How 16.73 billion UPI transactions killed the ubiquitous toffee business | Mint

How 16.73 billion UPI transactions killed the ubiquitous toffee business | Mint

Source: Live Mint India’s Unified Payments Interface (UPI) transactions rose to 16.73 billion for the month of December 2024, according to data collected from the National Payments Corporation of India (NPCI) website. This rise is killing the nation’s Toffee or candy business. The transactions rose 8 per cent month-on-month (MoM) to its December level, when…

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NEFT, RTGS update: RBI introduces name lookup facility to verify beneficiaries | Know details | Mint

NEFT, RTGS update: RBI introduces name lookup facility to verify beneficiaries | Know details | Mint

Source: Live Mint NEFT, RTGS update: The Reserve Bank of India (RBI) will introduce the beneficiary account name look-up facility for the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System. The proposed facility will help rectify instances where the remitters transferred funds to the wrong beneficiary, thereby reducing the number…

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2025 Personal Finance Updates: Key changes to know and plan ahead; visa, credit card, EPFO, fixed deposits, UPI, more | Mint

2025 Personal Finance Updates: Key changes to know and plan ahead; visa, credit card, EPFO, fixed deposits, UPI, more | Mint

Source: Live Mint New Year 2025 is just around the corner, and it brings more than just resolutions: it is a chance to realign our financial goals for the year. Planning finances for the new year will require awareness of key changes in 2025, including fixed deposit rules, credit card benefits, visa regulations, etc.  Being…

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Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility | Mint

Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility | Mint

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…

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