Upi News
RBI increases UPI Lite and UPI 123Pay Limits: What it means for you
The RBI has maintained its key interest rate at 6.5% for the tenth time, as announced by Governor Shaktikanta Das. The MPC also raised the per transaction limit to ₹10,000 and enhanced UPI Lite wallet and transaction limits
2 min read10 Oct 2024Investors must use UPI to block funds for buying debt securities up to ₹5 lakh: Sebi
Markets regulator Sebi has issued a new directive stating that all individual investors applying for public issues of debt securities through intermediaries for amounts up to ₹5 lakh should only use UPI to block funds.
1 min read25 Sep 2024’Swag’: Union Minister Ashwini Vaishnaw reacts to Bengaluru auto driver’s ’smart’ UPI payment method
Union Minister Ashwini Vaishnaw, posted on his social media platform X reacting to a Bengaluru autorickshaw driver’s photo viral on Instagram using an innovative way to do a digital transaction on Saturday, September 22.
1 min read22 Sep 2024Three out of four users will stop using UPI payments if transaction fee is introduced: Survey
A LocalCircles survey report showed on Sunday, September 22, that 75 per cent of the Unified Payments Interface (UPI) users sampled will stop using the payment mode once the transaction fee has been implemented.
1 min read22 Sep 2024Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details
NPCI revised the limit to ₹5 lakh for payments of tax, hospitals & educational services and payment for IPO and G-Secs
1 min read15 Sep 2024UPI: The world’s favourite payment method hits $964 billion in record time
Unified Payments Interface (UPI) processed ₹80.8 lakh crore ($964 billion) in April-July 2024, marking a 37% year-on-year increase. UPI has become the world’s leading alternative payments method, surpassing Alipay, PayPal, and Brazil’s PIX in transaction volume.
3 min read30 Aug 2024Zeta has razor-sharp focus on credit on UPI in India: CEO Bhavin Turakhia says, after aggressive expansion spree
This follows an aggressive expansion period for Zeta, when the company targeted entering 30 countries and newer verticals after getting its first institutional funding of $250 million from SoftBank Vision Fund 2 at a valuation of $1.45 billion in 2021.
3 min read30 Aug 2024Nervous about going public with 30% market-share cap looming: PhonePe’s Sameer Nigam
I don’t want to go public based on today’s numbers and market share until I can actually look you in the eye and say, buy my shares, says Sameer Nigam
2 min read28 Aug 2024Transferred money to the wrong UPI ID? Here’s how to recover it fast
To recover funds sent to the wrong UPI ID, contact your bank or UPI provider immediately with transaction details
3 min read24 Aug 2024Flipkart Group’s new payments app—super.money—eyes first-time borrowers
Flipkart completed a full separation from PhonePe in December 2022, allowing the e-commerce and the payments app to grow independently with Walmart Inc. as the majority shareholder in both entities.
2 min read21 Aug 2024Popular 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