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UPI Lite wallet limit and transaction limits for feature phone users increased
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…
Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey
Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …
PTI
Indians credit card spending increases 19% YoY to Rs 1.7 trillion in July 2024
According to a report released by SBI Securities, the total expenditure by credit card users across…
ANI
Women are more likely to adopt digital financial services when introduced by local agents or women community influencers
Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…
ANI
GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you
At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…
RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…
ANI
78 pc of consumers choose digital banking over cash transactions
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…
ANI
UPI transactions cross Rs 20 trillion for third successive month, in July 2024
Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…
ANI
RBI to set up public repository of digital lending apps to check unauthorised players
In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…
PTI
Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions
Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …
Russia's largest bank says it has no problems transacting with India
Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.
Huileng Tan
Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi
Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…
PTI
UPI transactions worth ₹18.2 lakh crore made in February 2024
Payments through digital means in India are hitting fresh highs, as its citizens are increasingly a…
ANI
Over 40% consumers use digital payment every day in Tier 3-6 cities: Report
According to the report, nearly half of the merchants who are not using digital payments in r…