Online Payments
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Lok Sabha Passes Bill To Allow Charges On UPI, Other Digital Payments
Real-time payments made through RTGS and NEFT are done by paying a service charge. However, UPI transactions have been exempted from such charges so far.
-
3 Arrested For Duping Maharashtra Man Of Rs 70 Lakh With Fake Job Offer
The accused lured complainant by showing fake letters with forged signatures and seals of senior Mantralaya officials, along with the national emblem.
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PayPal Partners With NPCI, Others to Build Cross-Border Payments Platform Focused on Interoperability
PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jo...
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UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
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Mumbai Woman Loses Rs 99,000 After Rs 9 Payment To Fake Cleaning Service
A woman lost Rs 99,000 after she made a payment of Rs 9 to a fake online cleaning service. The shocking cyber fraud was reported from Mumbai's Andheri West.
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How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
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UPI Transaction Limit Increased To Rs 5 Lakh For These Payments
The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.
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UPI Lite Wallets To See Big Change Soon: Here's How You May Benefit
The Reserve Bank of India (RBI) has proposed to introduce auto-replenishment of UPI Lite wallets and bring the online transaction facility under the e-mandate framework.
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PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
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RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
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RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30
The Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenisation deadline by three months, changing it from June 30 to September 30. This date has been pushed due to requests received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions.
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Global Chip Shortage Could Affect Supply of Credit/ Debit Cards, Industry Body Warns
Global chip shortage is hitting the payment card industry next, a trade body has warned. The Smart Payment Association has said that it could lead to a shortage of credit/ debit card supplies and disrupt the online payment ecosystem.
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How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
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PayPal Says Profit Jump Flags Shift From Cash Payments in Stores
PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.
-
Microsoft's Kaizala App to Get Digital Payments Feature
Kaizala will give users the option to make peer to peer payments in one to one and group chat conversations.
-
Lok Sabha Passes Bill To Allow Charges On UPI, Other Digital Payments
Real-time payments made through RTGS and NEFT are done by paying a service charge. However, UPI transactions have been exempted from such charges so far.
-
3 Arrested For Duping Maharashtra Man Of Rs 70 Lakh With Fake Job Offer
The accused lured complainant by showing fake letters with forged signatures and seals of senior Mantralaya officials, along with the national emblem.
-
PayPal Partners With NPCI, Others to Build Cross-Border Payments Platform Focused on Interoperability
PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jo...
-
UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
-
Mumbai Woman Loses Rs 99,000 After Rs 9 Payment To Fake Cleaning Service
A woman lost Rs 99,000 after she made a payment of Rs 9 to a fake online cleaning service. The shocking cyber fraud was reported from Mumbai's Andheri West.
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
UPI Transaction Limit Increased To Rs 5 Lakh For These Payments
The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions to Rs 5 lakh for certain types of payments.
-
UPI Lite Wallets To See Big Change Soon: Here's How You May Benefit
The Reserve Bank of India (RBI) has proposed to introduce auto-replenishment of UPI Lite wallets and bring the online transaction facility under the e-mandate framework.
-
PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30
The Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenisation deadline by three months, changing it from June 30 to September 30. This date has been pushed due to requests received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions.
-
Global Chip Shortage Could Affect Supply of Credit/ Debit Cards, Industry Body Warns
Global chip shortage is hitting the payment card industry next, a trade body has warned. The Smart Payment Association has said that it could lead to a shortage of credit/ debit card supplies and disrupt the online payment ecosystem.
-
How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
-
PayPal Says Profit Jump Flags Shift From Cash Payments in Stores
PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.
-
Microsoft's Kaizala App to Get Digital Payments Feature
Kaizala will give users the option to make peer to peer payments in one to one and group chat conversations.
