The FinTech Hub
Source: Live Mint National Payments Corporation of India (NPCI) via its latest circular has introduced new limits for UPI LITE in line with the RBI’s announcement last year. As per the RBI’s notification on Dec 4, 2024, UPI LITE limits were raised to ₹1,000 per transaction and ₹5,000 became the total limit. Replenishment of used…
Source: Live Mint With gold prices rising rapidly, there are investors who are contemplating investing into the precious metal with an intent to earn profits in the near future. While most investors use a debit card or UPI payments to buy gold, some also prefer to use credit cards for these payments as well. However, is it…
Source: Live Mint National Payments Corporation of India (NPCI) has rolled out a new rule with regards to UPI Lite which will come into force from April 1, 2025. By releasing a new circular, the retail payments and settlement systems company has directed all banks to implement ‘Transfer Out’ functionality. NPCI’s circular also states that…
Source: Live Mint There is no denying the fact that Unified Payment Interface (UPI) has become quite pervasive and it is relied upon for most sundry transactions. In the past few years, most youngsters have switched from debit and credit cards to digital payments via UPI. The latest NPCI data suggests that UPI achieved a…
Source: Live Mint The Reserve Bank of India (RBI) has recently stated that credit surge in India has more than doubled in the last five years. The total number of credit cards have reached a staggering 10.80 crore by December 2024, in comparison to 5.53 crore in December 2019 as detailed in a report by Press Trust…
Source: Live Mint Once a user starts using a UPI credit card, it becomes a daily habit. This is why UPI payments are a huge market to tap into with its size almost three times the size of the credit card market, Riya Bhattacharya, founder of a fintech startup Rio Money tells MintGenie in an…
Source: Live Mint Gone are the days when a loan seeker had to literally run from pillar to post to procure a personal loan. Now with a barrage of loan options to choose from, consumers do not need to rely on a large financial institution alone. Besides a large bank, one can also approach an NBFC…
Source: Live Mint If you are quite accustomed to making all your sundry payments via Unified Payments Interface (UPI) app and are unsure of changing this habit of yours to embrace credit card in the foreseeable future, then you may explore the idea of using UPI credit cards. These are the cards that are used…
Source: Live Mint The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India (NPCI) has issued a circular telling the members (including banks and service providers) to ensure that the new limits are adhered to….
Source: Business Standard The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February. (Photo: PTI) 2 min read Last Updated : Oct 11 2024 | 4:42 PM IST The Reserve Bank of India on Friday asked banks to review their payment systems to ensure easier…
