Sunday, 23 January, 2022
TopicNPCI

Topic: NPCI

Nexus, the www of payments that could end the era of costly global money transfers

Nexus won’t be another app but a blueprint for instant cross-border payments that could put international wire transfers in the museum where they belong.

PM Modi to launch ‘e-RUPI’, a cashless & contactless solution for leak-proof welfare delivery

e-RUPI digital solution will be delivered to beneficiaries in the form of a QR code and SMS-string-based voucher.

This is how you can make payments on WhatsApp with its new UPI-based service

The National Payments Corporation of India has now given its nod to the Facebook-owned messaging platform to ‘Go Live on UPI’.

Payments processor NPCI had over 40 security risks, user data vulnerable, says 2019 govt audit

The findings of the audit conducted last year were reported by Reuters. Among other issues pointed out, user data was not encrypted.

UPI’s rapid growth proves India can build world-class payments infrastructure from scratch

Three years ago, even banks did not give Modi govt's Unified Payments Interface much odds of success. Now, UPI is one of the fastest-growing payment platforms in the world.

The chicken-and-egg problem of NPCI shows what’s needed to improve its performance

NPCI is both the operator and infrastructure provider of IMPS and UPI, and does not have the structure to generate the right incentives.

On Camera

YourTurn

File photo of students protesting against the reservation in Bandra | Representational image | ANI Photo

Indian drawing room talk on ‘merit’ stands demolished by Supreme Court NEET ruling

Supreme Court's explanation on the constitutional validity of OBC quota in NEET rejects commonly held views of dominant castes who are blind to India's social realities.
A visual representation of the digital Cryptocurrency, Bitcoin alongside US dollars | Photo: Dan Kitwood | Getty Images via Bloomberg

Joe Biden administration set to put itself at centre of US cryptocurrency policy

An executive order is being drafted which will soon set in place a govt strategy empowering US federal agencies to assess risks and opportunities posed by the digital assets.

Defence

German Navy chief Vice Admiral Kay-Achim Schonbach | Twitter: @chiefdeunavy

China ‘not that nice country’, giving money to dictators & killers: German Navy chief in India

Vice Admiral Kay-Achim Schonbach later issued a clarification, saying comments were his 'personal view' and not German defence ministry's, and expressing them was a 'mistake'.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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