Nearly half of India’s online orders are still COD. Why cash on delivery isn’t fading in the UPI eraCash on delivery continues to drive India's online shopping. Many first-time buyers, especially in smaller towns, prefer to pay after recei...
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...
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...
RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...
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...
Sebi mulls allowing gift cards, prepaid instruments to invest in mutual fundsMarkets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual fund...
Hack of the Day: How to claim compensation for failed UPI payments?Hack of the day: Learn how to claim a refund and possible compensation for failed UPI payments in India. If a UPI transaction fails but mon...
Did wrong UPI transaction on Paytm, Google Pay or PhonePe? Here’s how you can recover your money step by stepAn individual can request the recipient to return the money or seek help from their bank or UPI app to try to recover the amount through fo...
Cashfree Payments’ UPI Switch to help small businesses reduce risk and create space for innovationThe tool allows merchants to access new UPI versions and features as they are launched, along with improved fraud prevention capabilities.
Failed WhatsApp UPI transaction? Here’s how to get your money backThere are chances that your UPI payment may get stuck or payment won’t be received by the recipient even after debiting from your account.
7 latest highly deceptive online scams; how to identify them and protect your moneyOnline scam and how to protect yourself: If you are not aware of their latest methods and tricks, you can easily fall into their trap, resu...
RuPay Credit Card on UPI is now available for Axis Bank customers: Step-by-step guide to linkAfter Punjab National Bank, Union Bank of India, Indian Bank, HDFC Bank, and Canara Bank, Axis Bank is the sixth bank to introduce Rupay cr...
SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holdersA report by IIT-Mumbai said that during April 2017 to September 2020, SBI had collected over Rs 254 crore towards at least 14 crore UPI/ Ru...
ICICI Bank, Axis Bank remove UPI transaction charges from websites but these banks have notPrivate sector lender, ICICI Bank mentions ‘NIL’ under charges for UPI transactions on its website. The Axis Bank website shows an error me...
Banks cautioned against imposing levies like MDR on electronic transactionsCentral Board of Direct Taxes has also directed banks to refund charges since January 1, 2020, collected on transactions carried out using ...
Airlines, OTAs battle fraud alerts, hoax calls to customers seeking refundsIndia's biggest OTA MakeMyTrip has issued alerts to its customers stating there are attempts being made by fraudsters to seek bank account ...