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BHIMUPI
No merchant discount rate on UPI transactionsThe finance ministry has firmly stated its commitment to promoting digital payments through UPI, clarifying that there will be no merchant ...- A ₹1,500 crore boost for low-value UPI paymentsThe Union Cabinet approved ₹1,500 crore allocation to promote low-value UPI transactions, offering 0.15% incentives for transactions up to ...
- Cabinet approves Rs 10,601 cr Assam's Namrup fertiliser plant proposed in Union BudgetThe Union Cabinet, led by PM Modi, has approved the establishment of a new brownfield ammonia-urea plant in Namrup, Assam, costing Rs 10,60...
- Now you can share UPI ID with family, friends: A step-by-step guide on how to use UPI CircleUnified Payment Interface (UPI): Now you can share your UPI access with someone even if they don't have a bank account linked with UPI. “UP...
- Govt notifies incentives for promoting PoS, e-commerce transactions using Rupay, BHIM"This incentive scheme will promote digital payments by incentivising banks to build a robust digital payments ecosystem and to promote RuP...
- GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactionsUnder the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incenti...
- 'Sops for RuPay, BHIM-UPI are subsidy, not taxable'The Central Board of Indirect Taxes and Customs (CBIC) Friday clarified that incentives paid by the Ministry of Electronics and Information...
- Paytm to be key beneficiary of UPI incentive scheme, may cash in 5-7% of total: Morgan StanleyThis report by the firm came right after the Union Cabinet on Wednesday approved the incentive scheme with a financial outlay of Rs 26 bill...
- Nepal adopts India's UPI for digital transactions"Many countries praised the CoWin app, which was created for vaccination during the first COVID period and Nepal has now adopted India's UP...
- No public sector bank faced loss in three quarters to Dec'21 of this fiscal"No PSB has suffered losses in the current financial year up to December 31, 2021. During the said period of the first three quarters of th...
- Karnataka Bank gets MeitY award for highest Bhim-Upi transactions for two yearsMeitY & Railway Minister Ashwini Vaishnaw and MoS, IT & Skill Development Rajeev Chandrasekhar presented the award to bank’s General Manage...
- UPI records phenomenal growth, other nations keen to learn from Indian experience: Financial Services Secretary Debasish Panda"We are very pleased to see that happening in our country. The UPI platform has actually transformed (financial transactions) and a lot of ...
- Launch of BHIM-UPI in Bhutan to further strengthen bilateral ties: FM Nirmala SitharamanThe service was formally launched by the Finance Minister at a virtual ceremony in the presence of Minister of State for Finance Bhagwat K ...
- Annual budgetary support of Rs 2,500 cr needed to support cashless payments via BHIM-UPI: ReportObserving that consumers have to often pay convenience fee on payments made through digital mode, the report said, "RBI should refrain from...
- UPI needs budgetary support of Rs 2,500 crore to expand: IIT Bombay reportThe government can nudge e-commerce merchants and encourage them to offer a discount for payments made through BHIM UPI, argues Ashish Das,...
- Government needs to cap MDR on debit card at 0.6% to promote digital transaction: ReportThe study done by the Indian Institute of Technology Bombay further suggested that there could be an upper ceiling of Rs 150 for a prescrib...
- View: How India is leading digital revolution with speed and scaleIndia’s ‘New Economy’ is augmenting jobs rather than replacing them. Ride-sharing industry is one example.
- Digital payments volumes rise threefoldThe number of digital payment transactions zoomed 207 per cent to 244.81 crore in August 2018 as compared to 79.67 crore in October 2016, i...
- Now, Mobikwik takes a swipe at ‘unfair’ UPIIn a blog post published by chief executive Bipin Preet Singh, Mobikwik raised its voice against a government-sponsored cashback-scheme on ...
- Government moots 6-point formula to boost digital paymentsThe departments were told that saturating and bringing all merchants on board the Bhim-UPI QR platform is “a very imerportant activity”.
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