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Thursday, August 29, 2024

NPCI BHIM unveils the Magic of UPI Circle. Are you ready?

UPI Circle Unveiled: The Magic of Delegated Payments Without the Hassle

         NPCI BHIM has official announced the launch of ‘UPI Cirlce’, on its website.

         Read more @ https://www.bhimupi.org.in/upi-circle



         Read about the UPI Circle product overview @ https://www.npci.org.in/what-we-do/upi-circle/product-overview

         Read the FAQs @ https://www.npci.org.in/what-we-do/upi-circle/faqs

         Yes, you have to  wait a bit longer, before you can experience in real life.

         Well, the wait may be up to couple of weeks.

         As per news reports, there was a demonstration of UPI Circle at the ongoing Global Fintech Festival 2024 (GFF24)

         See the marketing video of UPI Circle @ https://www.youtube.com/watch?v=guix7SvVVjA

         Yes, in the interim decide all whom you wish to include in your  UPI Circle

         Yes, in the initial days, there will be maximum transaction limits.

         Yes, this is a very unique feature, could be World’s first.

         No, UPI Lite payment cannot be delegated.

         So, get set ready to experience the Magic of UPI Circle

 

The Magic of UPI Circle Goes Live: Revolutionizing Shared Finances with Ease

 

I am advocating for World Safe ePay Day.

The final goal of all my Blog Posts and social media interactions is to have a Day declared as World Safe ePay Day.

Step into the Magic of UPI Circle: Where Digital Payments Meet Real-Life Convenience

Disclaimer: These are my thoughts only. The only Bliss is promoting the Joy of Safe ePayments. World Safe ePay Day  is a medium to experience the Joy of Safe ePayments.

Copyrights, rest with the original copyright holders only.

 

Wednesday, August 7, 2024

IDFC Bank – Please enable Credit Card acceptance via UPI

Not sure as to where the fault is, but 100 % sure not the NPCI RuPay card issuer bank i.e Kotak Mahindra Bank.

         Today evening went to Pooja Jewellers, Uttharalli, Bangalore 560 061, just 100 metres from IDFC Bank, Uttharalli Branch.

After shopping, the owner enquired Card or UPI. Proudly mentioned UPI and logged into Supr.Money, scanned the QR Code on the IDFC Bank UPI QR Code machine.  

         Received a successful SMS from my card issuer.

         In the Supr.Money APP  the transaction status was still in  processing

         After few seconds to my horror, the payment status got updated to FAILED.

         Hopefully this post will reach the respective IDFC Bank Team and issue will be resolved by this month end.




I am advocating for World Safe ePay Day.

The final goal of all my Blog Posts and social media interactions is to have a Day declared as World Safe ePay Day.

 

 

Safe and Stylish: Unveiling World SafeePay and Blouse Day Delights

 

The need for observing World SafeePay Day and World Blouse Day arises from the absence of dedicated global celebrations for these concepts.

World SafeePay Day aims to celebrate the joy of safe electronic payments in all financial transactions, representing an abstract celebration that highlights the significance of secure and efficient digital financial interactions. As the world increasingly relies on electronic payment systems, having a designated day for SafeePay emphasizes the importance of secure and reliable digital financial transactions.

 

On the other hand, World Blouse Day seeks to celebrate the joys of wearing blouses in a more lively and visually impactful manner. The concept involves a powerful display of togetherness, with millions of people stepping out wearing blouses based on a chosen theme. This display celebration not only promotes a sense of unity but also serves as a unique and creative expression of shared identity through clothing.

 

The introduction of these days aligns with the United Nations' approach to designating specific days to raise awareness, promote action, and celebrate achievements related to various global issues.

While international days often focus on serious matters, World SafeePay Day and World Blouse Day offer a mix of abstract and lively celebrations, catering to the diverse interests and aspects of modern life.

In a world where electronic transactions and cultural expressions are integral parts of daily living, these designated days would contribute to fostering awareness and appreciation for safe ePayments and the joy of wearing blouses.

Read more about Credit Card payment via UPI App

01)Credit Card Spendings Via UPI Platform Touch New High –Check List Of Banks Offering Facility @ https://zeenews.india.com/personal-finance/credit-card-spendings-via-upi-platform-touch-new-high-check-list-of-banks-offering-facility-2775042.html

 

02)                NPCI records nearly ₹10,000 crore credit disbursed through UPI every month @ https://www.livemint.com/news/india/npci-records-nearly-rs-10-000-crore-credit-disbursed-through-upi-every-month-11722957780027.html

 

Know more  about   Super.Money @ https://prashantnepayments.blogspot.com/2024/06/supermoney-kudos-to-real-time.html

Disclaimer: These are my thoughts only. The only Bliss is promoting the Joy of Safe ePayments. World Safe ePay Day  is a medium to experience the Joy of Safe ePayments.

Copyrights, rest with the original copyright holders only.

 

 

Friday, July 19, 2024

The Microsoft Outage Crisis: Why We Need World Safe ePay Day Now More Than Ever

  


Disclaimer 1:

I am advocating for World Safe ePay Day.

The final goal of all my Blog Posts and social media interactions is to have a Day declared as World Safe ePay Day.

For the latest updates please input Microsoft Outage in any internet search engine.



 

** World Safe ePay Day: Ensuring Trust in the Digital Transaction Era**

 

World Safe ePay Day, while still in its conceptual stage, is envisioned as a day dedicated to promoting the security and safety of electronic payments. As digital transactions become increasingly prevalent, the need for robust cybersecurity measures to protect sensitive financial information is more crucial than ever. This day is not just about technology but also about fostering trust and emotional security in the digital world.

 

### The Emotional Core of World Safe ePay Day

 

At its heart, World Safe ePay Day is an emotional observance. It aims to highlight the personal impact of secure electronic transactions and the peace of mind that comes with knowing one’s financial information is protected. This day encourages individuals to reflect on the importance of cybersecurity in their daily lives and the trust they place in digital payment systems.

 

### Learning from the Crowdstrike Incident

 

The recent global outage caused by a Crowdstrike software bug serves as a poignant reminder of the vulnerabilities in our digital infrastructure. Crowdstrike, a renowned US cybersecurity firm, provides anti-cyberattack services integrated into Microsoft’s Windows operating system. A defect in a Crowdstrike content update led to widespread disruptions, causing millions of Windows-based systems to experience critical issues such as the "bootloop" and the "blue screen of death."

 

This incident underscores the following points:

1. **Interconnected Vulnerabilities:** Our reliance on interconnected systems means that a single point of failure can have widespread consequences, affecting numerous sectors from finance to healthcare.

2. **Continuous Vigilance:** Cybersecurity is not a one-time effort but requires ongoing updates and vigilance to protect against emerging threats.

3. **Collective Responsibility:** Ensuring the security of digital transactions is a collective responsibility involving individuals, businesses, and governments.

 

### Goals of World Safe ePay Day

 

1. **Awareness:** Raise awareness about the importance of cybersecurity in electronic payments. This includes educating the public on best practices for protecting their financial information online.

2. **Advocacy:** Advocate for stronger cybersecurity measures and policies to protect digital transactions. This involves urging businesses and governments to invest in advanced security technologies and protocols.

3. **Trust Building:** Foster trust in digital payment systems by highlighting the efforts made to secure electronic transactions. This includes showcasing success stories and innovations in cybersecurity.

4. **Emotional Connection:** Create an emotional connection by emphasizing the personal and societal impacts of secure electronic transactions. This includes sharing stories of individuals and businesses affected by cyberattacks and how improved security measures have helped them.

 

### Practical Steps for Celebrating World Safe ePay Day

 

1. **Educational Campaigns:** Organize workshops and webinars to educate the public on cybersecurity best practices.

2. **Policy Advocacy:** Work with policymakers to push for stronger cybersecurity regulations and support for technological innovations.

3. **Community Engagement:** Encourage businesses to participate by offering promotions or incentives for secure electronic transactions.

4. **Personal Action:** Urge individuals to review and update their security practices, such as using strong passwords, enabling two-factor authentication, and staying informed about the latest cybersecurity threats.

 

### Conclusion

 

World Safe ePay Day is more than just a conceptual observance; it is a movement to ensure the safety and trustworthiness of our digital economy.

By learning from incidents like the Crowdstrike software bug, we can better understand the importance of continuous vigilance and collective responsibility in cybersecurity.

This day aims to create a safer digital world where individuals and businesses can conduct electronic transactions with confidence and peace of mind.

 Read more @

Cyber-Risk Insurer _

https://www.cyberrisk-insurer.com/news/Microsoft-outage-underlines-insurers-fears-of-accumulation-risk/

 

Insurance Insider - https://www.insuranceinsider.com/article/2dim6ml5kft0x5oezva4g/global-insurers/cyber-market-scrambles-to-assess-exposures-amid-global-Microsoft-outage?zephr_sso_ott=ZIzVuH

 

What is Crowdstrike, the company behind unprecedented global IT outage @

https://www.hindustantimes.com/business/what-is-cloudstrike-the-company-behind-unprecedented-global-it-outage-101721396236295.html

 

 

Disclaimer 2: These are my thoughts only. The only Bliss is promoting the Joy of Safe ePayments. World Safe ePay Day  is a medium to experience the Joy of Safe ePayments.

Copyrights, rest with the original copyright holders only.

 

Sunday, June 30, 2024

super.money Kudos to the Real Time Monitoring Team.


         No, this is not a complaint, just an appeal to streamline the cashback experience.

I am just waiting for a better Cashback experience.



super.money team would have noticed the success of the super.money  beta version and also associated feedback on social media.

The initial attraction of super.money app is the up to 5% cash back for merchant transactions.

I was also attracted to the offer and downloaded the super.money App. It looks like I am one of the many folks who attracted by the upto 5% cashback downloaded the super.money App.

So, in the coming days hope for a more better cashback experience. May be the super.money Team is overwhelmed by the response to the super.money App

Did a transaction on Big Basket today and was a bit surprised to see up a message that Cashback is valid only for Merchant Transactions.

So not sure as to where the issue is, issue at Big Basket end or super.money end.

 

As one of my favourite shopping apps is Big Basket, hopefully for the future transactions I will get the cashback due to me.

The only drawback as of now is the UPI Lite Wallet is yet to be activated.

 

To me the super.money App UI is smooth and very user friendly.

Any feedback on super.money cashback?

World Safe ePay Day: Conceptual Stage

 

Looking forward to the potential establishment of World Safe ePay Day, this proposed observance would focus on the significance of secure electronic payments in today's digital economy.

 

As financial transactions increasingly shift from physical to digital platforms, the importance of robust cybersecurity measures becomes paramount.

 

World Safe ePay Day aims to highlight best practices in digital security, promote consumer confidence, and foster global collaboration to safeguard electronic payment systems.

Disclaimer: These are my thoughts only. The beauty of UPI is that  a single bank account can be linked to multiple UPI Apps. Hence, the only happiness is spreading the Joy of Safe ePayments. World Safe ePay Day is one such opportunity. 

Sunday, June 23, 2024

Income Tax Refund in 7 Minutes – The Magic of Safe ePayments


         One of the most anticipated moments in the Income Tax Return process is the wait for the refund of the excess tax paid.

         This waiting period is a bit painful.

         So, it was a surprise to receive my income tax refund in flat Seven Minutes.

         Yes,  one more feather in the cap for the Magic of Safe ePayments.

         Received my Income Tax Refund in flat Seven Minutes. Yes, flat seven minutes, the money travelled from Income Tax Refund Account to my Bank Account.

         The magic was possible with the 24*7*365 Days NEFT Platform.

         Difficult to believe, isn’t it.

         Well, see the below timeline for yourself.

 


                  What is your experience with Income Tax Refund, do comment below.

         One of the ways to get a super-fast income tax refund is to pre-validate your bank account. Once the bank account is pre-validated, the same can be nominated to receive the fund.

         This means multiple bank accounts can be pre-validated, but only 1 out of the pre-validated bank account can be nominated to receive the Income Tax refund.

         Well, already spent the income tax refund on yummy sandwiches!!

 

Summary as below -

 

Q: Why do I need to pre-validate my bank account(s)?

Ans: Only a pre-validated bank account can be nominated to receive Income Tax refund.

Q: What are the prerequisites for a successful pre-validation?

Ans: For successful pre-validation, you must have a valid PAN registered with e-Filing, and an active bank account linked with the PAN.

Q: How much time does it take to pre-validate my bank account once I have submitted my details?

Ans: The pre-validation process is automatic. Once your request is submitted, it is sent to your bank. The validation status is updated in your e-Filing account within 10 - 12 working days. 

National Electronic Funds Transfer

NEFT stands for National Electronic Funds Transfer.

It is an electronic fund transfer system maintained by the Government of India and the RBI.

NEFT allows funds to be transferred from one NEFT-enabled bank account to another.

This is a very popular fund transfer system in our country.

 

Or drop in at this link @ https://www.incometax.gov.in/iec/foportal/help/my-bank-account-faq#

 

 

Disclaimer: These are my personal thoughts only. The only focus is in spreading the Joy of Safe ePayments. Nothing More – Nothing Less. 

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This are not the views of my Employers.
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All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant