Diabytes
UPI payments News
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The UPI system is currently free for users, with the government covering costs by subsidising banks and other stakeholders that support the payments infrastructure. “Costs will have to be paid. Someone will have to bear the cost,” he said at an event in the financial capital.
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Once your RuPay credit or debit card is linked to UPI, you can use it just like a bank account for many types of payments.
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Under the new rules, if your bank-registered mobile number remains inactive for a long time, your UPI ID will be deactivated.
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UPI 123 Pay Limit: The National Payments Corporation of India (NPCI) confirmed this change in a circular dated October 25, 2024, with a compliance deadline set for January 1, 2025.
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Ashwini Vaishnaw shared a viral photo of the auto driver hailing him for his approach to collecting UPI payments.
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Keypad phones offer a refreshing simplicity and reliability in a world dominated by smartphones. From audio-focused options to feature-rich devices, these classics cater to various needs. For those seeking durability, user-friendliness, and affordability, keypad phones remain a viable choice.
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The latest data from the National Payments Corporation of India (NPCI) revealed that the number of Unified Payments Interface (UPI) transactions reached 1,330 crore in April.
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The itel Super Guru 4G keypad smartphone comes with three colour options: Green, Black, and Dark Blue.
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The MoU between Gpay India and NIPL will aim to ease doing business and making payments for Indian travellers and people from other countries who are coming to India.
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The brokerage said Paytm`s payments vertical will particularly benefit from RBI`s proposal due to higher usage of merchant discount rate (MDR)-bearing credit cards through UPI.
Citi also said that the shift from debit/bank account to credit cards may improve the monetisation of UPI payments.
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Many times, while transferring, amounts are transferred into the wrong account. Sometimes this happens in banking fraud as well. In this case, you can get the amount back. Figure out the process by going through this article.
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In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).
In July, India processed 6.28 billion UPI transactions worth Rs 10.62 lakh crore.
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“Now even in small towns and in most villages people are transacting through UPI itself. A culture is also being born in the country from Digital Economy,” PM Modi said.
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UPI payments via BHIM app can done in UAE by Indians.
Users must have a bank account.
UPI payments will be accepted at merchants and establishments equipped with NEOPAY terminals.
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UPI frauds have increased over the years.
There are some safeguards in place to reduce the chances of frauds.
You can prevent yourself from getting cheated on UPI.
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Despite the fact that NPCI introduced this service, it was always up to the banks to make it available to their consumers.
Previously, NPCI had asked banks to comply in order for this feature to be enabled by December 15, 2021.
Currently, most banks require their customers to prove their identity using their debit cards.
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The value of transactions was Rs 7.71 lakh crore in rupees, and 421 crore transactions were completed in the month, both records.
The buying spree that marked the start of festival season, as well as e-commerce purchases, propelled the surge in October.
The average monthly growth rate of UPI transactions was 5.8% from March to September 2021.
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This feature is only available to customers who use the UPI payments service.
You no longer need to open your UPI app to scan a merchant's or receiver's QR code, since the task is now done by the camera.
However, you must continue to use UPI payment apps to complete the transaction.
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This feature is only available to customers who use the UPI payments service.
You no longer need to open your UPI app to scan a merchant's or receiver's QR code, since the task is now done by the camera.
However, you must continue to use UPI payment apps to complete the transaction.
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UPI payments had fallen to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials.
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