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 from UPI either from bank account or PPI/Paytm Wallet.” Paytm on Wednesday urged to not spread misinformation after NPCI's new rule on digital payments through UPI. “Regarding NPCI circular on interchange fees & wallet interoperability, no customer will pay any charges on making payments from #UPI either from bank account or PPI/Paytm Wallet. We will pay 15 bps of charges to banks for adding more than ₹2,000 using UPI, and will also earn 15 bps when any other wallets use Paytm bank to add more than ₹2,000 using UPI.” Earlier in the day, NPCI also clarified the same as it issued a statement and said, “UPI is free, fast, secure and seamless.

Payments Paytm Upi Bank Account Npci Paytm Wallet Customers Need Wallet Pay  payments  fee  misinformation  npci  wallet  pay  paytm  spread  upi  answers  using  customers  need  transactions

History of this topic

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 …

Paytm starts migrating users to new UPI IDs: What changes for you?
8 months, 1 week ago

Paytm starts migrating users to new UPI IDs: What changes for you?

Hindustan Times  

One97 Communications Limited, Paytm's parent company, began migrating customers to partner payment service provider banks Axis Bank, HDFC Bank, SBI and Yes Bank. Until now, Paytm UPI customers were using Paytm Payments Bank Limited which was barred by the Reserve Bank of India from conducting several business operations. Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do
9 months, 1 week ago

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do

Hindustan Times  

Paytm UPI: National Payments Corporation of India gave One97 Communications Limited- Paytm's parent company- approval to be a third-party app on UPI platform. Following this, Yes Bank and Axis Bank went live on Paytm app using which users can create new handles. Paytm UPI: RBI's deadline for Paytm Payments Bank Limited to stop all banking operations ends today. New users …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 1 week ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 1 week ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
9 months, 1 week ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

Will @Paytm UPI Work After March 15? Here's What Users Need To Know
9 months, 4 weeks ago

Will @Paytm UPI Work After March 15? Here's What Users Need To Know

News 18  

In January 2024, the Reserve Bank of India imposed restrictions on Paytm Payments Bank due to “persistent non-compliance” with regulations. Third-Party App Provider RBI has asked the NPCI to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle ‘@paytm’ to 4-5 other banks, in a bid to prevent any disruptions in the payment ecosystem. As the …

NPCI to examine Paytm's third-party app request for UPI: RBI
10 months ago

NPCI to examine Paytm's third-party app request for UPI: RBI

Hindustan Times  

The Reserve Bank of India on Friday said it has advised National Payments Corporation of India to examine One97 Communication Limited's request seeking approval for the Third-Party Application Provider route for continuation of Paytm's Unified Payments Interface services. Paytm Payments Bank cannot onboard new customers after March 15 One97 Communication Limited is the parent firm of fintech major Paytm. On …

Do you have @Paytm UPI handle? RBI has a message for you
10 months ago

Do you have @Paytm UPI handle? RBI has a message for you

India Today  

The Reserve Bank of India has asked National Payments Corporation of India to consider One97 Communication Ltd's request to become a Third-Party Application Provider for the UPI channel for continued operation of the Paytm app. This situation has prompted the need for additional measures to ensure smooth digital payments through the UPI channel operated by Paytm Payments Bank and to …

Paytm, Axis Bank to apply this week for third-party route for UPI: Report
10 months ago

Paytm, Axis Bank to apply this week for third-party route for UPI: Report

Hindustan Times  

One97 Communications Limited, which owns Paytm, and recently joined hands with Axis Bank in the wake of Reserve Bank of India's crackdown against Paytm Payments Bank, will apply this week for the third-party application provider route, with the application to be sent to the National Payments Corporation of India, Moneycontrol has reported. Cutlery vendor switches on Paytm, a digital payments …

Paytm set to operate as third-party app for UPI: Report
10 months, 2 weeks ago

Paytm set to operate as third-party app for UPI: Report

Hindustan Times  

One97 Communications Limited, the parent firm of crisis-hit Paytm, is focusing on the third-party payment app route to ensure that the fintech major's Unified Payments Interface remains available to its users, according to an Economic Times report. “Since Paytm Payments Bank will stop offering payment services, Paytm will become a third-party app going forward, integrating UPI through other lenders,” the …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
10 months, 2 weeks ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

RBI's action against Paytm Payments Bank explained
10 months, 3 weeks ago

RBI's action against Paytm Payments Bank explained

Hindustan Times  

New Delhi: The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting fresh deposits and making credit transactions. The RBI said the Paytm Payments Bank's continued material supervisory concerns warranted supervisory action. Noida-based One 97 Communications Ltd is the parent company of the Paytm Payments Bank. This means if a person wants to transfer the balance …

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 …

Apple Pay set to launch in India, talks underway with NPCI: All details here
1 year, 6 months ago

Apple Pay set to launch in India, talks underway with NPCI: All details here

India TV News  

Apple is reportedly in discussions with the National Payments Corporation of India to bring Apple Pay to the country. According to IANS, iPhone users in India may soon be able to scan QR codes and make payments through the unified payments interface using Apple Pay, similar to other popular digital payment apps. Apple Pay provides a convenient, secure, and private …

All your questions about transactions made with PPIs via UPI, explained
1 year, 8 months ago

All your questions about transactions made with PPIs via UPI, explained

The Hindu  

April 05, 2023 10:59 pm | Updated April 06, 2023 02:00 pm IST The story so far: Earlier last week, the National Payments Corporation of India, which governs UPI, in a circular issued directly to banks, intimated that they can now levy charges on merchant transactions made through Prepaid Instrument wallets using UPI. Subsequently, PPI issuers tied up with NPCI …

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 …

'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, …

UPI Merchant Transactions To Carry Interchange Fee From April 1; Check Threshold And Other Details
1 year, 8 months ago

UPI Merchant Transactions To Carry Interchange Fee From April 1; Check Threshold And Other Details

News 18  

UPI merchant transactions of more than Rs 2,000 made via prepaid payment instruments will carry an interchange fee starting April 1, 2023. “The interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account-based UPI payments,” …

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 …

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 …

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 …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

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 …

India's UPI and Singapore's PayNow are now linked: How will this benefit users?
1 year, 10 months ago

India's UPI and Singapore's PayNow are now linked: How will this benefit users?

Firstpost  

India has experienced a technological revolution in recent years. With the Unified Payments Interface being connected to PayNow on Tuesday, Indians can now send money to their friends, coworkers, and relatives in Singapore via digital payment systems like Google Pay and PayTM. 🎥A short film screened on UPI of India and PayNow of Singapore It elucidates how the linkage of …

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm
1 year, 10 months ago

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm

The Quint  

In the Indian financial ecosystem, Paytm became a trendsetter when it launched its mobile wallet and QR payments almost a decade ago. During the recent earnings call, Paytm Founder and CEO Vijay Shekhar Sharma highlighted that Paytm's focus on merchant payments instead of consumer led UPI payment has created a scalable UPI revenue model in subscription. Sharma also mentioned that …

Paytm's UPI Lite will now let users make payments without using PIN
1 year, 10 months ago

Paytm's UPI Lite will now let users make payments without using PIN

India Today  

Paytm, the popular payments app, has introduced a new feature called UPI Lite that makes it easier for users to make small value transactions without needing to enter a PIN every time. Talking about the new feature, Praveena Rai, COO, NPCI, said, “We are very excited to launch UPI LITE on Paytm Payments Bank. With UPI Lite, users can carry …

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 10 months ago

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more

India TV News  

One97 Communications Limited, the owns of Paytm, the online payments and financial services company and the pioneer of QR and mobile payments, has launched a special G20-theme QR Code to celebrate India’s presidency of the intergovernmental forum and the country’s leadership in mobile payments. This QR code was launched by Mr. Ashwini Vaishnaw, Hon’ble Minister for Railways, Communications and Electronics …

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, …

Should UPI Charge a Fee? Global Payment Lobby Wants It, RBI Must Ensure Otherwise
2 years, 2 months ago

Should UPI Charge a Fee? Global Payment Lobby Wants It, RBI Must Ensure Otherwise

News 18  

UPI is moving in an interesting direction, one that will take it places not previously ventured into by digital public goods, and make India’s payment system adaptable and useful across the world. Which is why the rapid deployment of UPI across the world should lead to a redefinition of its purpose from just being digital public good to becoming a …

No Consideration to Levy Any Charges for UPI Services: Finance Ministry
2 years, 4 months ago

No Consideration to Levy Any Charges for UPI Services: Finance Ministry

News 18  

The Finance Ministry on Sunday said United Payments Interface is a digital public good and there is no consideration in the government to levy any charges on this. This statement allays fear emanating from the RBI’s discussion paper on charges in the payment system suggesting that UPI payments might be subject to a tiered charge based on various amount brackets. …

UPI: the dawn of digital fintech nirvana
2 years, 5 months ago

UPI: the dawn of digital fintech nirvana

The Hindu  

If you own a smartphone, you have most probably done UPI-based payments using BHIM or some other mobile application. Secondly, a Payment Service Provider takes care of the to-and-fro transactions to this VPA and finally, the UPI software orchestrates the fund movement from a customer’s VPA to a target VPA and completes the transaction. A ubiquitous payment system The popularity …

How Will UPI-Credit Card Linking be Different from Credit Card Payment on Paytm, MobiKwik?
2 years, 6 months ago

How Will UPI-Credit Card Linking be Different from Credit Card Payment on Paytm, MobiKwik?

News 18  

Though the Reserve Bank of India has allowed the linking of credit cards to the UPI platform, there are various fintech platforms, like Paytm and Mobikwik, that already provide payment facilities through these cards. Here’s what experts say about the linking: Platforms That Allow Adding Money Through Credit Cards Fintech platforms Paytm and Mobikwik allow their users to add money …

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line
2 years, 6 months ago

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line

The Hindu  

The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface, which will enable more people to make payments using the popular platform. "…it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review. He said that Rupay credit …

Paytm Money allows HNI investors to bid higher amount of up to ₹5 lakh for IPOs
2 years, 7 months ago

Paytm Money allows HNI investors to bid higher amount of up to ₹5 lakh for IPOs

Live Mint  

NEW DELHI: One97 Communications Ltd. has said that its wholly-owned subsidiary--Paytm Money Ltd.--will help high net-worth individuals to place higher bids of up to ₹5 lakh for initial public offerings through UPI. As per the company, it is the first among discount brokers in the country to launch this service of allowing HNIs to bid higher amounts via UPI. This …

Paytm Bank barred from adding new customers
2 years, 9 months ago

Paytm Bank barred from adding new customers

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday asked Paytm Payments Bank Ltd to stop onboarding of new customers with immediate effect, citing certain “material supervisory concerns” observed in the bank. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by the RBI after reviewing report of the IT auditors, the …

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today
2 years, 9 months ago

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today

News 18  

You don’t need a smartphone or internet connection to do Unified Payments Interface payments anymore. To enable thousands of feature phone users with the digital payment ecosystem in the country, the Reserve Bank of India is all set to launch UPI123Pay on Tuesday. Why UPI Payment for Feature Phones RBI governor Shaktikanta Das announced to launch a UPI-based payment system …

RBI to soon float paper on reasonableness of charges on transactions via digital payments
3 years ago

RBI to soon float paper on reasonableness of charges on transactions via digital payments

India TV News  

With a view to make digital transactions more affordable, the Reserve Bank of India will soon come out with a discussion paper on the reasonableness of charges on transactions through digital mode. Observing that concerted efforts by all stakeholders have led to a significant increase in digital payments in recent years, RBI Governor Shaktikanta Das said there have, however, been …

Discover Related