A shocking case has come to light from Indore, a big city of Madhya Pradesh. According to media reports, hundreds of traders and shopkeepers there have stopped accepting digital and UPI payments from customers. Due to increasing incidents of cyber fraud and fears of accounts being frozen, businessmen have taken this step. Seeing the matter…
Spain President UPI Payment: Spain President Pedro Sanchez purchased the idol of Lord Ganesha in Mumbai during his visit to India. He purchased this idol using UPI. The Spanish President, who uses UPI, has become the latest high-profile foreign leader to adopt India’s leading digital payments technology. Pedro Sanchez’s use of UPI in India shows…
UPI vs Credit vs Debit card Payment: According to the monthly data of Reserve Bank of India (RBI), there has been a decline in debit card based transactions amid the increase in UPI based digital payments. According to the data, debit card transactions declined from about Rs 43,350 crore in August this year to about…
A shocking case has come to light from Indore, a big city of Madhya Pradesh. According to media reports, hundreds of traders and shopkeepers there have stopped accepting digital and UPI payments from customers. Due to increasing incidents of cyber fraud and fears of accounts being frozen, businessmen have taken this step. Seeing the matter…
According to a media report regarding Jio, some selected My Jio app users have got UPI payment support. The company seems to be gearing up to compete with Google Pay and WhatsApp, which have made their place in the market with this UPI feature. The report states that the company has rolled out the UPI…
Spain President UPI Payment: Spanish President Pedro Sanchez purchased the idol of Lord Ganesha in Mumbai during his visit to India. He purchased this idol using UPI. The Spanish President, who uses UPI, has become the latest high-profile foreign leader to adopt India’s leading digital payments technology. Pedro Sanchez’s use of UPI in India shows…
UPI vs Credit vs Debit card Payment: According to the monthly data of Reserve Bank of India (RBI), there has been a decline in debit card based transactions amid the increase in UPI based digital payments. According to the data, debit card transactions declined from about Rs 43,350 crore in August this year to about…
Deactivating UPI payments becomes very important when the mobile phone is lost. Unified Payments Interface (UPI) has become a major payment system in India, with over 2,800 million UPI transactions in June. From bill payments to transferring money from one bank account to another, UPI can be used for most tasks. All major commercial banks…
The number of transactions through the Unified Payments Interface (UPI) platform in India has increased by 49 percent year-on-year to 13.9 billion. This information has been given in the latest data of National Payment Corporation of India (NPCI). However, the number of transactions is slightly less than the May figure of 14 billion. The reason…