Tag: UPI transactions

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

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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,” […]

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Data | Automation crushes bank hirings for clerical jobs, officers unaffected

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

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ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment On Wednesday, Business Standard reported that the Union Finance Ministry had asked the heads of public sector banks (PSBs) for a plan to […]

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