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No Charge on Normal UPI Payments, 1.1 Percent Fee to Be Levied on PPI Merchant Transactions: NPCI
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement.
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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2022 Yamaha MT-15 Version 2.0 Launched; Prices Begin At Rs. 1.60 Lakh
The new Yamaha MT-15 now gets an upside down front fork, aluminium swingarm, new digital instrument console with Bluetooth Y-Connect app and new colours.
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RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
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Love Singing? These Websites Will Help You Isolate the Music From Your Favourite Songs for Karaoke
These 5 apps let you separate the music from the vocals of your favourite songs for the next karaoke.
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Ather 450X Receives 13th OTA Update; Now Gets Controls For Music And Phonecalls
Ather Energy rolled out the 13th round of over-the-air (OTA) updates which allows Ather 450X customers to control Bluetooth calling and music functions via the instrument console on the electric scooter.
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2021 Royal Enfield Classic 350's Tripper Navigation Display Uncovered In New Spy Photos
New spy photos of the upcoming 2021 Royal Enfield Classic 350 have surfaced online and this time around we get to see the bike's new instrument cluster, which comes with the company's new Tripper navigation unit.
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Tech-Assisted COVID-19 Tracking Is Having Some Issues
Even the most privacy-minded tools, such as those to be released soon by Apple and Google, require constraints so that they don’t become instruments of surveillance or oppression. “The risks of getting it wrong are enormous,” said Neema Singh Guliani, a senior legislative counsel with the ACLU.
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PhonePe Launches 'Liquid Fund', Says Users Can Earn FD-Like Returns
Customers can withdraw their money instantly. For Instant withdrawal, they can withdraw 90 percent of the balance, up to Rs. 50,000 per day that will be credited to the user's bank account within 30 minutes.
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WhatsApp in the Arab World: An Essential but Controversial Tool
WhatsApp remains the most popular social media programme in terms of usage in the youthful, tech-savvy region.
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TVS Apache RTR 200 4V Gets Bluetooth-Enabled SmartXonnect Feature
TVS Motor Company has updated the popular-selling Apache RTR 200 4V with Bluetooth-enabled SmartXonnect mobile app technology. The updated TVS Apache RTR 200 4V is priced at Rs. 1.14 lakh (ex-showroom, Delhi), which is marginally higher than the current model. The Bluetooth connectivity feature allows users to connect their smartphones with the mot...
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RBI Announces Interoperability for Mobile Wallets, to Be Implemented in Six Months
The RBI announced its updated directions for prepaid instruments like mobile wallets will be issued in one week - and will include directives for interoperability.
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Online Travel Services Quickly Gaining Traction in India, Finds eMarketer
A forecast by marketing research firm eMarketer says services on the travel space benefited from demonetisation.
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Apple Acquires SensoMotoric, a German Firm Specialising in Eye-Tracking Tech
Apple has seemingly confirmed that it has acquired German company SensoMotoric Instruments, which provides eye tracking solutions that can be used for augmented reality applications.
-
No Charge on Normal UPI Payments, 1.1 Percent Fee to Be Levied on PPI Merchant Transactions: NPCI
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement.
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
2022 Yamaha MT-15 Version 2.0 Launched; Prices Begin At Rs. 1.60 Lakh
The new Yamaha MT-15 now gets an upside down front fork, aluminium swingarm, new digital instrument console with Bluetooth Y-Connect app and new colours.
-
RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
-
Love Singing? These Websites Will Help You Isolate the Music From Your Favourite Songs for Karaoke
These 5 apps let you separate the music from the vocals of your favourite songs for the next karaoke.
-
Ather 450X Receives 13th OTA Update; Now Gets Controls For Music And Phonecalls
Ather Energy rolled out the 13th round of over-the-air (OTA) updates which allows Ather 450X customers to control Bluetooth calling and music functions via the instrument console on the electric scooter.
-
2021 Royal Enfield Classic 350's Tripper Navigation Display Uncovered In New Spy Photos
New spy photos of the upcoming 2021 Royal Enfield Classic 350 have surfaced online and this time around we get to see the bike's new instrument cluster, which comes with the company's new Tripper navigation unit.
-
Tech-Assisted COVID-19 Tracking Is Having Some Issues
Even the most privacy-minded tools, such as those to be released soon by Apple and Google, require constraints so that they don’t become instruments of surveillance or oppression. “The risks of getting it wrong are enormous,” said Neema Singh Guliani, a senior legislative counsel with the ACLU.
-
PhonePe Launches 'Liquid Fund', Says Users Can Earn FD-Like Returns
Customers can withdraw their money instantly. For Instant withdrawal, they can withdraw 90 percent of the balance, up to Rs. 50,000 per day that will be credited to the user's bank account within 30 minutes.
-
WhatsApp in the Arab World: An Essential but Controversial Tool
WhatsApp remains the most popular social media programme in terms of usage in the youthful, tech-savvy region.
-
TVS Apache RTR 200 4V Gets Bluetooth-Enabled SmartXonnect Feature
TVS Motor Company has updated the popular-selling Apache RTR 200 4V with Bluetooth-enabled SmartXonnect mobile app technology. The updated TVS Apache RTR 200 4V is priced at Rs. 1.14 lakh (ex-showroom, Delhi), which is marginally higher than the current model. The Bluetooth connectivity feature allows users to connect their smartphones with the mot...
-
RBI Announces Interoperability for Mobile Wallets, to Be Implemented in Six Months
The RBI announced its updated directions for prepaid instruments like mobile wallets will be issued in one week - and will include directives for interoperability.
-
Online Travel Services Quickly Gaining Traction in India, Finds eMarketer
A forecast by marketing research firm eMarketer says services on the travel space benefited from demonetisation.
-
Apple Acquires SensoMotoric, a German Firm Specialising in Eye-Tracking Tech
Apple has seemingly confirmed that it has acquired German company SensoMotoric Instruments, which provides eye tracking solutions that can be used for augmented reality applications.
