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UPI Transactions Can Now Be Completed In 10 To 15 Seconds: What It Means
Users will now see payments, balance checks, and reversals processed within 10 to 15 seconds, a sharp improvement from the earlier 30-second wait.
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"50% Of World's Digital Transactions Take Place In India Through UPI": PM Modi In Cyprus
The digital transformation has been a game-changer for the country, promoting financial inclusion and innovation, PM Modi said.
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UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
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Direct Benefit Transfer Rises 90 Times In A Decade: Finance Minister
There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.
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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
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Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
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Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
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No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
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UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
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UPI Payments Hit A Snag: Third Outage In A Month Leaves Users In A Bind
UPI Payments Down Today: UPI experienced a major disruption, affecting digital transactions nationwide. Users reported issues with Google Pay, Paytm, and other platforms, marking the third outage in recent days.
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UPI Will Stop Working On These Mobile Numbers From April 1. Here's Why
UPI services will no longer work on mobile numbers that are inactive or reassigned starting April 1. The National Payments Corporation of India (NPCI) has directed banks and payment service providers (PSPs) to delink such numbers to prevent fraud and
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UPI Transactions In India Hit New Record, Nearly 17 Billion This January
UPI transactions in January surpassed nearly 1,700 crore, and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in a month.
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WhatsApp Reportedly Developing UPI Lite Functionality for Quick Low-Value Transactions
WhatsApp may be developing a UPI Lite functionality for users, according to a report. It is speculated to simplify the payment process by enabling them to carry out transactions without entering the PIN. Similar to other platforms, WhatsApp’s in-development feature was spotted following an APK teardown of a beta version of the app and it may work...
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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
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NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
-
UPI Transactions Can Now Be Completed In 10 To 15 Seconds: What It Means
Users will now see payments, balance checks, and reversals processed within 10 to 15 seconds, a sharp improvement from the earlier 30-second wait.
-
"50% Of World's Digital Transactions Take Place In India Through UPI": PM Modi In Cyprus
The digital transformation has been a game-changer for the country, promoting financial inclusion and innovation, PM Modi said.
-
UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
-
Direct Benefit Transfer Rises 90 Times In A Decade: Finance Minister
There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.
-
No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
-
Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
-
Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
-
No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
-
UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
-
UPI Payments Hit A Snag: Third Outage In A Month Leaves Users In A Bind
UPI Payments Down Today: UPI experienced a major disruption, affecting digital transactions nationwide. Users reported issues with Google Pay, Paytm, and other platforms, marking the third outage in recent days.
-
UPI Will Stop Working On These Mobile Numbers From April 1. Here's Why
UPI services will no longer work on mobile numbers that are inactive or reassigned starting April 1. The National Payments Corporation of India (NPCI) has directed banks and payment service providers (PSPs) to delink such numbers to prevent fraud and
-
UPI Transactions In India Hit New Record, Nearly 17 Billion This January
UPI transactions in January surpassed nearly 1,700 crore, and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in a month.
-
WhatsApp Reportedly Developing UPI Lite Functionality for Quick Low-Value Transactions
WhatsApp may be developing a UPI Lite functionality for users, according to a report. It is speculated to simplify the payment process by enabling them to carry out transactions without entering the PIN. Similar to other platforms, WhatsApp’s in-development feature was spotted following an APK teardown of a beta version of the app and it may work...
-
Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
-
NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
