Tag: digital payments
India’s digital public infrastructure among world’s 10 most effective reforms: Report
New Delhi: India’s Digital Public Infrastructure (DPI) has emerged as one of the world’s 10 highly effective structural reforms, supported by the wide reach of…
Your Money: How small UPI spends can wreck your budget
Eighty six percent of UPI, person to merchant (P2M), transactions are below ₹500. Over the last decade, slowly but surely, our expenses have gotten invisible….
‘Everything on record’: Parliamentary Finance panel chief defends unanimous Standing Committee report amid UPI MDR row
New Delhi [India]: Parliamentary Standing Committee on Finance chairman and BJP MP Bhartruhari Mahtab on Saturday defended the committee’s report on the Demands for Grants…
UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit
The new merchant discount rate (MDR) on UPI payments above Rs 2,000 will attract 18% Goods and Services Tax (GST), but eligible merchants can claim…
Credit, savings, insurance next frontiers in financial services: RBI DG
Having made digital payments a common occurance, the next challenge for the financial ecosystem is to extend that same ordinariness to credit, savings and insurance,…
WhatsApp launches bill payments in India: How to pay electricity, gas, water bills on messaging app
WhatsApp has launched bill payments in India to make it easier for users to find, manage and pay their everyday household and utility bills on…
India’s payments system is ten. It must start paying for itself
IT SITS ATOP coconuts on Mumbai beach carts, alongside samosas in Delhi snack shops and among Navy Cuts at Kolkata cigarette stalls. It is displayed…
Vulcan understands the language of money: Harshil Mathur on Razorpay’s AI push
Even as India’s digital payments infrastructure handles close to 23 billion UPI transactions and around 590 million credit card payments every month, Indian payments company…
Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments
The Lok Sabha on Thursday passed amendments to the Payment and Settlement Systems (PSS) Act, 2007, paving the way for the Centre to allow banks…
Payments bill revives hopes of MDR return on large-ticket UPI transactions
The government’s proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI…