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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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How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
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CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
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WhatsApp to Offer Card Payments, Services From Rival Digital Payment Providers in India
WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market.
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PhonePe Launches Feature to Pay Income Tax Through Its App
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.
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Google Pay Rolls Out UPI Payments Support for RuPay Card Holders of These Banks: Details
Off-page: This feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India. More banks will follow suit shortly.
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Japan Explores Ways to Join India's UPI Payment System
Japan is mulling to join India's UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. Japanese Digital Minister Kono Taro earlier on Friday said in an interview with a media ch...
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Paytm Partners With SBI Card, NPCI to Launch RuPay Credit Cards: All Details
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further d...
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Paytm Launches UPI Lite on iOS; Adds Support for RuPay Credit Cards on UPI, Splitting Bills and More
Paytm on Tuesday announced that UPI Lite was now available on iOS, and that it had 60 lakh users signed up to use the faster lightweight version of the Unified Payments Interface that is claimed to work during peak hours. RuPay cards are now supported on the Paytm UPI app, while users can also split bills, pin favourite contacts, and tag and easily...
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UPI Most Preferred Mode for Payments in India in 2022; 87.92 Billion Digital Transactions Processed: Report
UPI was the most preferred mode for digital payments in 2022, according to a Worldline report. Over 87.92 billion transactions worth Rs 149.5 trillion were processed in last year, and Person-to-Merchant (P2M) and Person-to-Person (P2P) UPI payments were the most popular choices for users in India, as per the report.
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RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Fortnite Maker Epic Games Hit With $520 Million Penalty Over Alleged Violation of Children's Privacy
Epic Games, creator of the popular battle royale game Fortnite, will pay a record $520 million penalty to settle accusations of violating children's privacy and tricking users into making purchases, according to the US Federal Trade Commission. The Fortnite maker said it had eliminated pay-to-win and pay-to-progress mechanics, along with random loo...
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RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
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UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
-
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...
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
-
WhatsApp to Offer Card Payments, Services From Rival Digital Payment Providers in India
WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market.
-
PhonePe Launches Feature to Pay Income Tax Through Its App
Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.
-
Google Pay Rolls Out UPI Payments Support for RuPay Card Holders of These Banks: Details
Off-page: This feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India. More banks will follow suit shortly.
-
Japan Explores Ways to Join India's UPI Payment System
Japan is mulling to join India's UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. Japanese Digital Minister Kono Taro earlier on Friday said in an interview with a media ch...
-
Paytm Partners With SBI Card, NPCI to Launch RuPay Credit Cards: All Details
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further d...
-
Paytm Launches UPI Lite on iOS; Adds Support for RuPay Credit Cards on UPI, Splitting Bills and More
Paytm on Tuesday announced that UPI Lite was now available on iOS, and that it had 60 lakh users signed up to use the faster lightweight version of the Unified Payments Interface that is claimed to work during peak hours. RuPay cards are now supported on the Paytm UPI app, while users can also split bills, pin favourite contacts, and tag and easily...
-
UPI Most Preferred Mode for Payments in India in 2022; 87.92 Billion Digital Transactions Processed: Report
UPI was the most preferred mode for digital payments in 2022, according to a Worldline report. Over 87.92 billion transactions worth Rs 149.5 trillion were processed in last year, and Person-to-Merchant (P2M) and Person-to-Person (P2P) UPI payments were the most popular choices for users in India, as per the report.
-
RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Fortnite Maker Epic Games Hit With $520 Million Penalty Over Alleged Violation of Children's Privacy
Epic Games, creator of the popular battle royale game Fortnite, will pay a record $520 million penalty to settle accusations of violating children's privacy and tricking users into making purchases, according to the US Federal Trade Commission. The Fortnite maker said it had eliminated pay-to-win and pay-to-progress mechanics, along with random loo...
-
RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
-
UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
