Image used for representational purpose only. | Photo Credit: Kamal Narang Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments (PPI Wallets) on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” […]
Continue Reading
PhonePe ATM stickers outside a shop in Delhi. | Photo Credit: Getty Images. Bengaluru E-tailer Flipkart and PhonePe on Friday, December 23, 2022 announced the full ownership separation of PhonePe, a digital payments platform. As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe […]
Continue ReadingRBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits. Mr. Das was effusive in his praise for the digital payment system in his address at the conclusion of the three-day Monetary Policy Committee’s (MPC) meeting. “UPI has emerged as the best payment system anywhere in […]
Continue Reading
This virtual payment interface is an Indian technological success story, one which enables us to move around with an empty pocket barring a smartphone This virtual payment interface is an Indian technological success story, one which enables us to move around with an empty pocket barring a smartphone If you own a smartphone, you have […]
Continue Reading
The decision to seek approval for a new license comes after Paytm and Raheja QBE mutually agreed to discontinue the proposed acquisition of RQBE The decision to seek approval for a new license comes after Paytm and Raheja QBE mutually agreed to discontinue the proposed acquisition of RQBE Digital payments and financial services company Paytm […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
