PhonePe UPI Circle was launched in India on Tuesday, as a feature that allows a primary user to authorise secondary users to make payments without their own bank account. Developed by the National Payments Corporation of India (NPCI), UPI Circle is designed to expand the usage of the Unified Payments Interface (UPI), while enabling supervised … Read more
Infosys co-founder and Aadhaar creator, Nandan Nilekani, believes that the energy sector in India will witness the next revolution, akin to the Unified Payments Interface (UPI) which has transformed the financial landscape of the country. Mr Nilekani was addressing a crowd of entrepreneurs when he highlighted the widespread implementation of solar panels for homes to … Read more
New Delhi: Digital frauds including in UPI payments have doubled in the last one year, exposing the growing vulnerability of the country’s digital payment ecosystem. Data from the Union Home Ministry shows that in 2023-24, as many as 13.42 lakh incidents of UPI frauds were reported, compared to the 7.25 lakh reported in the previous … Read more