Pointing to the “alarming state of affairs” of economic crimes in India, Ajay Kumar Choudhary, Non-Govt Chairman and Impartial Director, Nationwide Funds Company of India (NPCI), on Thursday stated cyber criminals have siphoned off ₹1,750 crore within the first 4 months of 2024. “The rising sophistication of fraud, typically leveraging AI and cryptocurrencies, poses vital … Read more
India and Maldives have signed an settlement to introduce the Unified Funds Interface within the archipelago nation, which could have a “very optimistic” impression on its tourism sector, Exterior Affairs Minister S Jaishankar has stated. The Memorandum of Understanding was signed on Friday throughout Jaishankar’s three-day official go to to the Maldives. Additionally learn: UPI … Read more
NPCI mentioned on Thursday that its abroad arm has signed a pact with the Financial institution of Namibia (BoN) for growing a UPI-like immediate cost system for Namibia. By leveraging expertise and experiences from India’s UPI, the partnership seeks to assist Namibia modernize its monetary ecosystem. This consists of bettering accessibility, affordability, and connectivity with … Read more
With prolonged deadline for 30 per cent UPI market ceiling by NPCI approaching, business gamers are keenly awaiting the implementation and measures to attain the cap from January 1. The Nationwide Funds Company of India (NPCI) in December 2022 prolonged the deadline for third-party UPI gamers to satisfy its 30 per cent quantity cap in … Read more
The ides of March is upon us and Paytm’s future hangs within the stability. March 15 is the deadline for subsidiary Paytm Funds Financial institution (PPBL) to wind down its operations, taking with it a good portion of mother or father One97 Communication’s (OCL) enterprise. One97 insists that it will likely be enterprise as normal … Read more
NPCI Worldwide Funds (NIPL), the worldwide arm of Nationwide Funds Company of India (NPCI) has entered into an settlement with Nepal-based fee community Fonepay Cost Service, for cross-border UPI transactions between India and Nepal. Additionally learn: RBI, Govt assist to gasoline fintech companies development: NPCI Chief Dilip Asbe The association will facilitate QR-code-based, person-to-merchant (P2M) UPI … Read more
With backing from the federal government and the Reserve Financial institution of India (RBI), the fintech firms in India can broaden their international footprint mentioned Dilip Asbe, MD and CEO of the Nationwide Funds Company of India (NPCI). Additionally learn: Decoding fintech and its jargons “Creating an buying footprint, creating value-added providers over that, I … Read more