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UPI PAYMENT FAILED REFUND
Real-time payments explained: How money moves between bank accounts in secondsReal-time payments allow money to move between bank accounts within seconds, making transactions faster and more convenient for consumers a...- Flight to Jaipur cancelled the night before travel, man forced to hire a taxi for Rs 19,500 in morning, Indigo ordered to pay Rs 14,350A Chandigarh lawyer spent Rs 19,500 on a taxi to reach Jaipur after IndiGo cancelled his flight the night before a court appearance. The co...
- 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 ...
- Over 1000 flights delayed, 58 cancelled in US on Thursday amid bad weather: What travellers need to know about refund rulesFlight interruptions have gripped the United States as severe weather affects several key airports. Gusty winds in Boston and New York have...
- Rs 77,538 spent from a man's ATM card for shopping in Philippines while he had it with him in India, court orders bank to refund only Rs 41,852Manoj Shukla was in India when Rs 41,852 was debited from his bank account for a department store transaction abroad on December 9, 2016. A...
- I4C warns of rising financial fraud involving deepfake PM Modi videos, fake welfare schemes, cashback scamsThe Indian Cyber Crime Coordination Centre has warned about rising fraudulent advertisements on social media platforms. These deceptive ads...
- Flipkart-backed Super.money’s FY26 revenue triples to Rs 292 crore but loss widens 78%Consumer-facing UPI apps such as Super.money spend heavily on marketing to acquire customers before monetising them through credit and comm...
- Phone stolen in metro crowd, Rs 57,000 lost within an hour; SIM card used to take money from bank accounts without unlocking the deviceA phone worth Rs 60,000 was reportedly stolen in a metro crowd, followed by a loss of Rs 57,000 from a bank account within 45 minutes. A po...
- Axis Bank's Freecharge gets in-principle RBI nod to operate as payment aggregatorAxis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Fre...
- Man books IRCTC railway room for Rs 333, finds Indian toilet instead of Western; gets Rs 20,000 compensationA 72-year-old man who booked a Rs 333 retiring room at Chittorgarh railway station found an Indian toilet instead of the western toilet lis...
- Jio IPO: Reliance’s newest listing meets a market its 1977 investors wouldn’t recogniseJio is set to enter a competitive market with its IPO, which marks Reliance's first offering since 2006. The shift from physical share cert...
- UPI MDR deferment gives D2C brands festive-season margin reliefThe new MDR framework on UPI was expected to impact D2C brands operating in low-margin categories such as consumer electronics, fashion and...
- India, “a dynamic market growing rapidly”, is a long-term commitment for AdyenIndian businesses are going global, and international players are turning towards India. Adyen, with its global platform and local expertis...
- UPI MDR rollout deferred beyond Diwali; date yet to be notifiedNPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-fu...
- UPI MDR rollout deferred until after DiwaliUPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date ...
- Paytm, Pine Labs, Mobikwik shares crash up to 7% as UPI MPR fee rollout delayed beyond DiwaliShares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Di...
- Bank customer spots huge unknown deposit in account, receives a call pressuring him to return it immediately, ends up approving even higher amount; warns SBIState Bank of India (SBI) has warned customers about the ‘Jumped Deposit Scam’, in which fraudsters use unexpected bank credits and urgent ...
- IIT-Bombay study bats to cut MDR to 0.08 pc from 0.4 pc, exclude banks from taking bulk shareA report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to improve the ecosystem. The current...
- UPI MDR framework needs rationalisation to protect public trust: ReportUPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long...
- UPI MDR framework needs rationalisation to protect public trust: IIT Bombay reportThe report cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressi...
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