September 05, 2019 08:03 PM IST In terms of volume, UPI-based transactions increased to 5,353 million in 2018-19 from 915.2 million, a jump of 83 percent in a year, according to the data.
September 05, 2019 12:53 PM IST Limiting the number of daily transactions by a customer can be a possible option, a media report said.
August 08, 2019 01:10 PM IST Google Pay, PhonePe clock 300 mn transactions each in July, get 35 per cent market share each; one-time leader Paytm lags at 16 per cent
July 30, 2019 10:32 PM IST Truecaller apologised for failing to deliver quality standard in the app and said it has discontinued the version which was hit by the bug but 'for the users already affected, the new version with the fix will be available shortly'.
June 28, 2019 08:15 PM IST In November, the regulator said it would launch UPI as an alternative payment option for retail investors to buy shares in a public issue in a phased manner from January 1, 2019, a move that will cut listing time for an IPO to three days from six.
June 27, 2019 02:11 PM IST RBI norms require global payments services companies to store their data within India.
June 26, 2019 07:00 PM IST If one fails to declare such ‘income’ in the ITR, it could lead to reassessment under Section 147 of the Income Tax Act.
June 24, 2019 10:32 AM IST The RBI and commerce ministry together with tax authorities and technology experts must define the data localisation issue.
June 20, 2019 03:43 PM IST The new regime must be one that can hold all entities to a common standard of institutional conduct in how they deal with the individual customer, including how they sell products.
June 14, 2019 09:21 AM IST Raise the issue with the bank and UPI app developing company and also file a written complaint with the nearest police station
June 06, 2019 05:05 PM IST Google Pay swept past other UPI platforms in India, clocking over 240 million transactions, 10 million more than its nearest competitor PhonePe
June 03, 2019 04:11 PM IST The number of banks on UPI in May also fell to 143 compared to April's 144.
May 13, 2019 03:02 PM IST India plans to make QR code-based payment mandatory in all shops.
May 10, 2019 10:53 AM IST Google wants to add payment methods on its app and increase the number of places where Google Pay is accepted.
April 29, 2019 11:25 AM IST Amazon's rivals Paytm, Google Pay, and PhonePe have already enabled P2P transactions on their platform
April 04, 2019 06:15 PM IST The Reserve Bank of India proposes to put in place a framework on turnaround time for the resolution of customer complaints and compensation framework across all authorised payment systems by the end of June 2019.
February 27, 2019 03:38 PM IST The cost of physical KYC is very high and cumbersome. The government must permit e-wallets to access CKYCR.
January 23, 2019 11:37 AM IST RBI wants to encourage competition and innovation in the fast-growing sector and is seeking to invite more players into the industry by relaxing entry and other regulations
November 08, 2018 07:15 PM IST Internet connectivity and data cost are no longer issues, trust in electronic systems and lack of accountability in digital systems is often cited as a hindrance to mass use.
October 18, 2018 07:33 PM IST However, most experts believe that competition between local and foreign players will benefit Indian users
August 16, 2018 04:40 PM IST The new version includes features like one-time mandate, invoice in the inbox and signed intent and QR, apart from overdraft facility.
August 16, 2018 02:50 PM IST This payment solution will enable members, especially kiranas/resellers, who shop online at Walmart India's B2B e-commerce site www.bestprice.in, to make direct and secured payments online.
August 06, 2018 12:39 PM IST The biggest beneficiaries of interoperability will be the wallet users, who will not have to specifically look for merchants who accept a certain wallet
July 10, 2018 09:37 PM IST The new version of UPI, which is coming after a long delay, is likely to come with new features
July 09, 2018 12:43 PM IST Since January 2018, Paytm has processed over 400 million Bhim UPI transactions
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