UNIFIED PAYMENTS INTERFACE
Paytm in talks with T Rowe Price for its funding round
The Vijay Shekhar Sharma-led company has been in the market since early this year to shore up funds amid mounting losses and growing competition in the digital payments sector.
WhatsApp close to meeting data localisation norms, payments service should be on in two months: NPCI
Many think WhatsApp can help India emula...
Bank to pay you Rs 100 per day penalty for delay in transaction beyond these limits
RBI has issued a circular on TAT harmonisation and custom...
JustDial fixes bug that allowed hackers access
A cyber security researcher, Ehraz Ahmed, uncovered the vulnerability, which was first reported by moneycontrol.com.
Udaan valuation soars to $2.8 billion post $585 mn funding
ON THE FAST LANE: Firm’s rise to Unicorn status makes a compelling case for SME digital disruption.
Paytm Payments Bank led digital transactions in July: Report
The bank has also on-boarded almost 1 million rural merchants in the same period.
No more discounts on credit card payment at petrol pumps
The discount was rolled out by state-owned oil cos to promote digital payments.
Google focus on Pay for next billion
Leveraging the user base of Google Pay, the Mountain View-based company has also launched a entry-level job service — Jobs Spot — for its users.
Tougher to get 800m who are not on UPI platform: Google VP, Next Billion Users & Payments
"We are so early in this game (that) we are really not focused on the competition. We are focused hard on our users," Caesar Sengupta said.
RBI announces new guidelines for 'failed' ATM transactions
Failure to resolve complaint within the stipulated time would make these lenders liable to pay customers Rs 100 for every delayed day.
Flipkart-owned PhonePe first non-bank to enable UPI-based IPO bidding
The overall customer base of UPI users is estimated to be more than 400 million.
NPCI slashes MDR for debit cards
As per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction. Presently, this is capped at 0.90% for transaction above Rs. 2,000 with higher cap of Rs 1,000 per transaction.
Morgan Stanley values PhonePe at $7 billion
This is the first time Phone-Pe’s valuation is being put out formally amid talks of its fundraise.
Payment platforms vie for merchant UPI transfers
PhonePe claimed it had recorded 90 million merchant transactions through the app in August alone.
What are the charges you need to pay for Aadhaar card update?
As per the circular, the new charges for updation of demographic details such as name, address and a biometric update will be Rs 50. Earlier it was Rs 25.
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