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UPI MISUSE
Contactless card payments on the rise as Indian shoppers swipe less, tap moreIndian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up ...- Citi leverages AI to transform payments, boost efficiency and enhance cross-border transactionsCiti is leveraging AI to revolutionize its payments business, enhancing developer efficiency by up to 40% and streamlining complex cross-bo...
- SBI asks over 52 crore customers to use alternate mediums to transact as staff call two-day strikeSBI customers are urged to use ATMs, customer service points, and online services like YONO and UPI. A two-day staff strike is planned for ...
- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- UPI underdogs seek fair play; WhatsApp tightens scam defencesSmaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech To...
- Husband takes Rs 25.06 lakh loan in wife’s name, runs off with car, jewellery & then seeks maintenance; HC slaps Rs 15 lakh cost on him for false affidavitA husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and fled with her car and jewellery. ...
- India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
- India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
- Did you donate to a political party or plan to do so in the future and claim an income tax deduction? New ITR forms require extra disclosure, check what to reportNew income tax return forms for Assessment Year 2026-27 demand greater detail on political party donations. Taxpayers seeking deductions un...
- No cash on toll plazas from April 10; government moves to end ID-based exemptionsThe Ministry of Road Transport and Highways is discontinuing cash transactions at toll plazas from April 10, mandating digital payments to ...
- Rs 6 crore seized as I-T turns up the heat on Hyderabad’s Biryani giantsHyderabad tax officials conducted extensive searches on Pista House, Shah Ghouse, and Mehfil biryani outlets. Investigators suspect signifi...
- Your parents, family members can use your UPI for payments via UPI Circle: Know how to use it on BHIM appNPCI BHIM Services Limited has introduced UPI Circle, a feature enabling users to delegate UPI access to trusted individuals. Primary users...
- UPI users alert! Banks & UPI apps to implement new mobile number verification rules from April 1, 2025NPCI issues new guidelines requiring banks and UPI apps to update mobile number records weekly to avoid errors from recycled numbers. From ...
- How not to get scammed while using credit cards or UPI credit linesRitesh Bhatia, a cyber security consultant, warns about two types of scams related to UPI transactions. The first involves the misuse of a ...
- Sebi introduces ASBA-like facility for secondary market tradingIndia's Securities and Exchange Board introduced a supplementary process for trading in the secondary market based on blocked funds in an i...
- Sebi proposes separating brokers from investors' moneyIn its consultation paper, Sebi said the proposed introduction of a blocking of funds facility for trading in secondary markets would allow...
- Private banks slap fees on use of UPI over 20x a monthAccording to a report published by Ashish Das by the Indian Institute of Technology (IIT), Bombay, banks are interpreting the law to suit t...
- Banks ask RBI to enable recurring payments feature in UPI 2.0The recurring debit feature was among the most anticipated by banks.
- No need of Western companies to solve problems for us: PaytmVasireddy also said that India needs to come out and strictly enforce data privacy laws to prevent misuse of customer data which should ide...
- Facebook user data abuse fuels fears over app payments infoIndustry groupings say they fear Indian consumers using these platforms could be at risk of getting their transaction data used for profit ...
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