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Apple Pay Could Launch in India by October Without UPI Support: Report
Apple Pay is reportedly nearing its India debut, with Business Standard suggesting a launch around late September or October. The service could initially work with Visa and Mastercard credit cards, while UPI payments may be unavailable. Apple is also said to be negotiating transaction fees with major banks, with the proposed charge coming from inte...
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UPI To Remain Free For Consumers, Merchants May Face Small Fee: Centre
The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring that consumers and person-to-person payments will continue to remain free.
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UPI Charges Only For Merchants, Not Customers: N Sitharaman On New Tax Bill
Through the bill, the government has proposed that the central government can decide which electronic payment modes or transactions would remain free.
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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.
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Tax Amendment Bill Explained: FDI Push, Jobs, UPI Charges. What Changes?
The amendments in the new Bill point towards a policy objective of attracting global capital and business activity into India, say experts.
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Charges On UPI Transactions? RBI Governor Says 'Costs Have To Be Paid By Someone'
Finance Minister Nirmala Sitharaman has tabled changes to the Payment and Settlement Systems Act in Parliament, which opens the door for UPI MDR.
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Delhi Woman Curbs Impulse Spending After Quitting UPI For Cash: 'I'm Not Going Back'
Delhi woman says she is not going back to UPI after quitting it for cash, stating that she became more aware of her spending habits.
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Indian Tourists Can Now Use UPI To Book Burj Khalifa Tickets Costing Up To Rs 20,000 Before Reaching Dubai
The new facility has been introduced by National Payments Corporation of India (NPCI), in partnership with UAE-based payment solutions provider NEOPAY and Emaar Entertainment.
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Paytm Introduces Split Bills for Shared Group Expenses on Its App
Paytm says that the new Split Bills feature helps users organise shared expenses by creating groups, recording payments and dividing costs using different split methods. It supports transactions made through Paytm UPI, other payment apps, cash and cards, while also allowing users to send payment reminders and settle dues through Paytm UPI. The comp...
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How to Set Up Autopay and Recurring UPI Mandates: A Step-By-Step Guide
The National Payments Corporation of India (NPCI) introduced the UPI Autopay facility in 2020. With UPI Autopay, you can enable e-mandate for recurring payments, including mobile bills, electricity bills, EMI Payments, OTT subscriptions, insurance premiums, and mutual fund payments using any UPI application of your choice. There are multiple benefi...
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"Chutta Nahi Hai. Toffee Le Lo." Has UPI Replaced Rs 1 Toffee In India?
Back when paying in cash was the norm, whether there was actually a shortage of coins or not, customers were often given a toffee instead of loose change.
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Offline UPI Payments With NFC Support Could Launch in India Soon
India will soon enable payments without an Internet connection on either the customer’s smartphone or the merchant’s PoS terminal. National Payments Corporation of India (NPCI) will reportedly begin certifying compatible PoS terminals for enabling offline payments later this year. Offline transactions are expected to be limited to Rs. 2,000 per...
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Spain May Soon Join The Countries Where Indian Travellers Can Pay Via UPI
Indian travellers may soon be able to scan and pay with UPI in Spain. The two countries have just kicked off talks to link UPI with Bizum, Spain's local payment system.
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UPI Goes Live In Greece. Indian Travellers Can Now Make Seamless Digital Payments
With UPI now available in Greece, eligible users will gradually be able to enjoy a much smoother payment experience wherever UPI is accepted.
-
India Crosses 107 Crore Internet Connections, 75 Crore Daily UPI Payments
According to the government, UPI-linked systems have already been adopted in nine countries, with more expected to join in the coming years.
-
Apple Pay Could Launch in India by October Without UPI Support: Report
Apple Pay is reportedly nearing its India debut, with Business Standard suggesting a launch around late September or October. The service could initially work with Visa and Mastercard credit cards, while UPI payments may be unavailable. Apple is also said to be negotiating transaction fees with major banks, with the proposed charge coming from inte...
-
UPI To Remain Free For Consumers, Merchants May Face Small Fee: Centre
The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring that consumers and person-to-person payments will continue to remain free.
-
UPI Charges Only For Merchants, Not Customers: N Sitharaman On New Tax Bill
Through the bill, the government has proposed that the central government can decide which electronic payment modes or transactions would remain free.
-
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.
-
Tax Amendment Bill Explained: FDI Push, Jobs, UPI Charges. What Changes?
The amendments in the new Bill point towards a policy objective of attracting global capital and business activity into India, say experts.
-
Charges On UPI Transactions? RBI Governor Says 'Costs Have To Be Paid By Someone'
Finance Minister Nirmala Sitharaman has tabled changes to the Payment and Settlement Systems Act in Parliament, which opens the door for UPI MDR.
-
Delhi Woman Curbs Impulse Spending After Quitting UPI For Cash: 'I'm Not Going Back'
Delhi woman says she is not going back to UPI after quitting it for cash, stating that she became more aware of her spending habits.
-
Indian Tourists Can Now Use UPI To Book Burj Khalifa Tickets Costing Up To Rs 20,000 Before Reaching Dubai
The new facility has been introduced by National Payments Corporation of India (NPCI), in partnership with UAE-based payment solutions provider NEOPAY and Emaar Entertainment.
-
Paytm Introduces Split Bills for Shared Group Expenses on Its App
Paytm says that the new Split Bills feature helps users organise shared expenses by creating groups, recording payments and dividing costs using different split methods. It supports transactions made through Paytm UPI, other payment apps, cash and cards, while also allowing users to send payment reminders and settle dues through Paytm UPI. The comp...
-
How to Set Up Autopay and Recurring UPI Mandates: A Step-By-Step Guide
The National Payments Corporation of India (NPCI) introduced the UPI Autopay facility in 2020. With UPI Autopay, you can enable e-mandate for recurring payments, including mobile bills, electricity bills, EMI Payments, OTT subscriptions, insurance premiums, and mutual fund payments using any UPI application of your choice. There are multiple benefi...
-
"Chutta Nahi Hai. Toffee Le Lo." Has UPI Replaced Rs 1 Toffee In India?
Back when paying in cash was the norm, whether there was actually a shortage of coins or not, customers were often given a toffee instead of loose change.
-
Offline UPI Payments With NFC Support Could Launch in India Soon
India will soon enable payments without an Internet connection on either the customer’s smartphone or the merchant’s PoS terminal. National Payments Corporation of India (NPCI) will reportedly begin certifying compatible PoS terminals for enabling offline payments later this year. Offline transactions are expected to be limited to Rs. 2,000 per...
-
Spain May Soon Join The Countries Where Indian Travellers Can Pay Via UPI
Indian travellers may soon be able to scan and pay with UPI in Spain. The two countries have just kicked off talks to link UPI with Bizum, Spain's local payment system.
-
UPI Goes Live In Greece. Indian Travellers Can Now Make Seamless Digital Payments
With UPI now available in Greece, eligible users will gradually be able to enjoy a much smoother payment experience wherever UPI is accepted.
-
India Crosses 107 Crore Internet Connections, 75 Crore Daily UPI Payments
According to the government, UPI-linked systems have already been adopted in nine countries, with more expected to join in the coming years.
