The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. Consciousness fees will have to be paid on paying the bill through credit and debit cards on Google Pay, which provides UPI payments facilities. Earlier, there was a service of three rupees for mobile recharge on Google Pay. A media Report According…
The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. The National Payments Corporation of India (NPCI) has stated that UPI transactions to be blocked from next month with special characters ID will be blocked. NPCI operates retail payments and settlement systems in the country. Released by NPCI Release It has been…
Ever since the launch of UPI, speculations had started that we would see more such new experiments in the coming times. One of these is… Aadhaar Payments (AEPS). An official announcement has been made about it and it will be rolled out soon. With its help, users will be able to send and receive money…
The digital payments segment has grown rapidly in the last few years. Central Bank Digital Currency (CBDC) eRupee is being trialled in India. For this, Reserve Bank of India (RBI) has added many banks. However, RBI says that it will not be in any hurry regarding this. The trial of e-Rupee was started about two…
BHIM app has been developed by National Payments Corporation of India (NPCI). With its help, people can send and receive money through Unified Payments Interface. This app is currently available only on Android platform and now a new feature called Aadhaar Payments has been added to it. With its help, you will be able to…
WhatsApp is reportedly working on introducing international payments through its in-app Unified Payments Interface (UPI) service. WhatsApp Payments or WhatsApp Pay was first introduced as an in-app service for users in India in November 2020. The platform was a late entry in the payments sector, as other platforms had already started services. Now the instant…
Indians have lost Rs 485 crore in the financial year 2024-25 due to fraud in UPI payments. There were 6 lakh 32 thousand incidents of fraud with people. At the same time, from the year 2022-23 till now, 27 lakh people were cheated and users lost Rs 2145 crore. The reason for this is said…
UPI based ‘WhatsApp Payment’ has launched in India. Although this feature is still undergoing testing, but according to news agency IANS, it will soon reach 20 crore WhatsApp users in the country. Services like ‘Paytm’ and ‘Google Tez’, which are already providing digital payment services, will have direct competition with ‘WhatsApp Payment’. Now through WhatsApp,…
Mobile wallet companies were the biggest beneficiaries of Prime Minister Narendra Modi’s demonetization decision. The government-backed Unified Payments Interface (UPI) did not make headlines initially. But now the government has started marketing this platform. Despite being a great platform, UPI was not liked by many people during demonetization. Through UPI, you can make payments directly…
To make digital payments easier and better, the Reserve Bank of India (RBI) has increased the limit of its popular instant payment system UPI Lite. From now on, users can now make payments up to Rs 1,000 per transaction, with the total wallet limit being Rs 5,000. Currently the maximum limit for offline payment transactions…
