The Reserve Bank of India (RBI) has issued guidelines permitting cooperative banks to act as merchant acquirers on the ...

Highlighting India's growing prominence in fintech and digital technology, President Droupadi Murmu has said that the country ...

Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, ...

UPI transactions using IDs with special characters will be declined. Update your app to comply with the new NPCI rule.

In an effort to standardise the process of generating Unified Payments Interface (UPI) transaction IDs, the National Payments ...

The ministry of statistics and programme implementation is exploring new data sources for estimating the informal sector ...

The NPCI this month stated that while most participants in the UPI ecosystem have already complied with the technical standards, a few continue to use non-compliant formats. To address this, the ...

NPCI will disallow special characters in UPI transaction IDs to standardise processes. This comes as UPI transactions hit record levels.

NPCI has said that from February 1 users can’t use special characters in Unified Payments Interface (UPI) identity.

Unified Payments Interface (UPI) apps will no longer process transactions with special characters in their transaction IDs.

Digital payment mechanisms offer significant potential to empower rural and semi-urban borrowers. However, their success depends on addressing underlying infrastructural and educational challenges.