issued a warning about the “Digital Arrest” scam targeting users of digital payment platforms. Criminals impersonate officials, using threats and demands for money. NPCI advises verifying identities and reporting suspicious activity to the cybercrime helpline (1930).
Digital payments are now accessible nationwide, driving India towards a digital-first economy. Be cautious if someone claims to be from government agencies like the police, CBI, income tax officers, or customs agents, contacts you.
India’s Unified Payments Interface (UPI) processed a staggering 15,547 crore transactions worth Rs 223 lakh crore between January and November 2024. UPI’s global reach extends to seven countries, including France, marking its European debut.
UPI transaction limit change: The National Payments Corporation of India (NPCI) has increased the transaction limit for certain payments using UPI to Rs 5 lakh, making it easier for individuals who use online payments. This move aligns with India’s push for a digital economy. The increased limit is likely to be effective from September 16, …
In-Solutions Global (ISG), backed by JP-Morgan, has received full payment aggregator authorisation from the Reserve Bank of India. This allows ISG, which already processes over 28 billion transactions annually for over 70% of Indian banks, to broaden its digital payment services, enhancing financial inclusion through faster and more secure transactions.
From leveraging AI to combat fraud and boosting digital wallets for financial inclusion to enhancing cross-border payments and embracing blockchain for efficiency, the card firm sees technology playing pivotal role in shaping the global payments ecosystem in the new year.
One MobiKwik Systems’ IPO was oversubscribed 119.38 times, with strong demand across all investor categories. The company has 161 million users, a broad merchant base, and reported significant growth in payment and credit services.
While emissions per digital payment transaction are minimal, the sheer scale of the industry results in a significant overall environmental footprint, says its report.
With over two decades of experience, Mukherjee brings unparalleled expertise in technical architecture, system performance, and the development of intelligent, scalable systems. In his current role, Mukherjee will lead the team to drive innovation, scalability, enhance customer experience and maintain competitive edge.
The Retail Individual Investors (RIIs) part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers (QIBs) received a mere 2 per cent subscription.
