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Want to make digital payment without UPI? Here’s how to do it using your Aadhaar card number - Now users have the option of sending money using their Aadhaar card numbers by following the simple steps mentioned below.
BHIM is a UPI-based payment system that permits real-time fund transfers using a single identification such as your phone number or name.
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The proliferation of digital payment modes has made life really easy. The ability to use payment apps to send money, pay all your bills, recharge, shop online and also make instant payments at your local kirana store has alost done away with dependence on cash
Synopsis Being the sole umbrella organization for retail payments in India, NPCI is in a dominant position. Given the current regulatory framework, UPI would be considered to be an essential facility which cannot be recreated by NPCI’s competitors. The need of the hour is a consultative solution-based approach to address the many uncertainties in respect of NPCI’s new thrust for digital payment apps. The National Payments Corporation of India (NPCI) released the “Guidelines on volume cap for Third Party App Providers (TPAP)” (Circular). As per the Circular, effective January 1, 2021, ...