Page 19 - Upi

RBI hikes UPI limit for hospital, educational payments: What does it mean?

RBI MPC: In another key announcement related to digital payments, Governor Shaktikanta Das proposed to hike the e-mandate for recurring payments to Rs 1 lakh from the current Rs 15,000

Sunil Bharti Mittal discusses UPI, 5G technology with Kenyan President

Mittal also backed the Digital Public Infrastructure (DPI) or the India Stack of technologies to ensure last-mile inclusion and digital adoption

UPI transactions mark new peak of Rs 17.4 trn in Nov, dip in volume

FASTag transactions increase to 321 mn in Nov, compared to 320 mn in Oct

Fintech start-up Kiwi raises $13 mn to expand credit on UPI offering

Kiwi has issued 25,000 credit cards until now and plans to have 0.5 million customers by the end of 2024

Here are pros and cons of linking your credit card with UPI; details inside

The seamless and quick payment facility stands apart as a unique benefit while connecting a credit card to UPI. This also eliminates of the need to carry money or screen one's debit card balance

Paytm partners with travel tech firm Amadeus for search, flight deals

Fintech firm's users will get access to information on low-cost carriers, hotels

NPCI explores methods to increase RuPay on UPI payment adoption by vendors

UPI payments via RuPay credit cards have experienced slower adoption due to confusion in transaction classification

Kuala Lumpur looking at accepting RuPay, UPI service: Malaysian FM

India and Malaysia are firming up a framework for conducting trade in national currencies and initiating a process to review the 12-year-old comprehensive economic cooperation agreement to include new domains and items, Malaysian Foreign Minister Zambry Abdul Kadir said. At the end of a three-day visit to India, Kadir told PTI that Malaysia is also in the process of accepting India's Unified Payments Interface (UPI) system and RuPay payment service that will boost overall financial engagement. The Malaysian foreign minister said Prime Minister Anwar Ibrahim is likely to visit India in the first half of next year in reflection of growing upswing in overall ties between the two nations. He said both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups besides joining hands in defence industrial cooperation. Ways to further boost the overall trajectory of ties were discussed ...

7 years of demonetisation: Change in use of cash in Indian economy

It's been seven years since the Centre announced demonetisation. A lot has happened since then. Digital India has risen, and customers' way of spending has changed. But is cash still the king?

Fintech may emerge as substitute for traditional banking: RBI's CAFRAL

CAFRAL is a non-profit organisation set up by the RBI in 2011 to promote research and learning in banking and finance

India's UPI transactions scale new high in Oct; clock Rs 17.2 trn in value

According to data shared by the NPCI, this is 56 per cent higher in volume terms compared to 7.30 billion in October 2022 and 42 per cent higher in value terms compared to Rs 12.12 trillion last year

HMD Global launches Nokia 105 Classic phone with UPI app at Rs 999: Details

The Nokia 105 Classic is offered in four variants - single SIM, dual-SIM, with charger, and without charger. The base model with single SIM and without charger is priced at Rs 999

Sebi to pilot Asba-like framework for secondary markets in December: Report

Asba facility is already available for the primary market which ensures that money from an investor gets moved only when an allotment happens

RapidX fares: 17 km journey to cost between Rs 50-100 in standard coach

The minimum fare for the five standard coaches on the priority section will be Rs 20 and the maximum fare is set at Rs 50; for premium coach, the minimum fare will be Rs 40, and the maximum is Rs 100

PhonePe revenue soars 77% in FY23 on booming digital payments market

The company's loss before interest, taxes, depreciation and amortisation on a standalone basis widened to 17.55 billion rupees ($210.8 million) from 16.12 billion rupees a year ago

Here's how the Indian banks are making $64 billion from a freebie

Since April, customers dipping into their mobile-phone wallets to settle bills of more than Rs 2,000 ($24) have to bear a maximum

UPI-based ATMs will not replace conventional ATMs; both will co-exist

An ATM solely dedicated to UPI-based cash withdrawals simplifies the machine's hardware components

P2M transactions to make 75% of all UPI transactions by 2025: Report

The average ticket size of UPI in the first six months of 2023 was 10% lower than the same period last year showing its growing penetration and increasing adoption of small payments

Avg ticket size on UPI dips 10%, rises 22.6% on cards in H12023: Report

The ATS of P2M transactions dipped 21 per cent from Rs 839 in H1 2022 to Rs 659 in H1 2023

Make UPI payments through a phone call with this HDFC Bank feature

UPI 123Pay makes it possible for anyone in India, regardless of their phone type, to effortlessly make payments using a simple phone call, without requiring internet connectivity or a smartphone.