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MERCHANT REJECTION OF UPI
RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...
- PhonePe takes its diversification to Dalal StreetPayments still power scale. But its updated draft red herring prospectus (UDRHP) shows that PhonePe’s monetisation story lies elsewhere.
- Unexpected taxes: Are small merchants in India rejecting UPI due to GST overreach?Small merchants in India are rejecting UPI payments. They prefer cash due to GST concerns. The govt uses UPI data to levy GST. Merchants fe...
- Now hiring: AI trust roles; Tough road ahead for TeslaLarge Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.
- Disputed UPI transactions: Expect a faster resolution from February 15, as NPCI revises this ruleUPI transactions: Ever had to put a chargeback request for disputed Unified Payment Interface (UPI) transactions? You would be happy to not...
- UPI transactions will not work from February 1, 2025 if the app used for transactions uses special characters for transaction IDUPI to stop working from February 1, 2025? The National Payments Corporation of India (NPCI) has said "it has been decided not to allow any...
- View: Despite concerns over proposed fees, UPI’s sustainability depends on fair merchant chargesThe National Payments Corporation of India (NPCI) will implement new merchant fees for UPI transactions above ₹2,000 starting October 16. T...
- Mobikwik’s Zaakpay partners with Meta to offer payments on WhatsAppUsers can make payments using MobiKwik Wallet, ZIP and Pocket UPI, offering flexibility to suit individual payment preferences.
- Supreme Court dismisses PhonePe's appeal over trademark dispute with DigiPe FintechSupreme Court dismissed PhonePe's appeal against DigiPe's trademark use. The court noted other companies with similar 'Pe' suffix. The ongo...
- UPI transaction fee debate resurfaces as PhonePe & Google Pay cash in on Paytm's fallThe dominance of PhonePe and Google Pay in the UPI market has sparked discussions about introducing fees on merchant transactions. Fintech ...
- View: RBI is not fit to regulate digital paymentsIt appears that RBI has sought to make an example of Paytm, without considering the impact this has on merchants and consumers. Unfortunate...
- Mobikwik’s Zaakpay gets in-principle nod from RBI for payment aggregator licenceThe central bank had rejected Zaakpay’s application for a payment aggregator licence last year. ET had reported earlier, citing sources, th...
- PILs against operations of Google Pay dismissed by HCThe Delhi High Court has rejected two public interest litigations seeking directions to cease the operations of Google Pay for alleged viol...
- PhonePe taps merchants in big lending pushAfter its planned acquisition of ZestMoney fell through, PhonePe is focussing on merchant lending. After a pilot with some 20,000 disbursed...
- RBI grants payment aggregator licence to 32 entities; Paytm Payments Bank launches UPI LiteA total of 32 entities have received in-principle approval for payment aggregator licence from the Reserve Bank of India. The list includes...
- Linking cards with UPI poses challenges; govt to meet VPN firms today & e-commerce sales are backOn Wednesday, when the Reserve Bank of India announced that users of the Unified Payments Interface would soon be able to link their credit...
- HDFC Bank updates UPI terms and conditionsThe Terms and Conditions for HDFC Bank's Unified Interface Payment System have been revised, according to the bank's website.
- 100 bankers said no to Razorpay before one finally backed itWith $20 million in funding in a recent round, primarily from Tiger Global, they plan to double their 150-member team this year.
- You can't wish away cards and PoS, card cos tell Niti Aayog chiefAmitabh Kant, during his address at the Pravasi Bharatiya Divas in Bengaluru, said cards would lose their relevance as Indians will make tr...
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