The FinTech Hub
Source: Live Mint Reserve Bank of India (RBI) Governor Shaktikanta Das, during the Monetary Policy Committee (MPC) meeting announcement on December 6, said the bank’s facility of providing credit lines through Unified Payments Interface (UPI) will now be expanded. Das said that while the facility started with commercial banks, it will now be expanded to…
Source: Live Mint Floater credit cards or supplementary credit cards can be quite useful for meeting the financial requirements of a family. A floater credit card is an additional credit card that shares the credit limit with the primary card. These cards can be given to a family member, say a spouse. Virtual credit cards…
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 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…
