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NPCI bulks up for one billion transactions per day

ETtech Exclusive: NPCI bulks up for one billion transactions per day SECTIONS Share Synopsis Hit by several snags of late, NPCI aims to finish IT upgrades of all four transaction channels UPI, IMPS, AePS and NACH amid a surge in digital payments. ETtech (Illustration: Rahul Awasthi/ETtech) Mumbai: Anticipating online transactions to soon hit a billion a day, and having had to cope with processing snags recently, the National Payments Corporation of India (NPCI) is overhauling IT systems of all its key payment channels. The Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Aadhar Enabled Payment System (AePS) and National Automated Clearing House (NACH) have been identified for upgrades and overhauls, people close to the development told The Economic Times. They requested anonymity as these discussions are confidential.

Arif khanExchange board of india sebiImmediate payment serviceNational automated clearing houseNational payments corporation of indiaNational payments corporationUnified payments interfaceAaadhar enabled payment systemExchange boardGoogle payDigital indiaDigital paymentsUpi transactionsஆரிப் காந்பரிமாற்றம் பலகை ஆஃப் இந்தியா செபிஉடனடியாக கட்டணம் சேவை

NPCI Upgrading Payments Platforms Due To Higher Volumes: Report

https://www.flickr.com/photos/110751683@N02/13334080323/in/photolist-mjhDwB-dV9B2q-64qJMN-jgx2o-8pMJsz-xfViBg-dRuMzt-5MRyHK-8iDtbN-rLBXnZ-dSdtGx-s45gBT-5fYuNc-3T59Nf-tUrUhd-tWUNt8-tWqSGq-tEbCUL-sZLbNj-wihfSf-tqw8f-wiheTb-sXzBX-wXQ2QB-wikacS-xfV8j2-pmsAN4-fBvhjC-xd1oxb-wXGj7j-wiiT5U-io1t3T-pVRDno-MSB83-7mQgg4-9hkLqH-xfmNPz-6PC5H1-64sAr9-oJVhV1-JCdCN-8pMHUT-8pMJiv-gngGKL-gzgB-5ydiLT-5nEvBb-64okSt-yRKL3-9ERwMN The National Payments Corporation of India (NPCI) is in the process of upgrading its IT system and several of its payments platforms by the end of March this year, in anticipation of a surge in transaction volumes going forward, the Economic Times reported. In the last few months, leading banks like HDFC Bank and State Bank of India faced system outages towards the end of last year, payments companies sitting on top of NPCI’s infrastructure also faced outages due to the high volume of digital payment transactions.

Immediate payment serviceNational automated clearing houseNational payments corporation of indiaNational payments corporationEconomic timesState bankUnified payments interfaceAaadhar enabled payment systemReserve bankஉடனடியாக கட்டணம் சேவைதேசிய தானியங்கி அழித்தல் வீடுதேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியாதேசிய கொடுப்பனவுகள் நிறுவனம்பொருளாதார முறைநிலை வங்கிஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம்

ETtech Morning Dispatch on Feb 18, 2021: India s digital payments overhaul

ETtech Morning Dispatch on Feb 18, 2021: India s digital payments overhaul
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India-Japan MoU: 5G Tech agreements to enhance Information and Communication sector

Union Minister Ravi Shankar Prasad and Japanese Minister Takeda Ryota signed an MoU in the field of Information and Communications via video conferencing.

New delhiTakeda ryotaRavi shankar prasadAarogya setuUnion ministerCommunications takeda ryotaInternal affairsCommunication technologiesNicobar islandsAaadhar enabled payment systemShankar prasadMinister takeda ryotaபுதியது டெல்ஹிரவி ஷங்கர் பிரசாத்ஆரோக்கிய செத்துதொழிற்சங்கம் அமைச்சர்

Aadhar payment systems gathers steam, trumps ATM withdrawals

Aadhar payment systems gathers steam, trumps ATM withdrawals SECTIONS Share Synopsis With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points. Agencies MUMBAI: The Covid-19 pandemic has led to a surge in the adoption of cash withdrawals through Aadhar-enabled Payment Systems (AePS) that have doubled since last year, replacing the age-old dependence on teller machines where transactions halved in the same period. With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points.

Anand bajajYogendra kashyapFino payments bankAaadhar enabled payment systemReserve bankRishi guptaFino paymentsIndia postPayments bankஆனந்த் பஜாஜ்யோகேந்திரா காஷ்யப்பினோ கொடுப்பனவுகள் வங்கிஆதார் இயக்கப்பட்டது கட்டணம் அமைப்புஇருப்பு வங்கிரிஷி குப்தாபினோ கொடுப்பனவுகள்