The FinTech Hub
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Monday mandated all qualified stockbrokers to provide their clients with a unified payments interface (UPI) for blocking funds or a 3-in-1 trading system to trade in the secondary markets. From 1 February 2025, all qualified stockbrokers must offer either the UPI-blocked trading facility…
Source: Live Mint With the prevalence of digital payments, it is quite common among the public at large to use a unified payment interface (UPI) service for a slew of transactions. Be it for paying your food bill or your cab, for shopping or for the fuel bill, making payment digitally is seen as convenient….
Source: Live Mint MUMBAI : Paytm parent One 97 Communications Ltd’s stock rose 8% on Wednesday. While the September quarter (Q2FY25) earnings had a few positives, such as improved traction in merchant loan disbursals and visible cost control efforts, much of this exuberance stemmed from the company receiving the National Payments Corporation of India’s (NPCI)…
Source: Business Standard Credit Card, Shopping(Photo: Shutterstock) 3 min read Last Updated : Oct 11 2024 | 11:00 AM IST In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cards—an 11 per cent jump from the previous year, according to…
Source: Live Mint The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 12:40 PM IST The Reserve Bank of India on Wednesday announced revised limits for popular digital payment solution Unified Payment Interface (UPI) from existing Rs 2,000 to Rs 5,000. Das, while announcing the Monetary Policy Committee’s (MPC) decision not to change…
Source: Live Mint Governor Shaktikanta Das announced today that the Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time. The per-transaction limit for UPI 1 2 3 Pay has been increased to ₹10,000 from ₹5,000. Additionally, the UPI Lite wallet limit has been raised from ₹2,000 to…
Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 9:48 AM IST Market regulator Securities and Exchange Board of India (Sebi) has introduced new requirements for qualified stock brokers (QSBs) to offer either a UPI-based block mechanism or a three-in-one trading account facility to their clients from 1 February, 2025….
Source: Business Standard The NPIL, carved out of the NPCI to promote the adoption of India’s payment systems overseas. (Photo: Shutterstock) 1 min read Last Updated : Sep 27 2024 | 12:40 PM IST The overseas arm of India’s National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and…
