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A panel is laying the groundwork for banks to lend without fear

The panel will function as the first level of examination for all alleged cases of fraud involving Rs 50 cr or more.

Unified payments interface

Jan 17, 2020, 06.42 PM IST

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UNIFIED PAYMENTS INTERFACE

NPCI slashes MDR for debit cards

As per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction. Presently, this is capped at 0.90% for transaction above Rs. 2,000 with higher cap of Rs 1,000 per transaction.

Morgan Stanley values PhonePe at $7 billion

This is the first time Phone-Pe’s valuation is being put out formally amid talks of its fundraise...

Payment platforms vie for merchant UPI transfers

PhonePe claimed it had recorded 90 million merchant transactions through the app in August a...

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