According to data released by the NPCI, the total amount of the UPI transactions declined 6.47% in February to INR 21.96 Lakh Cr from INR 23.48 Lakh Cr in January However, the average daily ...

The Union government is mulling over the reinstatement of merchant charges for unified payment interface (UPI) transactions and RuPay debit cards, The Economic Times reported. The banking industry ...

UPI transactions in January surpassed 16.99 billion, and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in any month, the Ministry of Finance said on Thursday.

The government is considering reintroducing merchant fees on UPI and RuPay transactions for businesses with over Rs 40 lakh turnover. A tiered pricing system is proposed, with potential impacts on ...

The government is reportedly considering a proposal to reinstate merchant discount rate (MDR) charges on Unified Payments Interface (UPI) and RuPay-powered debit card transactions, particularly ...

While the Flipkart-backed fintech processed 13.9 Cr UPI transactions in the month of February, CRED processed 12.6 Cr transactions. As per the National Payments Corporation of India’s (NPCI ...

As per the RBI’s notification on Dec 4, 2024, UPI LITE limits were raised to ₹1,000 per transaction and ₹5,000 became the total limit. Replenishment of used limit will be allowed only in ...

The UPI incentive extension is applicable to transactions of up to ₹2,000 for small merchants. Here is everything you need to ...

The payment process mirrored the familiar experience of domestic UPI transactions. Arun said, “The actual payment process was smooth, exactly like I would do a UPI transaction back home.

March has proven to be landmark month for UPI with daily value of transactions crossing Rs 1 lakh crore for the first time. On March 1, UPI clocked Rs 1,01,628 crore worth of transactions.

UPI LITE is a new payment solution that enables low value transactions below ₹500. T National Payments Corporation of India (NPCI) has rolled out a new rule with regards to UPI Lite which will ...

The industry believes they should also pay for UPI and RuPay debit card transactions. “The logic is that if large merchants who have card machines are paying MDR on other payment instruments ...