[ad_1] The Reserve Financial institution of India (RBI) lately proposed bettering the prohibit of UPI transactions undertaken for scientific or healthcare and academic services and products from ₹1 lakh to ₹5 lakh in keeping with transaction. Additionally learn: MPC maintains establishment on repo price at 6.5% “The prohibit for more than a few classes of […]
UPI transaction quantity, price soar 8% in Oct on competition spending
[ad_1] Transactions at the UPI (Unified Bills Interface) community surged over 8 in step with cent in October at the again of competition season-led spending, crossing the milestone of one,100 crore transactions right through the month. The choice of transactions stood at 1,141 crore, upper than 1,056 crore in September and the sooner report of one,058 […]
Proxgy launches ‘UPI watch’ for boulevard distributors
[ad_1] Proxgy, an leading edge IoT answers corporate, has introduced Kadi, a UPI look ahead to hawkers and boulevard distributors who paintings in much less formal settings, frequently with out electrical energy and even shelf area. Priced below Rs 1,000, Kadi guarantees to take virtual transactions to far-flung and far off spaces. Pulkit Ahuja, founding […]
BoB allows QR-based money withdrawal in its 6,000 plus UPI ATMs
[ad_1] Financial institution of Baroda (BoB) has enabled UPI ATM facility, which can permit QR-based money withdrawals, at its over 6,000 ATMs around the nation. The Financial institution, in a remark, stated it’s the first public sector financial institution to release UPI ATMs, in coordination with the Nationwide Bills Company of India (NPCI) and powered via […]
RBI, NPCI introduce credit score traces on UPI, conversational bills
[ad_1] RBI Governor Shaktikanta Das, on Wednesday, introduced new UPI options, evolved by way of Nationwide Bills Company of India (NPCI). The product choices come with Credit score Line on UPI; UPI Lite X; Faucet & Pay; Hi! UPI; and BillPay Attach. The central financial institution had, on Monday, introduced credit score traces on UPI to extend get […]
UPI and virtual tendencies shaping the way forward for bank card trade, says Parag Rao of HDFC Financial institution
[ad_1] What are the few issues that the embargo on bank cards industry helped you know? We had been leaders in relation to percentage and enlargement and we nonetheless are. The embargo helped us take a pause and glance again the place we had been. We relooked at our methods. We greater than doubled our […]
UPI transactions pass 1,000 crore milestone in August
[ad_1] The Unified Bills Interface (UPI) community breached the milestone of one,000 crore transactions per 30 days in August 2023, processing a file 1,058 transactions. The platform had crossed 900 crore transactions per 30 days in Would possibly 2023. The choice of transactions had been upper by way of 6.2 in line with cent from the […]