The Finance Ministry has issued a clarification stating that there is “no consideration” to levy any charges for United Payment Interface (UPI) services. The ministry issued this statement on its official Twitter account after there was confusion when the Reserve Bank of India (RBI) asked for public feedback on UPI payments and charges. The ministry […]
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Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS The Finance Ministry on Sunday called UPI services a ‘digital public good’ and asserted that the government is not considering levying charges for them, four […]
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RBI had earler, floated a paper on levying charges for payment systems including UPI, NEFT and IMPS RBI had earler, floated a paper on levying charges for payment systems including UPI, NEFT and IMPS The Finance Ministry on Sunday called UPI services a ‘digital public good’ and asserted that the government is not considering levying […]
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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 […]
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What are the primary motivations behind this move? Will the proposed linking increase the scope of the Unified Payments Interface? What are the primary motivations behind this move? Will the proposed linking increase the scope of the Unified Payments Interface? The story so far: The Reserve Bank of India (RBI) has proposed to allow linking […]
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