Tag: National Payments Corporation of India

NPCI with Payso to create awareness in digital payments

NPCI with Payso to create awareness in digital paymentsNational Payments Corporation of India (NPCI) has collaborated with Payso Fintech in a bid to create awareness about digital payments in four cities namely, Mumbai, Pune, Bhopal and Indore. Under the association Finternship, an eight weeks internship program will be organized for about 600 graduates and postgraduates students of prime institutes to make them digitally sound. These students will undergo a certified training program free of cost and post the training they will reach out to merchants in order to help them accept cashless payments. Earlier this week the program was started in Mumbai and it will also be conducted sequentially in Pune, Bhopal and Indore this month.

Kunal Kalawatia, Senior Vice President – Marketing & Branding, NPCI said, “We intend to enable over 12,000 merchants with BHIM UPI payments in a span of 8 weeks through this Finternship programme. We are happy to collaborate with Payso Fintech and spread awareness about Bharat Interface for Money – Unified Payments Interface (BHIM UPI) among students and merchants. Digital payments landscape has been growing with each passing year and we believe the key lies in educating the nation about the advantages of digital transactions.”….Read More

 

 

BHIM UPI a turnaround success, records 145 million UPI transactions

BHIM UPI a turnaround success, records 145 million UPI transactionsPrime Minister Narendra Modi’s recently launched BHIM app, a digital payments solution app based on the Unified Payments Interface (UPI) has become a success and attracted 145 million UPI transactions in December 2017, according to NPCI.

Talking about the app, BHIM is based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). If a user has signed up for UPI based payments on their respective bank account, which is also linked to his/ her mobile number, then he/ she will be able to use the BHIM app to conduct digital transactions.

 According to the report, since its launch the transactions are increasing rapidly as more e-commerce players and banks are rolling out their UPI interface….Read More