The Latest Breaking News from National Payments Corporation of India

7 UPI Payment Scams That Can Empty Your Bank Account

A customer shows you a screenshot claiming a payment is complete. A stranger asks you to scan a QR code to receive a refund. Another person sends a UPI collect request and urges you to approve it quickly. These situations may look ordinary, but one wrong move could put your…

MyLifeXP · Oct 14

UPI MDR framework needs rationalisation to protect public trust: Report

UPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long-term economic benefits outweighing the incremental income that could accrue from merchant transaction fees, the report titled 'UPI at a Crossroads: Reintroducing the MDR' released by IIT Bombay said.

The Economic Times · Oct 11

UPI MDR framework needs rationalisation to protect public trust: IIT Bombay report

The report cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressing the need to ensure that the digital payments platform does not attract negative sentiment among users.

The Economic Times · Oct 11