The Unified Payments Interface (UPI), which is India’s national payment network, is now merging with the PayNow quick payment system in Singapore in order to broaden the scope of its services be...
Tag: UPI
Indian Crypto Advocacy Body Press for Restoration of Instant Retail Payments Service – UPI (Report) Indian Crypto Advocacy Body Press for Restoration of Instant Retail Payments Service –
The Blockchain and Crypto Assets Council (BACC) has asked the National Payments Corporation of India (NPCI) to restore the UPI service to Indian crypto exchanges. In a letter, it requested a meeting w...
Why Crypto’s Rough Year In India Just Got Worse
New Delhi, India- October 16, 2018: Bitcoin India getty India’s latest decisions governing cryptocurrency portend turbulent times ahead for the country’s nascent but booming digital currency industry....
Indian banks seek NPCI’s guidance on using UPI for crypto transactions
Indian banks have approached the National Payments Corporation of India (NPCI), the body in charge of the country’s digital payment and settlement system, to get clear instructions on using the Unifie...
Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions
Banks in India have reached out to the National Payments Corporation of India (NPCI) – a government agency under India’s Central Bank Reserve Bank of India in charge of operating retail payments and s...
Indian Banks Questions With Formal NCPI Note Regarding Crypto UPI Ban
In the light of recent events concerning the curb on the Unified Payments Interface on cryptocurrencies, leading banks have now asked for a formal directive from the National Payments Corporation of I...
Indian Banks Request NPCI Clarification on Crypto UPI Payments
The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the...
Indian Banks Seek Regulatory Clarity Over UPI Support For Crypto Trading
Indian Banks have asked the National Payments Corporation of India (NPCI) to clarify its stance on the use of UPI and IMPS for crypto trading. At a recent meeting, banks raised concerns over a lack of...
Crypto Exchanges in India Explore P2P Payments to Bypass UPI
Following the NPCI statement regarding Unified Payments Interface (UPI), some Indian crypto exchanges have reverted to peer-to-peer (P2P) transactions. Take Advantage of the Biggest Financial Event in...
Indian traders frustrated over UPI deposit suspension 1
TL; DR Breakdown Indian traders show concerns over UPI deposit suspension Users can only withdraw funds Traders want a timeframe to solve the issue Indian traders are presently in panic mode going by ...
CoinSwitch and WazirX Disable Rupee Deposits via UPI
CoinSwitch Kuber and WazirX disabled cryptocurrency deposits via Rupee (INR) on its app using Unified Payments Interface (UPI). Besides UPI, bank transfers through NEFT/RTGS/IMPS were also disabled. C...
UPI Was Central to Coinbase India Launch; Now the Crypto Exchange Says It’s ‘Unavailable’
On Thursday, hours after Coinbase’s trading launch in India, NPCI tweeted it is “not aware of any crypto exchange” using UPI. At the time, Coinbase responded with a statement that sa...
Coinbase Halts UPI Deposits in India following the NPCI statement
Coinbase halts payments via Unified Payments Interface (UPI) on Sunday in less than 4 days after the its launch. Clients of the crypto exchange in India are unable to purchase cryptocurrencies via UPI...
Coinbase stops UPI payments in India only 3 days after its launch
TL;DR Breakdown Coinbase has halted UPI payment option in India. The decision was taken based on the warning and statement from the NPCI. Currently only the IMPS payment option is available on the a...
Coinbase disables UPI payments just days after India launch
Crypto exchange Coinbase disabled its support for the Unified Payments Interface (UPI) in India on Sunday, just days after marking its entry into the Indian market with an event on April 7, the Econom...
National Payments Corporation is unaware of Crypto exchanges using UPI
Recently several reports stated about purchasing digital assets on crypto exchange platforms and the possibilities of using UPI. On Thursday, the National Payments Corporation of India made it clear t...
Crypto Exchange Coinbase Launches in India — Quickly Runs Into Trouble With UPI Payment System – Exchanges Bitcoin News
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corp...