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 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 […]
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Festive season sales, and a rise in consumption after the pandemic have helped the Bengaluru to take the top spot in digital payments transactions, said the study. | Photo Credit: Getty Images/iStockphoto Netizens in the tech capital of India have made 14.82 million digital payment transactions in the January to October 2022 period, the highest […]
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