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UPI REGULATIONS 2023
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...- Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
- 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...
- Daily UPI transaction limits increased: Now you can pay up to Rs 5 lakh if payments fall under these categories: check listUPI daily limit: The National Payments Corporation of India (NPCI) has increased UPI transaction limits for specific categories, effective ...
- UPI transactions in December rise 8% on month, 39% on yearThe value of these transactions totalled Rs 23.25 lakh crore, compared with Rs 21.55 lakh crore in the previous month, according to data re...
- RBI expands loan access; allows small finance banks to offer UPI-based credit linesThe Reserve Bank of India (RBI) has expanded the scope of UPI by allowing Small Finance Banks (SFBs) to offer pre-approved credit lines. Th...
- Razorpay launches UPI switch in partnership with Airtel Payments BankRazorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and enable five times faster access t...
- ETtech In-depth: Decoding the UPI growth story through the eyes of a duopolyIf the third largest UPI payment app further loses market share, there is a high chance that the likes of PhonePe and Google Pay will benef...
- NPCI eyes a more evenly sliced UPI pieAs of now, Walmart-backed PhonePe and Google Pay already control more than 80% of the UPI market between them, while Paytm has under 12%. H...
- UPI wouldn’t be possible if NPCI were not in Mumbai, says Dilip AsbeTalking about regulations, Asbe acknowledged RBI's guidance in creating responsible regulations around tech innovation to make the platform...
- Transferred money to wrong UPI linked mobile number? Here's how you can get it backTransfer of money to wrong UPI number: There might be a situation when a particular mobile number which was linked with unified payment int...
- Parliamentary panel flags dominance of foreign-owned UPI appsThe standing committee on communications and information technology has recommended the promotion of local fintech apps. It also said that ...
- UPI limit for payments to hospitals and educational services increased to Rs 5 lakh; when is this applicableAccording to information released by the National Payments Corporation of India (NPCI), the Unified Payments Interface (UPI) has surpassed ...
- RBI to map out bigger global play for local payments systemThe RBI's Payments Vision Document 2025 has already outlined expanding the global outreach of UPI and RuPay cards as one of the key objecti...
- UPI for NRIs with international mobile numbers: Who can use, how to use, how it will benefit, explainedUntil recently, an NRI would require a valid Indian mobile number to set up a UPI ID for any application. But, now NPCI has allowed NRIs li...
- UPI payment for international travellers: Eligibility, documents required, other key details to knowThe Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments whe...
- Soon, these NRIs can use UPI with their international mobile numbersThe National Payments Corporation of India (NPCI) has allowed UPI platforms to onboard non-resident accountholders (NRE/NRO accounts) from ...
- NPCI to moderate onboarding on UPI apps if 30% limit nearsNPCI to organise consultations with stakeholders over the next 45 days on the proposed move to curb dominance in the digital payments space
- Big Tech's UPI cap expected to nurture ecosystem, peersRegulatory intent behind NPCI’s 30% market share limit for apps is to level the playing field for all participants, but enforcement may be ...
- UPI market share cap not a good idea: PhonePeIn August, UPI saw 1.6 billion payments and it's expected to grow further this year.
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