No charges on using RuPay credit card for UPI transactions less than ₹2,000
2 years, 2 months ago

No charges on using RuPay credit card for UPI transactions less than ₹2,000

Hindustan Times  

The National Payments Corporation of India in a circular has said unified payments interface transactions up to ₹2,000 for RuPay credit card user won't be charged. Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments. Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments, PTI reported. According to the circular, the UPI apps will ensure complete transparency on the transactions made by a customer using a credit card by means of easily accessible transaction history and clearly visible user interface.

Credit Payments Credit Card Card Pti Customer Transaction Upi Npci  payments  upi  circular  credit  rupay  using  2000  card  merchant  rate  charges  npci  customer  transactions  transaction

History of this topic

From new limits to new features: All changes made in UPI in 2024
6 days ago

From new limits to new features: All changes made in UPI in 2024

India TV News  

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
1 week, 2 days ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here
4 weeks ago

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here

Live Mint  

In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. The National Payments Corporation of India has come up with a RuPay exclusive lounge access policy for RuPay credit card holders. NPCI’s exclusive lounge access policy: Spend-based access The RuPay Exclusive Lounge access will …

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here
4 weeks ago

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here

Live Mint  

Credit cards: RuPay has set up an exclusive lounge for its credit cardholders at the Delhi airport. The National Payments Corporation of India has come up with a RuPay exclusive lounge access policy for RuPay credit card holders. NPCI’s exclusive lounge access policy: Spend-based access The RuPay Exclusive Lounge access will be only for RuPay The RuPay Exclusive Lounge access …

What are UPI credit cards? How are they changing the way we make payments? An explainer
1 month ago

What are UPI credit cards? How are they changing the way we make payments? An explainer

Live Mint  

If you are quite accustomed to making all your sundry payments via Unified Payments Interface app and are unsure of changing this habit of yours to embrace credit card in the foreseeable future, then you may explore the idea of using UPI credit cards. However, with linking of credit cards to UPI, card users can literally have got the best …

UPI 123 Pay: Key changes to come into effect before January 1
1 month ago

UPI 123 Pay: Key changes to come into effect before January 1

Live Mint  

The Reserve Bank of India had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. Those who are unaware, UPI 123PAY enables digital payments on feature phones to access UPI services without internet connection. The members will collectively identify and tag UPI 123Pay transactions as per the rules given below: A.) C.) Initiation channel On …

This NBFC Starts EMI Facility On UPI Payment; Check How It Works
3 months ago

This NBFC Starts EMI Facility On UPI Payment; Check How It Works

News 18  

BOBCARD LIMITED, a wholly owned subsidiary of Bank of Baroda, has announced the introduction of its EMI service on UPI Payments in partnership with RuPay. The new feature allows RuPay BOBCARD holders to seamlessly convert their purchases into EMIs by scanning a QR code through the UPI app, providing a more convenient and hassle-free payment experience, the company said. Customers …

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details
3 months, 1 week ago

Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details

Live Mint  

NPCI revised the limit to ₹ 5 lakh for payments of tax, hospitals & educational services and payment for IPO and G-Secs If you rely on the Unified Payments Interface for most of your payments, then there is good news for you. {{^adFree}} {{/adFree}} So, now consumers will be able to make UPI payments of ₹5 lakh per transaction for …

Google Pay adding UPI Circle to help add secondary user in payment app
3 months, 3 weeks ago

Google Pay adding UPI Circle to help add secondary user in payment app

The Hindu  

Google Pay, during the Global Fintech Fest 2024, shared that it is adding UPI Circle feature in the Pay app to enable your family or close and trusted friends to make UPI payments without adding their own bank accounts. As an existing UPI user on Google Pay, you can add your family members or friends as secondary users to your …

All You Need to Know About RuPay Credit Card and How It Works
6 months ago

All You Need to Know About RuPay Credit Card and How It Works

The Hindu  

Have you ever wondered how India facilitates its own secure digital payments system? The credit card can be used to Withdraw cash from ATMs in India Shop at stores using point-of-sale terminals Make online purchases Pay for purchases in Equated Monthly Instalments Conduct international transactions, provided Discover Financial Service is enabled In fact, you can now link your RuPay credit …

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging
7 months, 4 weeks ago

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

Hindustan Times  

There is little doubt that Indians are spending more than ever before. You cannot use your credit card or debit card for subscriptions and recurring payments on the Apple App Store or the Google Play Store, be it for any app or service. Then there was a pursuit of getting RuPay credit cards aboard the UPI or unified payments interface. …

RBI issues draft guidelines on payment aggregators | Check details
8 months, 1 week ago

RBI issues draft guidelines on payment aggregators | Check details

India TV News  

Aiming to boost the payment ecosystem, The Reserve Bank of India on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. "Given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations …

UPI Services Will Begin in Sri Lanka and Mauritius
10 months, 1 week ago

UPI Services Will Begin in Sri Lanka and Mauritius

Deccan Chronicle  

Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth, will witness the launch of the Unified Payment Interface services in Sri Lanka and Mauritius and also the RuPay card services in Mauritius on Monday afternoon via video conferencing, New Delhi announced on Sunday. The launch of the service in India's southern …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 1 week ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

5 new ways to use UPI payments as 2024 begins with these rule changes
11 months, 3 weeks ago

5 new ways to use UPI payments as 2024 begins with these rule changes

Hindustan Times  

As we enter the new year, it's essential to take note of the UPI rules that have been changed. National Payments Corporation of India have instructed payment apps to deactivate inactive UPI IDs after one year. Users of platforms like Google Pay and PhonePe must verify and ensure their UPI IDs remain active, also reviewing associated phone numbers for inactivity. …

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access
1 year ago

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

The Quint  

The committee on Deepening Digital Payments constituted by the RBI in 2019 under the chairmanship of Nandan Nilekani had recommended that market forces should drive transaction prices for the inclusion of small startups and incentivising innovation. It underlined that while banks have a role in contributing to the payment system, the government and the RBI should also share the cost …

RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year ago

RBI raises UPI transaction limits, e-mandate bar; check all announcements

Hindustan Times  

Reserve Bank of India Governor Shaktikanata Das on Friday announced several decisions on the Unified Payments Interface, including raising the Unified Payments Interface payment limit to hospitals and educational institutions to ₹5 lakh from ₹1 lakh. The UPI, India's mobile-based fast payment system, enables users to make instantaneous, round-the-clock payments via Virtual Payment Address UPI limits increased: While unveiling the …

SBI Card joins Bharat BillPay in the credit card category; details here
1 year ago

SBI Card joins Bharat BillPay in the credit card category; details here

Live Mint  

NPCI Bharat BillPay, a wholly-owned subsidiary of the National Payments Corporation of India, has successfully integrated SBI Card, one of India’s leading credit card issuers, into the credit card category of Bharat BillPay. Noteworthy credit card issuers already present in this category include Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank. Through …

How to link RuPay credit card to UPI? A step-by-step guide
1 year ago

How to link RuPay credit card to UPI? A step-by-step guide

Live Mint  

ICICI Bank has recently announced the integration of its RuPay credit cards with UPI transactions in order to improve the convenience of payments for its customers. This integration allows ICICI Bank customers to effortlessly link their RuPay credit cards to UPI and make Person-to-Merchant transactions both online and offline with ease and security. To enable UPI transactions on RuPay credit …

10 reasons why you should link your Rupay credit card with UPI
1 year, 2 months ago

10 reasons why you should link your Rupay credit card with UPI

Live Mint  

UPI payments have grown by leaps and bounds in the last few years. Convenience and simplicity: Linking UPI with credit cards simplifies the payment process by allowing users to make transactions using a single platform. By integrating UPI with credit cards, users can leverage this speed to make instant payments using their credit card funds. Linking UPI with credit cards …

NPCI unveils a suite of digital-payment products
1 year, 3 months ago

NPCI unveils a suite of digital-payment products

The Hindu  

National Payments Corporation of India, the developer of UPI, has unveiled several new products — Credit Line on UPI, UPI LITE X and Tap & Pay, Hello! UPI - Conversational Payments on UPI, BillPay Connect - Conversational Bill Payments — with an aim to create an inclusive, resilient, and sustainable digital payments ecosystem. While Credit Line on UPI would enable …

India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 3 months ago

India in talks with countries in LatAm, Africa for UPI, RuPay

Live Mint  

New Delhi: India is in talks with several South American and African nations for introducing Unified Payment Interface and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said. “The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms,” the official …

Google Pay, PhonePe, Paytm users alert! Yes Bank has this good news for you
1 year, 4 months ago

Google Pay, PhonePe, Paytm users alert! Yes Bank has this good news for you

Live Mint  

YES BANK has launched UPI payments through RuPay Credit Cards. With this, customers can now link their YES BANK RuPay Credit Card with UPI-enabled apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, PayZapp, among others, making credit card-based transactions easier with enhanced security. “We are delighted to onboard YES BANK RuPay Credit Card customers to experience this cutting-edge …

Explained | RBI’s proposal for interoperability of credit and debit cards
1 year, 4 months ago

Explained | RBI’s proposal for interoperability of credit and debit cards

The Hindu  

The story so far: On July 5, apex banking regulator Reserve Bank of India floated a draft circular seeking comments from stakeholders about mandating that card issuers provide their customers with the choice of multiple card networks. The regulator has also proposed that cards be issued across more than one network, with issuers not enteringinto any arrangement or agreement with …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

The Maths behind the rise in credit card transactions in India
1 year, 6 months ago

The Maths behind the rise in credit card transactions in India

Live Mint  

Rise in credit card transactions in India: After the Unified Payments Interface, now credit card transactions have surpassed debit card usage in India. When compared to debit cards, credit card transactions had a total value of ₹1.33 lakh crore as opposed to ₹53,000 crore. Historically dominated by debit card transactions, the shift towards credit cards is driven by several factors, …

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor
1 year, 6 months ago

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor

Hindustan Times  

Banks will now be able to issue RuPay Prepaid Forex cards, Reserve Bank of India Governor Shaktikanta Das announced on Monday while reading out the monetary policy statement after a three-day deliberation. Meanwhile, RBI's monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. Barring the April pause, the RBI raised the repo rate by …

Google Pay announces support for RuPay credit cards
1 year, 7 months ago

Google Pay announces support for RuPay credit cards

The Hindu  

Google Pay with NPCI on Tuesday announced support for RuPay credit cards on UPI payments. The RuPay credit card users have to register their cards on Google Pay in order to avail the online and offline UPI transactions, where it is accepted. This feature is available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC …

RuPay goes live on CVV-less payments for tokenised cards
1 year, 7 months ago

RuPay goes live on CVV-less payments for tokenised cards

The Hindu  

The National Payments Corporation of India on Monday said RuPay has now introduced the CVV free payment experience for its debit, credit and prepaid cardholders who have tokenised their cards on the merchant application or webpage. This new CVV-less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they …

NPCI's Global Vision: Empowering RuPay To Compete With Visa and Mastercard
1 year, 7 months ago

NPCI's Global Vision: Empowering RuPay To Compete With Visa and Mastercard

News 18  

National Payments Corporation of India is exploring options for further tie-ups to strengthen the global acceptability of RuPay debit cards. It has strengthened its network capabilities by launching RuPay JCB Global Card in association with JCB International Co Ltd in July 2019. The RuPay JCB Global card can be used at RuPay card accepting points in India and JCB card …

RBI approves expanding UPI transactions to allow credit payments
1 year, 8 months ago

RBI approves expanding UPI transactions to allow credit payments

Live Mint  

Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified Payments Interface, the Reserve Bank of India said on Thursday, setting the stage for new credit products over the homegrown payments platform. Last June, the RBI also approved the use of Rupay credit cards on UPI, stoking hopes that it …

How can you make payments using a credit card via UPI: Step-by-step guide
1 year, 8 months ago

How can you make payments using a credit card via UPI: Step-by-step guide

India TV News  

The National Payments Corporation of India has collaborated with payment aggregators such as Google Pay, Paytm, and Razorpay to allow credit card transactions over the Unified Payments Interface. This comes after the Reserve Bank of India linked RuPay credit cards to UPI in an effort to combine the benefits of both, providing customers with the quick payment experience of UPI …

NPCI says no charge on 'normal' UPI payments; but is free service sustainable?
1 year, 8 months ago

NPCI says no charge on 'normal' UPI payments; but is free service sustainable?

Hindustan Times  

The National Payments Corporation of India, which owns and runs the Unified Payments Interface, said on Wednesday that it has implemented fees on UPI transactions on only Prepaid Payment Instrument merchant transactions, and not on regular bank-to-bank UPI transactions. “To pay digitally at merchant locations actually increases the sales value of the merchant.” UPI as 'free service' sustainable Gandhi says …

No charge on normal UPI payments: NPCI
1 year, 8 months ago

No charge on normal UPI payments: NPCI

Deccan Chronicle  

New Delhi: National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. "The interchange charges …

Gpay, Paytm, other users need not worry about new surcharge; Know reason
1 year, 8 months ago

Gpay, Paytm, other users need not worry about new surcharge; Know reason

Hindustan Times  

The regulator of Unified Payments Interface, the National Payments Corporation of India has recently introduced a surcharge in digital payments made through prepaid payment instrument such as mobile wallets. According to NPCI, payments above ₹ 2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%. According to NPCI, payments above ₹2,000 made using UPI …

Paytm answers if customers need to pay fee on UPI payments
1 year, 8 months ago

Paytm answers if customers need to pay fee on UPI payments

Hindustan Times  

Digital payments firm, Paytm, on Wednesday clarified doubts over National Payments Corporation of India’s latest circular notifying that an interchange fee of up to 1.1% will be applicable on merchant UPI transactions from April 1. In a tweet, the financial tech firm urged to not spread misinformation as it said that “no customer will pay any charges on making payments …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 8 months ago

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest

News 18  

“Bhaiya, QR code hai kya?” Honestly, we all can relate to this line. But some ppl be like: pic.twitter.com/hloHJmtzfb — Kadak March 29, 2023 A user shared how people would clean their devices after the UPI changes come into effect. #UPIcharges pic.twitter.com/UD3Na6BKPD— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ March 29, 2023 In the middle of this, a user has shared the perfect UPI users vs …

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 8 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI
1 year, 8 months ago

UPI Is Free And Safe! Customers Pay Nothing, Only PPI Merchant Transactions Pay Interchange Fee: NPCI

News 18  

The National Payments Corporation of India on Wednesday said that UPI has emerged as the preferred mode of digital payment by offering free, fast, secure and seamless experience. Traditionally, the most preferred method of UPI transactions is linking the bank account in any UPI enabled app for making payments which contributes over 99.9% of total UPI transactions, it added. The …

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
1 year, 8 months ago

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

The Hindu  

Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” the National Payments Corporation of India, which governs UPI,, said in a statement on Wednesday. Rajsri Rengan, …

Will online payments become costlier? NPCI recommends this…
1 year, 8 months ago

Will online payments become costlier? NPCI recommends this…

Hindustan Times  

Online payment is set to become costlier after the National Payments Corporation of India, in a notice, suggested charging interchange fees on merchant transactions made through Unified Payments Interface using prepaid instruments such as wallet or cards. The new rule will come into effect from April 1 and is applicable on transactions made to online merchants, larges merchants and small …

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules
1 year, 8 months ago

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules

India TV News  

UPI transaction charges: The National Payments Corporation of India has suggested the implementation of an interchange fee for Prepaid Payment Instruments on Unified Payments Interface transactions exceeding Rs 2,000. The proposal recommends an interchange fee of up to 1.1 percent with the objective of boosting revenue for banks and payment service providers who have faced significant costs in facilitating UPI …

No, UPI payment will not be charged extra because NPCI 1.1 per cent fee has a fine detail you need to know
1 year, 8 months ago

No, UPI payment will not be charged extra because NPCI 1.1 per cent fee has a fine detail you need to know

India Today  

Will users be charged for UPI transactions above Rs 2,000 starting April 1, 2023? The NPCI has recommended an interchange fee on UPI transactions of over Rs 2,000 made through Prepaid Payment Instruments. In simple words, UPI payments made only through PPIs such as digital wallets will attract 1.1 per cent fee if the value of the transaction is Rs …

Inbound Travellers From G20 Countries Can Avail UPI Facility At Three Airports, Says RBI
1 year, 10 months ago

Inbound Travellers From G20 Countries Can Avail UPI Facility At Three Airports, Says RBI

ABP News  

The Reserve Bank of India on Tuesday said inbound travellers from G20 countries arriving at Mumbai, Delhi, and Bengaluru international airports would be able to use Unified Payments Interface for merchant transactions. According to the statement issued by the central bank, eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To …

RBI allows UPI-based transactions for inbound travellers to India
1 year, 10 months ago

RBI allows UPI-based transactions for inbound travellers to India

The Hindu  

A facility to enable all in-bound travellers visiting India to make local payments using Unified Payments Interface while they are in India has been made available from Tuesday, the Reserve Bank of India said. “Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To begin with, ICICI Bank, IDFC First Bank …

Explained | India’s UPI push
1 year, 10 months ago

Explained | India’s UPI push

The Hindu  

The story so far: On January 10, the National Payments Corporation of India paved the way for international numbers to be able to transact using UPI. Addressing theinfrastructural and technological changes required to support such payments, he said, “Currently, all the internal systems as well as ecosystem players such as banks, NPCI, etc only understand India-based mobile numbers for UPI …

NRIs from 10 countries can use UPI with their international mobile numbers
1 year, 11 months ago

NRIs from 10 countries can use UPI with their international mobile numbers

The Hindu  

Non-resident account types like NRE/NRO that have international mobile numbers will now be allowed to transact with UPI, according to a notice by the National Payments Corporation of India. Transactions from mobile numbers of ten countries will be enabled to begin with — Singapore, Australia, Canada, Hong Kong, Oman, Qatar, United States of America, Saudi Arabia, United Arab Emirates and …

Big boost to Digital India! Govt approves Rs 2,600cr incentive scheme for RuPay, BHIM-UPI transactions
1 year, 11 months ago

Big boost to Digital India! Govt approves Rs 2,600cr incentive scheme for RuPay, BHIM-UPI transactions

India TV News  

In a big boost to Digital India initiative, the Centre has approved has approved an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions for a period of one year from April 2022. The approved incentive scheme will focus on promoting Point-of-Sale and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions for the current financial …

Centre will spend Rs 2,600cr on RuPay
1 year, 11 months ago

Centre will spend Rs 2,600cr on RuPay

Deccan Chronicle  

NEW DELHI: The Union Cabinet on Wednesday approved a Rs 2,600-crore scheme for promoting ‘RuPay’ debit cards and low-value ‘BHIM-UPI’ transactions. Sharing about the decision, Union minister Bhupender Yadav said that the Union Cabinet has approved the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions for a period of one year from April 2022. Under the …

Cabinet clears ₹2,600 cr scheme to promote RuPay debit card
1 year, 11 months ago

Cabinet clears ₹2,600 cr scheme to promote RuPay debit card

Hindustan Times  

The Cabinet on Wednesday approved a ₹2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. "India's strides in digital payments will be further strengthened by today's Cabinet decision regarding promotion of RuPay Debit Cards and BHIM-UPI transactions," Modi said in a tweet. "The approved incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions in …

Discover Related