Upi News
‘Completely false, misleading…’: Modi govt denies levying GST on UPI transactions above THIS amount
GST on UPI payments? Denying media reports that the government is considering levying a tax on UPI transactions over ₹2,000, the finance ministry said they are completely false, misleading, and without any basis.
2 min read18 Apr 2025GST on UPI transactions over ₹2,000? Here’s what you need to know
GST on UPI payments: The finance ministry termed the reports ‘completely false, misleading, and without any basis’, strongly denying the claims of levying GST over UPI transactions above ₹2,000.
2 min read19 Apr 2025UPI Payment Down Today: Digital payments body NPCI says ‘working to resolve issue’
UPI Payment Down Today: UPI services faced a significant outage on April 12, affecting users over multiple payment platforms like Paytm, Google Pay, PhonePe, etc. NPCI is working on resolving the sudden ‘technical issue’ as per the official post.
2 min read12 Apr 2025UPI transactions soar in FY25 but fall short of govt’s target; all eyes now on MDR charges
Last month, the Union Cabinet approved an incentive scheme for UPI transactions for FY25, where it estimated an outlay of ₹1,500 crore for incentivizing low-value peer-to-merchant (P2M) UPI transactions of upto ₹2,000 for small merchants.
6 min read4 Apr 2025NPCI arm launches new Bhim 3.0 app to focus on customer satisfaction, collaboration
As of February end, Bhim had processed 42 million transactions worth ₹ 8,731.10 crore.
2 min read25 Mar 2025EPFO claim processing via UPI to become a reality soon? Here’s what you need to know
EPFO claims: EPFO has established a centralized database. The next step is to incorporate UPI into the system. Officials have received suggestions from the NPCI regarding the integration
2 min read25 Mar 2025Paytm investors should look beyond UPI incentives blip
Investors should not focus solely on UPI incentives because Paytm is not looking at income from payment processing alone and exploring other revenue streams.
3 min read24 Mar 2025Centre approves ₹1,500 crore incentive for UPI transactions: What is it? Who will benefit? All you need to know
The UPI incentive extension is applicable to transactions of up to ₹2,000 for small merchants. Here is everything you need to know about the extension of the ₹1,500 crore incentive to promote UPI transactions.
2 min read20 Mar 2025UPI alert! Banks to roll out these changes from April 1 onwards
The new rules state that the banks and payment service providers are supposed to update their list by removing the numbers which have been disconnected to surrendered.
1 min read4 Mar 2025UPI Lite’s THIS feature to come into force from April 1; check details here
Transfer out functionality is a new feature which will enable users to withdraw funds from their UPI Lite balance to the source bank account from which it was loaded without disabling UPI Lite.
1 min read26 Feb 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared