Upi Payment
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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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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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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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"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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Slovenian Tourist Says India's Payment System Is 'Years Ahead Of Most Countries'
A Slovenian traveller has praised India's UPI system for enabling cashless payments nationwide and reducing the need for cash.
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Busy CEO Accidentally Pays Mumbai Auto Driver Rs 15,000. What Happened Next Won The Internet
An auto-rickshaw driver's decision to return ₹15,682 mistakenly transferred by a passenger has won widespread praise online, with many calling it a rare and inspiring act of honesty.
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Fruit Vendor Returns Rs 1500 After Customer Mistakenly Overpays Using UPI
An honest fruit vendor returns Rs 1500 to a customer who mistakenly overpaid for bananas using UPI.
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RBI Proposes 1-Hour Pause For High-Value UPI Payments: What It Means For You
UPI users may need time to adjust, but industry leaders believe that the time gap in payment will feel safer and more reliable in the long run.
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RBI May Soon Make You Wait An Hour For UPI Payments Above Rs 10,000
Mumbai, April 9 (IANS) The Reserve Bank of India on Thursday released a discussion paper that sets out four options for introducing extra layers of safeguards in digital transactions, which include a lagged credit for authorised push payments above R
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Why OTP Alone Won't Work Anymore: RBI's New Digital Payment Rules Explained
Under the new framework, two-factor authentication (2FA) will become mandatory for all digital transactions, fundamentally changing how users pay via UPI, cards, and mobile wallets.
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Amazon Pay Adds Support for Biometric Authentication for UPI Payments in India
Amazon Pay has introduced the new biometric authentication feature for UPI transactions. However, the company will only allow users to make payments of up to Rs. 5,000 using the new feature. The tech giant claims that people will no longer have to enter their UPI pins to complete a transaction, as they can directly validate them using their fingerp...
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IMF Lists UPI As World's Largest Real-Time Payment System
The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume, the Parliament was informed on Monday.
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How to Make UPI Payments Using a Simple Feature Phone: A Step-by-Step Guide
The UPI 123Pay service introduced by the Reserve Bank of India (RBI) allows users with feature phones to do UPI transactions. This can be done by dialling the number 080 4516 3666 from your feature phone. Your mobile number must be linked to your bank account to avail this service. Users can make UPI payments using sound-based technology and built-...
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How to Use Biometric Authentication for UPI Payments in India: A Step-by-Step Guide
NPCI and RBI announced biometric and wearable glass-based authentication for UPI in India. Users can now verify payments via fingerprint or face unlock instead of a PIN, with Aadhaar-linked data and an initial Rs. 5,000 limit. The system aims to enhance convenience and security, especially for seniors. However, experts caution against accidental pa...
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NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
![Gadgets 360 With Technical Guruji: News of the Week [November 9, 2024]](https://c.ndtvimg.com/2024-11/c7asifsg_news-of-the-week_160x120_09_November_24.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: News of the Week [November 9, 2024]")
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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.
-
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.
-
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.
-
"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.
-
Slovenian Tourist Says India's Payment System Is 'Years Ahead Of Most Countries'
A Slovenian traveller has praised India's UPI system for enabling cashless payments nationwide and reducing the need for cash.
-
Busy CEO Accidentally Pays Mumbai Auto Driver Rs 15,000. What Happened Next Won The Internet
An auto-rickshaw driver's decision to return ₹15,682 mistakenly transferred by a passenger has won widespread praise online, with many calling it a rare and inspiring act of honesty.
-
Fruit Vendor Returns Rs 1500 After Customer Mistakenly Overpays Using UPI
An honest fruit vendor returns Rs 1500 to a customer who mistakenly overpaid for bananas using UPI.
-
RBI Proposes 1-Hour Pause For High-Value UPI Payments: What It Means For You
UPI users may need time to adjust, but industry leaders believe that the time gap in payment will feel safer and more reliable in the long run.
-
RBI May Soon Make You Wait An Hour For UPI Payments Above Rs 10,000
Mumbai, April 9 (IANS) The Reserve Bank of India on Thursday released a discussion paper that sets out four options for introducing extra layers of safeguards in digital transactions, which include a lagged credit for authorised push payments above R
-
Why OTP Alone Won't Work Anymore: RBI's New Digital Payment Rules Explained
Under the new framework, two-factor authentication (2FA) will become mandatory for all digital transactions, fundamentally changing how users pay via UPI, cards, and mobile wallets.
-
Amazon Pay Adds Support for Biometric Authentication for UPI Payments in India
Amazon Pay has introduced the new biometric authentication feature for UPI transactions. However, the company will only allow users to make payments of up to Rs. 5,000 using the new feature. The tech giant claims that people will no longer have to enter their UPI pins to complete a transaction, as they can directly validate them using their fingerp...
-
IMF Lists UPI As World's Largest Real-Time Payment System
The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume, the Parliament was informed on Monday.
-
How to Make UPI Payments Using a Simple Feature Phone: A Step-by-Step Guide
The UPI 123Pay service introduced by the Reserve Bank of India (RBI) allows users with feature phones to do UPI transactions. This can be done by dialling the number 080 4516 3666 from your feature phone. Your mobile number must be linked to your bank account to avail this service. Users can make UPI payments using sound-based technology and built-...
-
How to Use Biometric Authentication for UPI Payments in India: A Step-by-Step Guide
NPCI and RBI announced biometric and wearable glass-based authentication for UPI in India. Users can now verify payments via fingerprint or face unlock instead of a PIN, with Aadhaar-linked data and an initial Rs. 5,000 limit. The system aims to enhance convenience and security, especially for seniors. However, experts caution against accidental pa...
-
NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
