UPI has become immensely popular in India, with transaction numbers rising each year. Some fraudulent apps mimic real UPI transaction interfaces, displaying details like bank account numbers, timestamps, UTR numbers, and more, but they don’t actually process any transactions, effectively scamming unsuspecting merchants. Check every transaction: Many merchants don’t closely monitor their UPI accounts and may mistakenly trust their customers …
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 …
Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …
From a cash-reliant nation to a digital-first economy, India's payment landscape has undergone a massive transformation thanks to QR and digital payments pioneer Paytm's range of innovative products tailored to meet the needs of Indian consumers and merchants. As a pioneer in the digital payments space, Paytm developed the QR code-based payment method for brick-and-mortar stores, becoming the first company …
