Upi Payments

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  UPI Transactions Can Now Be Completed In 10 To 15 Seconds: What It Means

  Users will now see payments, balance checks, and reversals processed within 10 to 15 seconds, a sharp improvement from the earlier 30-second wait.

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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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  Sonam Raghuvanshi's Cousin Paid Hitmen Hired For Raja's Murder: Police

  A cousin of Sonam Raghuvanshi had cleared the first installment of payment to the three hitmen who were hired to murder her husband, Raja Raghuvanshi, in Meghalaya last month, police officers probing the case said on Thursday.

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  Direct Benefit Transfer Rises 90 Times In A Decade: Finance Minister

  There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.

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  No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry

  The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".

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  Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000

  This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.

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  PhonePe to Launch UPI Payments App for Feature Phones With P2P Transfers, Offline QR Payments

  PhonePe announced on Friday that it is planning to launch a Unified Payments Interface (UPI) solution for feature phone users in India. The digital payments and financial services company highlighted that the payment solution will be built on the UPI 123Pay technology. The service will be built on conversational engagement platform Gupshup’s GSPa...

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  Opinion | Why India Is Pushing FATF To Ease Its Rules For UPI Payments

  Card networks, mostly headquartered in the West, benefit from historical precedence. Instant payment systems, by contrast, are homegrown innovations in emerging markets, cheaper, faster, and vital for financial inclusion.

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  Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1

  These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.

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  Watch: Tourist Asks "Why Nobody Has Change In India?" Internet Responds

  Travel vlogger Lee Veu shared the clip from the streets of Agra, near the Taj Mahal, where he found himself waiting for change after a purchase.

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  PhonePe Launches ‘Made in India’ SmartSpeaker With 4G Support and Extended Battery Life

  Walmart-backed PhonePe announced its ‘Made in India’ SmartSpeaker for merchants on Monday. It is a wireless speaker that can verify payments received over the Unified Payments Interface (UPI) instant payment system via real-time audio alerts. The device comes with a built-in speaker and is available in up to 21 language options.

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  No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry

  The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.

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  PhonePe UPI Circle Feature With Seamless Payment Authorisation Launched in India

  PhonePe UPI Circle feature was launched in India on Tuesday, enabling primary users to authorise secondary users for payments even if they do not have their own bank accounts. Developed by NPCI, UPI Circle aims to broaden UPI usage and allow supervised spending. Here's everything you need to know about how PhonePe UPI Circle works.

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  NPCI Targets 300 Million New Users for UPI Payments Platform

  National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.

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  UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’

  UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...