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UPI PPI FEE
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...- Zero platform fee, assured reward on every transaction as Paisabazaar app adds bill payment servicesPaisabazaar has launched a new feature allowing users to pay credit card bills, EMIs, and mobile recharges with zero platform fees and assu...
- Centre's no MDR stance derails fintech's UPI monetisation plansThe Finance Ministry’s denial of plans to reintroduce MDR on UPI payments has dampened fintech firms’ monetisation hopes, leading to a drop...
- ET Explainer: Behind UPI-first digital payment apps’ latest plan to revamp their mobile wallet operationsPaytm CEO Vijay Shekhar Sharma said the company is close to regaining its mobile wallet business after losing it due to RBI’s shutdown of i...
- Is RBI's CBDC initiative just another digital mirage?Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fin...
- Mobile wallets make a big comeback as numbers returnMobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are ente...
- What’s in NPCI’s wallet? A plan to unclog banking channelsThe National Payments Corporation of India (NPCI) and the mobile wallet industry are considering reducing the interchange fee for Unified P...
- Spurt in travel spurs credit card spends overseasOverseas credit card spending has surged significantly, outpacing increases in prepaid payment instruments (PPIs) and debit cards over the ...
- UPI boosts RuPay market share; cost pressure for gaming firmsHappy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasn’t kept up. This and ...
- Brokerage firms warn of ‘regulatory overhang’ around Paytm’s futureThe ‘regulatory overhang’ and ‘reputation harm’ can have a long-term bearing on the fintech firm’s overall business and profitability plans...
- Which UPI payments will attract interchange fee? Will you have to bear the cost?UPI transaction charges: NPCI has advised that UPI transactions made via prepaid instruments, such as wallets and cards will attract an int...
- Be wise & safe: Switch from UPI to UPI wallet for small paymentsTo begin with, the concept of mobile wallets is similar to physical wallets. You need to put some money in your mobile wallet through top-u...
- Govt may consider 0.3% fee to maintain UPI payment system & ensure financial viability: IIT Bombay studyThe study, which analyses the impact of the decision of the National Payments Corporation of India (NPCI) to introduce interchange fee on p...
- NPCI sets 1.1% interchange fee on UPI payments via prepaid instruments, walletsThe National Payments Corporation of India has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment ...
- The Great Indian UPI MigrationWhat could possibly have prompted this change of heart with regard to UPI merchant transactions? There could be two reasons. This may be a ...
- No charge on normal UPI transactions for customers, says NPCIThe NPCI reportedly said that using prepaid payment instruments (PPIs) - gift cards, wallets, among others - for transactions through UPI w...
- ChatGPT powered tools for consumer complaints in the works; draft online gaming rules to be notified soonIndian consumers will be able to register their complaints on the National Consumer Helpline (NCH) with the help of a ChatGPT-powered mecha...
- Paytm shares rise 3%. Here's what's driving the stockOne97 Communications which owns a 49% stake in Paytm Payments Bank (PPBL) said in a stock exchange filing on Monday that the payments bank ...
- Paytm extends full interoperability, allows wallet users to pay via UPI QR codesThis comes after the Reserve Bank of India (RBI) mandated all Prepaid Payment Instruments (PPI) like wallets to be interoperable with UPI a...
- RBI asks payment system stakeholders to submit feedback on digital payment chargesIn December last year the regulator had said that it will release a discussion paper on various charges levied by banks and institutions fo...
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