UNIFIED PAYMENTS INTERFACE
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.
No incentives left for banks to push digital pay, fears fintech
While the finer details are still being evaluated, payments firms are looking...
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 ...
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.
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.
Shell out MDR charges on Paytm transactions from today
The new levies will be applicable for paying bills or school fees and buying tickets.
Second phase of UPI mechanism for retail investors from July 1: Sebi
UPI is an instant payment system developed by the National Payments Corporation of India.
UPI just became easier for small companies
NPCI has said that these small merchants will have a ₹50,000 per month limit and the acquirer is not allowed to charge anything to the merchant onboarded under this category.
Waiving Rs 80 crore GST can boost financial inclusion
The government is the most active stakeholder in the transformation.
Digital payments zoom past FY19 target driven by private lenders
Online transactions rise to 31.34 billion compared to 20.7 billion in FY18; Yes Bank, IndusInd, ICICI Bank lead the charge.
MobiKwik fund transfer business grows 400%
According to NPCI data, MobiKwik commands over 26% market share and has clocked Rs 362 crore in terms of value of total funds transferred from its wallet to bank.
Fingerprint messages to ensure traceability: Government to WhatsApp
The govt has asked WhatsApp to digitally fingerprint every message sent without breaking the encryption.
Google Pay edges ahead in UPI sweepstakes
The tech giant’s payment offering recorded more than 240 million transactions in May 2019. PhonePe clocked around 230 million, followed by Paytm at 200 million.
Pushing digital payments: Cash, but no cash
Digital payments have expanded 10 times since the BJP-led government assumed charge in 2014.
UPI transactions fall 6% in May
However, amount transferred registered a record high of Rs 1.5 lakh crore last month
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