National Payments Corporation of India

NPCI introduces UPI AutoPay facility for recurring payment

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Wednesday, July 22, 2020

Banking in India, Financial services, Finance, Money, Interbank networks, National Payments Corporation of India, Mobile payments in India, Rajnish Kumar, Payment and settlement systems in India, E-commerce in India

MUMBAI, India, July 22, 2020 /PRNewswire/ -- Mumbai National Payment Corporation of India (NPCI) said that it has launched the functionality of UPI AutoPay for recurring payments.

Key Points:

MUMBAI, India, July 22, 2020 /PRNewswire/ -- Mumbai National Payment Corporation of India (NPCI) said that it has launched the functionality of UPI AutoPay for recurring payments.
Rajnish Kumar, Chairman, SBIsaid,"We are glad to witness the launch of UPI AutoPay facility at this momentous event.
Dilip Asbe, MD & CEO, NPCI said, "The launch of UPI AutoPay is a step ahead in India's journey towards digitization.
The UPI AutoPay offering would provide millions of UPI user's convenience and safety while making recurring payments.

FCC & NPCI to Host World's Largest Virtual Global Fintech Fest

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Thursday, July 16, 2020

Economy, Money, Finance, Financial services, BFSI, National Payments Corporation of India, Financial technology, Mobile payments in India

MUMBAI, India, July 16, 2020 /PRNewswire/ --To bring together global fintech and BFSI ecosystems, the Fintech Convergence Council (FCC) the flagship committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI), will host the Global Fintech Fest (GFF), a first-of-its-kind international virtual fintech event.

Key Points:

MUMBAI, India, July 16, 2020 /PRNewswire/ --To bring together global fintech and BFSI ecosystems, the Fintech Convergence Council (FCC) the flagship committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI), will host the Global Fintech Fest (GFF), a first-of-its-kind international virtual fintech event.
The two day event themed 'Fintech: With and Beyond COVID' is scheduled for 22-23 July 2020.
Naveen Surya, Chairman, FCCsaid, "The bank and fintech ecosystem has the potential to act as 'agents of change' for the economy in the post-COVID-19 world.
GFF will be the largest virtual congregation for the BFSI and Fintech ecosystem.

FCC & NPCI to Host World's Largest Virtual Global Fintech Fest

Retrieved on:

Thursday, July 16, 2020

Economy, Money, Finance, Financial services, BFSI, National Payments Corporation of India, Financial technology, Mobile payments in India

MUMBAI, India, July 16, 2020 /PRNewswire/ --To bring together global fintech and BFSI ecosystems, the Fintech Convergence Council (FCC) the flagship committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI), will host the Global Fintech Fest (GFF), a first-of-its-kind international virtual fintech event.

Key Points:

MUMBAI, India, July 16, 2020 /PRNewswire/ --To bring together global fintech and BFSI ecosystems, the Fintech Convergence Council (FCC) the flagship committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI), will host the Global Fintech Fest (GFF), a first-of-its-kind international virtual fintech event.
The two day event themed 'Fintech: With and Beyond COVID' is scheduled for 22-23 July 2020.
Naveen Surya, Chairman, FCCsaid, "The bank and fintech ecosystem has the potential to act as 'agents of change' for the economy in the post-COVID-19 world.
GFF will be the largest virtual congregation for the BFSI and Fintech ecosystem.

Western Union Expands Real-Time Global Cross Border Payments to India

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Friday, October 25, 2019

Western Union became the first money transfer operator to offer cross border remittances via Unified Payments Interface (UPI), a real-time payment system developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines.

Key Points:

Western Union became the first money transfer operator to offer cross border remittances via Unified Payments Interface (UPI), a real-time payment system developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines.
It allows Western Union customers globally to send money into bank accounts in India simply by using the receivers UPI ID, instead of providing bank account and routing details.
YES BANK is pleased to collaborate with Western Union on offering remittance services to a larger set of overseas customers.
With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.

ACI Worldwide Strengthens Real-Time Payments Capability with Investment in Mindgate Solutions, India’s Leading Digital Payments Solution Provider

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Monday, June 3, 2019

Technology, Data management, Internet, Software, Professional services, Banking, Banking in India, Financial services, Money, Finance, Interbank networks, Mobile payments in India, National Payments Corporation of India, Payment systems, Mobile payments

As part of this investment, ACI and Mindgate will deliver a joint real-time payments solution that will combine ACIs proven Universal Payments software solutions with Mindgates digital overlay services.

Key Points:

As part of this investment, ACI and Mindgate will deliver a joint real-time payments solution that will combine ACIs proven Universal Payments software solutions with Mindgates digital overlay services.
UPI is a mobile-based, real-time payments platform in India developed and managed by the National Payments Corporation of India (NPCI).
Indeed, India is leading the global real-time and digital payments revolution, and we are seeing other markets implementing similar end-to-end solutions to drive payments modernization.
By 2023, experts predict 60 billion UPI transactions annually, accounting for more than 50 percent of Indias digital payments transactions.

Buckzy Payments Inc. Announces Real-Time Cross Border Payments Capabilities

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Tuesday, April 2, 2019

E-commerce, Economy, Money, Financial services, Payment systems, Banking in India, Interbank networks, Payment and settlement systems in India, National Payments Corporation of India

"Some countries are further ahead than others, but overall, payments' architecture is not evolving fast enough, and we believe Buckzy is the answer to helping the sector catch up globally," said Abdul Naushad, CEO of Buckzy Payments.

Key Points:

"Some countries are further ahead than others, but overall, payments' architecture is not evolving fast enough, and we believe Buckzy is the answer to helping the sector catch up globally," said Abdul Naushad, CEO of Buckzy Payments.
Buckzy enables a "real-time" cross border payments ecosystem for sending and receiving money instantly between bank accounts 24x7, 365 days a year with zero transaction fees.
The network technology platform enables cross border money movement between banks and 3rd party wallets to enable remittance, bill payments and online B2B Commerce payments along with P2P consumer transfers.
This real-time payments ecosystem network and technology platform enables cross-border B2B/B2C/P2P payments, global bill payments and eCommerce payments with comprehensive API's for banks and service providers to build industry specific solutions.