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CASH TRANSACTIONS VS UPI
UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey findsPayments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switc...- Indian travellers in Dubai can get up to AED 100 off at Dubai Duty Free using UPIIndian travellers can now enjoy a 10% discount at Dubai Duty Free by using India's UPI for payments. This initiative, introduced by NPCI In...
- Lost money to a UPI scam? The first 3 days could decide how much you can recoverIn the blink of an eye, UPI scams can wipe out your bank savings, but there's hope for victims. The Reserve Bank of India stands ready to s...
- Over half of street vendors may cut UPI acceptance if 0.4% MDR is introduced: ISB studyMore than 67% of street vendors in India currently accept UPI payments for transactions. A proposed 0.4% merchant discount rate could lead ...
- Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...
- OneStack raises Rs 12.5 crore to take cooperative banks deeper into UPI ecosystemOneStack, a fintech provider, secured ₹12.5 crore funding to enhance cooperative bank participation in UPI payments. The funding will help ...
- Is there shortage of Rs 10, Rs 20 and Rs 50 currency notes this Diwali? RBI clarifiesThe Reserve Bank of India has reassured the public that there will be an ample supply of currency notes for the upcoming Diwali festival. T...
- MobiKwik expects MDR on UPI to add Rs 100 crore to payment revenue in FY28On its second-quarter earnings call, the company’s management said the implementation of UPI MDR would improve payment unit economics and c...
- IDBI Bank strike on November 2 and 3, 2026: Bank advises customers to use digital channels; removes fee on non-IDBI ATM withdrawalsIDBI Bank strike today: IDBI Bank employees initiated a two-day strike on November 2 and 3, 2026, opposing the sale of the bank's majority ...
- Government giving Rs 8,000 as diwali bonus? PIB responds to viral claimThe Press Information Bureau issued a warning about fraudulent WhatsApp messages claiming an Rs 8,000 Diwali bonus. These messages ask reci...
- Fintechs fortify cyber defences; Logistics cos in the speed laneHappy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morni...
- Festive spending drives record UPI transactions in OctoberUPI processed transactions worth Rs 31.53 lakh crore during the month, a 16% rise from a year earlier and the highest on record, signalling...
- Delhi mother receives call saying her son has been kidnapped, kidnapper demands Rs 40,000 for release, police track his UPI ID and rescue the boy within three hoursDelhi Police rescued a 13-year-old boy within three hours after a man allegedly kidnapped him and demanded Rs 40,000 from his mother. Offic...
- UPI payments expanded to online bookings at tourist attractions in UAE, SingaporeIndian travellers can now use UPI apps to book tickets online for major attractions in the UAE and Singapore, including Burj Khalifa's At t...
- ET AI Business Transformation Masterclass & Awards: Inside the future of agentic paymentsSynopsis: AI tools are all set to perform tasks that go beyond answering questions or making recommendations. A live demonstration at the E...
- Pine Labs Q2 net profit surges over six-fold to Rs 39 crore; revenue rises 24%Pine Labs has shown impressive growth with a net profit reaching Rs 38.57 crore in the September quarter. The company's revenue from operat...
- Pine Labs shares jump 7% as Q2 net profit soars 543% YoY to Rs 39 crorePine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 cror...
- Bank holiday tomorrow, October 29: Are banks closed for Karwa Chauth? Check city-wise detailsBanks in India will generally remain open on Thursday, October 29, for Karwa Chauth celebrations. Only bank branches in Shimla, Himachal Pr...
- Digital payments mandatory for liquor purchases above Rs 1,000 in Tamil Nadu from November 1: Check what changesTamil Nadu’s state-run TASMAC will make digital payments mandatory for liquor purchases exceeding Rs 1,000 from November 1. Customers can p...
- UPI Payment failed or stuck? When banks must refund your money and pay ₹100 per day in compensationHave you ever faced a situation where a UPI payment was debited from your account but not received by the recipient? Discover the steps to ...
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