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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…
Source: Business Standard 2 min read Last Updated : Sep 26 2024 | 5:44 PM IST The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification. …
Source: Live Mint Capital markets regulator Securities and Exchange Board of India (Sebi) has directed that all individual investors applying for public issues of debt securities through intermediaries for amounts up to ₹5 lakh should only use UPI for blocking the required funds. The investors should provide a bank account-linked UPI ID in the bid-cum-application…
Source: Business Standard SEBI(Photo: Shutterstock) 3 min read Last Updated : Sep 25 2024 | 9:30 AM IST The Securities and Exchange Board of India (SEBI) has introduced new guidelines to streamline the application process for public issues of debt securities. Retail investors applying for public issues of debt securities through stock brokers for…
Source: Business Standard 2 min read Last Updated : Sep 24 2024 | 8:24 PM IST To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds. Further,…
Source: Business Standard UPI | (Photo: Shutterstock) 2 min read Last Updated : Sep 24 2024 | 6:11 PM IST India is in talks with countries in Africa and South America to help them build a digital payments system using its homegrown Unified Payments Interface (UPI) as a blueprint and expects two launches by…
