Traders’ organisations have withdrawn the October 2 “No UPI Day” protest after meeting Finance Minister Nirmala Sitharaman over the proposed 0.4 per cent fee on eligible merchant UPI transactions above Rs 2,000.
The All India Mobile Retailers Association has sought exemption for small and medium mobile retailers from proposed UPI charges, citing thin margins and rising costs.
When Prime Mi n i s t e r Narendra Modi launched BHIM UPI (Bharat Interface for Money – Unified Payments Interface) App during the inauguration of the “DigiDhanMela” on December 31, 2016, he had urged people to make digital payments a habit to transform the country into a cashless economy. Recently he recalled the.
PM Modi marks 10 years of UPI, praising its scale and reach as India's digital payment platform records massive growth in transactions and global adoption.
petrol pump operators across Tamil Nadu have threatened to stop accepting UPI and other digital payments, raising concerns over bank account freezes and police action triggered by transactions later linked to cybercrime complaints.
The BJP clarified that UPI charges will not be imposed on common citizens and will only apply to certain commercial transactions after the Lok Sabha passed an amendment Bill.
The Lok Sabha has passed a Bill enabling the Centre to introduce UPI charges in the future. Here's what the new law means for users, merchants, banks and digital payments.
New Delhi: The Unified Payments Interface (UPI) transaction volumes rose 22 per cent (year-on-year) to 23.66 billion in July, while UPI transaction value surged 19 per cent to Rs 29.88 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Saturday. On an average basis, UPI processed around.
UPI payments are now available for online bookings at Burj Khalifa’s At the Top attraction in UAE, allowing Indian visitors to use familiar digital payment apps before travel.
São Paulo: Brazil’s instant payment system Pix continues to transform the country’s financial landscape, but its rapid growth has not diminished the importance of credit and debit cards. Instead, recent data suggests that both payment methods are developing in parallel, broadening financial inclusion and strengthening the digital payments ecosystem. Card Payments Remain Strong Despite Pix.
