KNOW ALL ABOUT : UPI
Unified Payments Interface (UPI) allows easier real-time transfer of money between bank accounts using smartphones. UPI will completely do away with any addition of a beneficiary along with the account number and IFS Code, as the technology requires just a virtual handle for instant peer-to-peer payments. Read ET stories to know more about the process.
What are the charges you need to pay for Aadhaar card update?
As per the circular, the new charges for updation of demographic details such as name, address and a biometric update w...
UPI transactions top 900 million in August
July saw 822 million transactions; use may touch 1 billion in the upcoming festival months.
UPI entities may face cap on market share
The RBI had spoken about a similar risk on payments ecosystem while circulating a discussion paper on setting up other retail payment systems like UPI.
MDR boost for merchants using UPI
This move is expected to encourage small grocery stores, chemists and kirana stores across the country to set up basic acceptance infrastructure such as QR code to receive payments made through UPI.
All you need to know about using UPI ID to apply for IPOs
Sebi has now allowed investors to use their UPI (Unified Payment Interface) ID as a payment option for IPO issues. Here's the process.
India’s payment apps battle to catch China in squeezing out cash
That means Indians will continue to face a bewildering array of payments apps.
Payment companies seek better MDR deal
Volume of transactions on mobile wallets down to 334 million in June against 393 million in December, according to latest RBI data.
Aadhaar-enabled transactions cross 200-million milestone on NPCI platform during July
A total of 6.65 crore Indian citizens availed banking services through AePS platform in July, NPCI said.
Credit card usage rides on digital push, grows 27%
Users spent around Rs 6 lakh crore using credit cards in 2018-19, up 30% from a year ago.
Digital payment companies seek compensation from govt for losses due to zero merchant fee
In letters to finmin, MeitY and RBI, industry body has sought compensation for any losses that could arise.
It’s a ‘request’ on your UPI. Only, you’ll lose money
The rising popularity of UPI apps, coupled with users’ unfamiliarity with a certain feature in them, could be responsible for many falling victim to the fraud, say experts.
1.75 lakh entities withdrew over Rs 1 crore each from bank accounts in 1 year
Through the proposed 2% TDS, govt hopes to improve tracking of entities that withdraw large amounts of cash.
Budget 2019: Companies to now have compulsory digital payment options
Govt's objective of creating a less cash digital economy got a serious push in the union budget.
Not charging extra for digital transactions: Paytm
"Paytm customers will continue using all the services available on the platform without any fee," Paytm said in a statement.
Post- Pulwama, over 12-fold rise in donations for martyrs
Funds were also donated directly to the next-of-kin of martyred personnel, with Rs 14.20 crore contributed until June 18 this year as compared to Rs 6.58 crore in whole of 2018 and Rs 11 crore in 2017.
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