Page 31 - Upi Transactions

Paytm launches all-in-one QR for merchants, to enable unlimited payments

This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee

MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions

Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms

RBI allows use of UPI and other non-bank payment methods to link FASTags

Move to boost NETC, foster competition among system participants; turnaround time for resolving failed transactions will be applicable to the transactions carried out in the NETC system

FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1

Department of Revenue (DoR) will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate

Digital payments: Google wants US Fed to replicate India's UPI model

Launched in 2016, the UPI is the country's flagship real-time payments system

UPI transactions in July-Sep up 183% at 2.7 bn; value jumps to Rs 4.6 trn

The number of transactions done on mobile wallets was 1.04 billion, an increase of just 5 per cent over previous year period while the value of transactions in the July-September period was Rs 466 bn

BHIM UPI goes international, launches at Singapore FinTech Festival

The QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore

Sebi extends timeline for UPI Phase II implementation till March 2020

The decision has been taken after consultation with various intermediaries and National Payments Corporation of India (NPCI).

Google, Walmart drive UPI payments past 1-billion transaction mark in Oct

Amazon and Google now vie with local start-up Paytm, Walmart-PhonePe and a host of other players in a digital payments market forecast to quintuple to $1 trillion by 2023.

UPI bucks slowdown, records highest ever volume in September at 955 mn

Total value of transactions surpasses Rs 1.6 trillion, or 4.5% higher than that achieved in August

Tired of ATM frauds? Soon, you can withdraw money from ATMs using UPI

For now, this service is only available to Bank of India customers and at some ATMs

Paytm blends analytics, offline communication to woo small town merchants

Experts say Paytm - which claims to hold 80 per cent of the merchant digital wallet market in India at present - has much to gain being the first mover in these markets

Second phase of UPI mechanism for IPOs in place; Sebi provides banks list

The second phase of UPI as a payment mechanism commenced from July 1

Making UPI payments could soon be as easy as making a sound with your phone

Three companies, hired by NPCI, are in the process of testing sound-based e-payment technology