Published 16 days ago • loading... • Updated 14 days ago

NPCI In Early Talks With Bankers To Eliminate Pull Transactions Via UPI

Summary by NDTV Profit

In order to curb the rise in digital frauds, the National Payments Corporation of India is said to have been in early discussions with bankers to eliminate pull transactions through Unified Payments Interface, three people told NDTV Profit.Most of the frauds are happening via the pull method. They are exploring to see if they can eliminate the pull method from the system itself and this way the fraud instances could come down, a person aware of …

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

9 Articles

All

Left

Center

Right

Business League - Financial Experts

UPI Rule Change: Big change in the rules of UPI transaction, new rules will be implemented from April 1, know more - Business League

UPI Rule Change: There is going to be a big change in the rules of UPI transactions from April 1, 2025. Know what effect these new guidelines will have on your wallet, digital payments and transactions UPI Rule Change: If you use UPI regularly, then this information is very important for you. The National Payments Corporation of India (NPCI) has issued new rules to make UPI transactions more secure, which will be effective from April 1, 2025. Th…

14 days ago

Read Full Article

Fintech Singapore

Singapore Businesses Can Now Accept UPI Payments via HitPay - Fintech Singapore

HitPay, a payments solution provider for businesses, has partnered with NPCI International Payments Limited (NIPL) to integrate India’s Unified Payments Interface (UPI) into its platform, This move will enable Singapore merchants to accept UPI payments for both in-store and e-commerce transactions. The integration gives businesses access to over 450 million UPI users in India, offering a cost-effective alternative that can save merchants up to 5…

14 days ago

Read Full Article

KnowProz

How to Check UPI ID Number Without Using a Bank App?

In the age of digital transactions, the Unified Payments Interface (UPI) has revolutionized the way we handle money. UPI allows users to transfer funds between bank accounts quickly and efficiently. One vital component of this system is the UPI ID, a unique identifier for users. While checking your UPI ID number in a bank app is straightforward, there are also ways to perform a UPI ID number check without using a bank app. Additionally, understa…

14 days ago

Read Full Article

rightsofemployees.com

New UPI Transaction Rule From 1st April, Key Major Change Details Here

UPI Rule Change: If you use UPI regularly, then this information is very important for you. The National Payments Corporation of India (NPCI) has issued new rules to make UPI transactions more secure, which will be effective from April 1, 2025. The aim of these changes is to make the digital payment system secure and transparent. What is the new rule? As per the new instructions of NPCI, banks will have to remove mobile numbers from their system…

15 days ago

Read Full Article

News Room Odisha

NPCI in talks to remove ‘pull transactions’ on UPI to reduce digital frauds

Mumbai: In an effort to curb rising digital frauds, the National Payments Corporation of India (NPCI) is reportedly in early discussions with banks to eliminate ‘pull transactions’ on the Unified Payments Interface (UPI). Most frauds are happening through the pull method, and NPCI is exploring the possibility of removing this feature altogether to reduce fraudulent activities. A ‘pull transaction’ happens when a merchant sends a payment request …

15 days ago

Read Full Article