Page 10 - Upi Transactions

Google Pay says all UPI transactions on its platform are fully protected

The clarification came after a buzz on social media that issues arising while transferring money through Google Pay are not protected by law as the app is unauthorised

Fintechs see inflexion point as Covid-19 gives fillip to digital modes

Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan

May digital payments see an uptick, indicating revival in economic activity

As vehicular activity returned in May, toll collection saw a huge uptick; Fastag posted an impressive jump of more than 400 per cent in transaction count at 55.17 million

UPI transactions drop in March, RTGS shoots up due to lockdown

According to the data, the volume of UPI transactions in March slipped to 124.68 crore from 132.57 crore in February

India to become world leader in UPI payments volume in next 5 years: Report

What makes India a potential leader is its payments modernization initiatives in the wake of demonetisation, giving it an edge over other nations.

Continue second phase of UPI for retail investors till further notice: Sebi

The decision to continue with the second phase came after representations were made to Sebi by various stakeholders amid prevailing uncertainty due to the Covid-19 pandemic

The coming turmoil in the capital markets

In part one of a series, the author says the capital markets and the securities ecosystem have remained broadly untouched by the progress in India's payment infrastructure

BSNL, SBI partner to launch UPI-based payment platform Bharat InstaPay

According to BSNL officials, the new payment facility developed by the company will enable its partners, especially prepaid sellers, to buy service immediately for sale

PhonePe partners with ICICI Bank, to continue alliance with Yes Bank

While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.

YES Bank crisis: PhonePe comes to a halt, but staff keeps it up and running

Payments firm came to a halt after RBI superseded YES Bank's board

BoM, SBI only PSBs rated 'good' in digital transactions in Dec: Govt data

For digital transactions, the government has given a target of 4,000 crore digital transactions for the current fiscal

MDR waiver to hit fintechs, payments companies' business model

Industry fears the move to drag the growth of digital payments

Paytm launches all-in-one QR for merchants, to enable unlimited payments

This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee

MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions

Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms

RBI allows use of UPI and other non-bank payment methods to link FASTags

Move to boost NETC, foster competition among system participants; turnaround time for resolving failed transactions will be applicable to the transactions carried out in the NETC system

FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1

Department of Revenue (DoR) will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate

Digital payments: Google wants US Fed to replicate India's UPI model

Launched in 2016, the UPI is the country's flagship real-time payments system

UPI transactions in July-Sep up 183% at 2.7 bn; value jumps to Rs 4.6 trn

The number of transactions done on mobile wallets was 1.04 billion, an increase of just 5 per cent over previous year period while the value of transactions in the July-September period was Rs 466 bn

BHIM UPI goes international, launches at Singapore FinTech Festival

The QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore

Sebi extends timeline for UPI Phase II implementation till March 2020

The decision has been taken after consultation with various intermediaries and National Payments Corporation of India (NPCI).