UPI transaction limit: Anupam Mittal, Shark Tank judge and CEO of People Group, has raised a complaint against the Unified Payments Interface (UPI) transaction limits on the State Bank of India platform. In a post on X, which was named Twitter before this, Mittal noted that many merchants have been facing UPI limit errors for … Read more
The National Payments Corporation of India (NPCI) has yet again added a new feature to the Unified Payments Interface (UPI) platform. The new feature, UPI Circle-Delegate Payments, will help primary holders of UPI accounts to delegate transaction rights to secondary users. The main goal is to create a common platform that simplifies and enhances transactions … Read more
Digital payments platform PhonePe has recently launched a new feature called ‘pre-approved term life insurance’ on its platform. According to a statement released by PhonePe, this innovative feature aims to enhance the accessibility of insurance coverage for millions of individuals in India. PhonePe’s new initiative is aimed at revolutionising financial inclusion in India. The step … Read more
Last month MobiKwik launched its new feature ‘Pocket UPI’ through which it aims to transform how users handle their finances and perform Unified Payments Interface (UPI) transactions. For digital payments, you either use UPI linked to bank accounts or linked to the wallet. Pocket UPI enables users to carry out instant UPI transactions via their … Read more
Mobile wallets are gradually gaining popularity in India and it is projected that the digital payment mode will cross traditional methods like cash and cards in the coming years. GlobalData, a leading data and analytics company, in its report, said mobile wallets and their usage is expected to grow at a compound annual growth rate … Read more
Mumbai, Digital payments across the country registered a growth of 10.94 per cent in a year through March 2023, as per RBI‘s index that measures the adoption of online transactions. RBI’s Digital Payments Index (RBI-DPI) stood at 418.77 at end-September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023. “The RBI-DPI index … Read more
With increasing reliance on digital transactions, the Unified Payments Interface (UPI) has become a popular and convenient method for money transactions. However, this convenience also comes with the risk of fraud. As we step into 2024, it’s crucial to be proactive in protecting financial information and ensuring a secure digital payment experience. There are several … Read more
“Well, I would not generalise the issues to a start-up ecosystem. I will say that find a pattern, figure out what the pattern is. So let us not take, that we live in Delhi, and Delhi has a label of bad city, but that is not true,” says Vijay Shekhar Sharma, CEO, Paytm.What have been … Read more
New Delhi: Mar 6 (PTI) Digital financial services firm One97 Communications which owns the Paytm brand on Monday announced it has signed an agreement with the Andhra Pradesh government to drive initiatives in financial inclusion, public health, and cyber security. The Memorandum of Understanding was inked on the sidelines of the Andhra Pradesh Global Investors … Read more
From 12% of the GDP in FY16, currency usage slumped to 8% in FY17 following demonetisation, and has been gradually rising since. Synopsis Experts attributed higher cash storage to various factors: Withdrawal of benefit payouts and subsidies from Jan Dhan accounts, better agriculture output and farm-gate receipts, and even a statistical base effect. To be … Read more