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UPI TRANSACTION REJECTION
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...
- 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...
- 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...
- NPCI reports intermittent UPI transaction rejections; attributes it to financial year closingNPCI announced occasional UPI transaction declines due to financial year-end closing. NPCI said that the system is now stable, with banks w...
- IRDAI launches Bima-ASBA via UPI to make insurance premium payment easier when you buy a policyThe new payment mechanism, aims to streamline the payment process for life and health insurance policies, will be effective from March 1, 2...
- 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...
- 5 money changes in February 2025 you should know: Credit cards, savings account rules, UPI changes and moreSeveral financial changes are expected in February 2025, including revisions to IDFC FIRST Bank credit card terms, UPI ID regulations, and ...
- 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...
- 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 ...
- Attention SBI customers: State Bank of India on why you are facing UPI snagsSBI UPI: If you are a State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI ha...
- 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...
- NPCI cracks down on unregulated co-branding deals by PPIsIn a note, the NPCI has asked PPI issuers to stop such services with immediate effect and close down existing wallets by June 30
- 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...
- 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.
- Compensation you get for poor services offered by insurers, banks, mutual funds, tax departmentDid you know that financial services providers like banks, insurers and fund houses have to pay a penalty to you if they don't meet deadlin...
- Many retail investors unable to navigate payments platform, miss out on Affle IPOBankers said many investors have struggled to operate the UPI platform.
- 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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