Page 39 - Upi

Govt to fine firms with over Rs 50 cr revenue for not accepting UPI, RuPay

Companies with turnover of over Rs 50 crore to pay Rs 5,000 per day as penalty

As UPI gears up for global markets, Indian fintechs smell opportunity

Indian fintechs have already started getting enquires from other developing economies to customize UPI for them. Expect UPI launch by April 2020

Google wants US Federal Reserve to draw lessons from India's UPI success

According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success.

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

Number of UPI transactions up 6% at 1.2 bn in Nov; value falls marginally

While the number of UPI transactions during November rose to 1.22 billion from 1 billion in October, the combined value of these declined marginally to Rs 1.89 trillion from Rs 1.91 trillion

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

How recent snooping incident may affect the launch of WhatsApp Pay

An Israeli spyware was used to snoop of some 1,400 people globally, including 121 Indian citizens. Listen to the podcast to know how this incident might affect the launch of WhatsApp's payment service

Snooping row: Govt mulls safety audit of WhatsApp Pay; launch to be delayed

Last week, Facebook-owned WhatsApp said it was filing a federal complaint in the US against Israeli technology firm NSO Group

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

Introduction of UPI route has hurt retail applications for IPOs: Experts

Sebi has acknowledged that investors could be facing issues using the UPI payment method

UPI transactions rise 25%, cross Rs 1 trillion mark in December

The volume of UPI transactions for December stood at 620 million

With 9% growth, UPI transactions cross 500-million mark in November

Restrictions on transfers might have slowed growth

UPI transactions up 30% to 405.8 mn in Sept, amount to over Rs 598.35 bn

Over 120 banks are now live on UPI in the country as on September

Apple shelving UPI shows how foreign giants trip over Indian regulations

The first of the issues is the data localisation recommended by RBI; then there are Justice Srikrishna panel's draft privacy Bill, health ministry guidelines, and even the national e-commerce policy

With UPI 2.0 set to launch soon, transactions for July fall by 4%

UPI has seen growth in volume and value over the previous month, barring a marginal fall in volume in October 2016, May and July 2018

UPI 2.0 may be launched this week: 5 ways the payments system will change

With the fresh version, UPI is making a move from just being a peer-to-peer payments system to become a preferred platform for merchant payments also

A new and improved UPI to make payments to merchants a seamless experience

Sources say that UPI 2.0 could also come with enhanced limit of Rs 200,000 per transaction for specific use cases

UPI closes 2018 on a high as volume jumps 39% in December

These transactions included players like PhonePe and Google Tez, along with the government's BHIM app

HDFC Bank, SBI to start charging for P2P payments on UPI

SBI is charging Rs 5 per transaction of up to Rs 1 lakh, Rs 15 for transactions between Rs 1-2 lakh

50 people pull out Rs 6.14 cr using UPI lacuna; BoM files case

UPI allows account holders across banks to send and receive money from their smartphones