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CHANGES IN UPI 2023
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- A new IPO frenzy: Why is Bharat making a beeline for bourses?Retail chains from smaller Indian towns are planning to raise over Rs 7,000 crore through IPOs. These companies see capital markets as a fa...
- Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- Parle Melody: The ₹1 soft power twist Modi served to Meloni and the worldPrime Minister Modi's gift of a Parle Melody toffee to Italy's Giorgia Meloni symbolised India's evolving soft power. Beyond traditional ex...
- 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 ...
- Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
- Palo Alto Networks acquires Portkey; Tim Cook on Apple's India growthPalo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5.
- 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...
- 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 ...
- Fintech startup Kiwi secures $24 million from Vertex Ventures and existing investorsFintech startup Kiwi secured $24 million in funding led by Vertex Ventures Southeast Asia and India to launch credit lines on UPI. Kiwi, wh...
- New RuPay UPI credit card rules: NeuCoins you will earn from UPI transactions on Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024Here is a look at changes that will come into effect for the Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024, as per FAQs poste...
- 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...
- 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 ...
- UPI Tap and Pay to go live soon: Who can use, how to make payments using UPI tap and payCustomers will have Tap & Pay activated by default. It is not necessary to load funds in order to use the Tap & Pay payment method.
- Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes madeWith more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various us...
- Inactive UPI IDs will be deactivated by December 31, 2023 by payment apps: NPCIThe new circular issued by the NPCI asks the members of UPI (i.e., Third Party Service Providers and banks) to deactivate all the inactive ...
- Digital payment via UPI spikes on person-to-merchant transaction growth: ReportThe number of UPI transactions in January 2018 was 151 million, and it reached 9.3 billion in June 2023, primarily driven by the growth in ...
- The Rs 2,000 decision may boost consumption, enlarge banking liquidityInterestingly, the withdrawal of the Rs 2,000 note should not impact the payment ecosystem in India, which already has been revolutionised ...
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