Fee Of Up To 1.1% On Merchant Transactions Above INR 2000: NPCI
As per the circular issued on March 24, the changes will come into effect from April 1, 2023
By Teena Jose
Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor
Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months
Travellers From G20 Countries Can Pay Via UPI, Says RBI
The RBI release also reportedly clarified that the facility is available to travellers from G-20 countries, at selected international airports such as Bengaluru, Mumbai and New Delhi
UPI-PayNow Linkage Launched; Will Make Cross-Border Remittance Easy Between India and Singapore
The UPI-PayNow linkage is said to be the world's first such linkage to feature cloud-based infrastructure and have participation from non-banking financial institutions
Minister Ashwini Vaishnaw Launches 'Digital Payments Utsav'
The minister also mentioned that the Prime Minister's Vision of the digital revolution is having a transformative impact on the hard-to-reach people in the country
MobiKwik All Set To Support Credit Card On UPI
MobiKwik by supporting RuPay Credit Card on UPI will be expanding its credit penetration in its target tier 2, 3 & 4 Indian cities
Cabinet Approves INR 2600 Crore Scheme To Promote RuPay Debit Cards And Low-Value BHIM-UPI
Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year
Cabinet Approves INR 2600 Crore Scheme To Promote RuPay Debit Cards And Low-Value BHIM-UPI
Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year
Several Countries Express Intent To Adopt UPI, Says NPCI MD
Dilip Asbe said UPI can reach the milestone of a 'billion transactions a day' in the next two-three years from a peak of around 280 million transactions at present
RBI Introduces Single-Block-And-Multiple-Debit Functionality In UPI
Also, RBI has plans to expand the scope of Bharat Bill Payment System (BBPS) to include all categories of payments and collections, both recurring and non-recurring in nature
A Bumpy Start For RBI's e-Rupee
With its wholesale and retail pilots being live, will the central bank be able to create a loyal user base?
Indians Can Soon Pay Through UPI In Europe
The partnership between NIPL and Worldline aims at expanding acceptance of Indian payment means across Europe
T Rabi Sankar On RBI's Key Focus Areas For Financial Inclusion
Deputy governor of RBI said that RBI mainly focuses to scale the digital infrastructure while preserving the technical stability
NPCI Directs Payment Apps Not To Charge Platform Fee On BBPS
The reports said that government is likely to treat the unified payments interface (UPI) as public good in which customers do not required paying
Government Is Not Considering Any Charges For UPI, Says Finance Ministry
The ministry also said that the concerns of the service providers for cost recovery have to be met through other means
UPI Transactions Record 6 Billion Mark In July
PM Modi said this accomplishment indicates the collective resolve of the people of India to embrace new technologies and make the economy cleaner