Upi Services

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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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  DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions

  The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...

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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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  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...

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  UPI Services Restored, "System Stabilised" After Technical Glitch

  UPI Services were restored for users on Wednesday following an outage that affected several UPI users across India.

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  UPI Will Stop Working On These Mobile Numbers From April 1. Here's Why

  UPI services will no longer work on mobile numbers that are inactive or reassigned starting April 1. The National Payments Corporation of India (NPCI) has directed banks and payment service providers (PSPs) to delink such numbers to prevent fraud and

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  Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards

  Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...

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  Uber's Big Change: Auto Service Now Cash-Only - Find Out Why

  Uber has shifted its Auto service to a cash-only model, abandoning digital payments to reduce friction between drivers and riders.

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  UPI's Share In India's Digital Payments Surged To 83%: RBI Report

  The share of the Unified Payments Interface in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR of 74 per cent over the last five years, according a RBI report.

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  Paytm Users Can Now Make UPI Payments In UAE, France And These Countries

  One97 Communications Limited (OCL) that owns the brand Paytm, has enabled its users to make UPI payments at various international locations.

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  Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions

  Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...

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  UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October

  The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.