UPI transactions using IDs with special characters will be declined. Update your app to comply with the new NPCI rule.

The Reserve Bank of India (RBI) has issued guidelines permitting cooperative banks to act as merchant acquirers on the ...

In an effort to standardise the process of generating Unified Payments Interface (UPI) transaction IDs, the National Payments ...

Highlighting India's growing prominence in fintech and digital technology, President Droupadi Murmu has said that the country ...

Unified Payments Interface (UPI) apps will no longer process transactions with special characters in their transaction IDs.

The NPCI this month stated that while most participants in the UPI ecosystem have already complied with the technical standards, a few continue to use non-compliant formats. To address this, the ...

NPCI will disallow special characters in UPI transaction IDs to standardise processes. This comes as UPI transactions hit record levels.

The ministry of statistics and programme implementation is exploring new data sources for estimating the informal sector ...

Digital payment mechanisms offer significant potential to empower rural and semi-urban borrowers. However, their success depends on addressing underlying infrastructural and educational challenges.

Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, ...

According to NPCI's latest circular, UPI IDs containing special characters such as #, @, or $ will be blacklisted. From February 1, UPI IDs will only be allowed to include numbers (0-9) and letters (A ...

President Murmu's address outlines key initiatives in healthcare, housing, digital payments, and global ambitions.