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digital payments News
Zero fee, no hidden charge on UPI payments to merchants! Encouraging MSMEs, small businesses to adopt digital payments
Mon, Jan 18, 2021
It is a big encouragement for MSMEs, small businesses to adopt digital payments!
Digital India: Tremendous growth! Top reasons why e-commerce and digital payments is a winning duo
Sun, Jan 03, 2021
COVID-19 is undoubtedly driving a significant share of the current e-commerce transactions through digital payments, preparing consumers for a permanent shift.
B2B Payments, Invoicing: Higher returns for buyers and secure working capital for suppliers - Here is how
Thu, Dec 24, 2020
The marketplace has been built to ensure both parties get paid before the due date thereby ensuring there is liquidity in the supply chain ecosystem.
RuPay cardholders alert! New features are here - Check how they will benefit you
Wed, Dec 16, 2020
NPCI has also introduced RuPay Contactless (Offline) feature for retail payments on pilot basis.
DakPay: Transforming banking experience! India Post Payments Bank launches new digital payments' services - Check features
Tue, Dec 15, 2020
The app is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India.
Paying electricity bills digitally? Here is what power consumers should know
Mon, Nov 23, 2020
Digital payments platform PhonePe on Monday announced that it has onboarded all the 73 electricity boards (both public and private sector) across 28 states and 8 union territories in the country.
Paytm users alert! Now, you have to pay 2 per cent fee for adding money to wallet from this method
Sun, Oct 18, 2020
It's an important news for you if you use Paytm and add money to e-wallet using a credit card.
Kotak Mahindra Bank Debit Cards, Credit Cards users alert! Update on making payments, bills - No sharing of card details
Wed, Oct 14, 2020
Kotak Mahindra Bank on Wednesday announced that its VISA debit and credit cardholders can now make payments via the Google Pay mobile app.
Digital payments soar manifold in 5 years to FY20: RBI
Sun, Oct 11, 2020
Concerted efforts by the Reserve Bank to move to a non/less-cash economy by pushing digital payments have begun to pay rich dividends as the volume of such payments has jumped manifold in the past five years, the latest data from the central bank showed.
Did your bank deduct charges for BHIM-UPI or RuPay Cards transactions? You will get refund - Here is why
Mon, Aug 31, 2020
If any bank has deducted charges for your UPI, UPI QR Code or RuPay Cards transactions, then the bank will have to refund it.
Mswipe launches Bank Box for MSMEs - Check benefits for micro, small and medium businesses and merchants
Sun, Aug 16, 2020
As per Mswipe, Bank Box is a digital acceptance and payment solution designed to meet the cost-centric needs of MSMEs and merchants, as well as provide for a seamlessly integrated experience.
New RBI scheme to encourage digital payments even in places without internet - All you need to know
Thu, Aug 06, 2020
With an aim to encourage customers to go for digital transactions even in those places that lack internet connectivity, the Reserve Bank of India (RBI) on Thursday announced a scheme on a pilot basis for offline retail payments using cards and mobile devices.
Solving merchant, business problems! BharatPe launches BharatX; interns to get Rs 1 lakh/month
Sun, Jun 28, 2020
With an aim for development and experimentation of radical ideas to solve the next set of merchant and business problems with innovative product solutions, BharatPe has announced the launch of BharatX.
With currency bills carrying virus risk, contactless payments catalyzing economic growth
Wed, Jun 17, 2020
Coronavirus pandemic is going to change how business is done, how we trade, how we work, how we produce goods, how we learn, how we seek medical services and how we entertain ourselves; and technology will hold the answer to these questions
What to Expect from Digital Payments Mode in India in 2020
Thu, Apr 23, 2020
The digital payment mode in India witnessed a tremendous shift in last decade with e-Wallets and Online transactions dominating the business industry. According to an internal study of Reserve Bank of India, the country is next only to China in terms of cash.
Hefty fine for not using digital payments by Jan 31, 2020
Tue, Dec 31, 2019
RuPay and UPI are among the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). The MDR is the percentage of the digital transaction that a merchant pays to banks. This cost is most often passed on to the customers.
No MDR charges for transactions done using RuPay, UPI
Sat, Dec 28, 2019
Nirmala Sitharaman has said that from January 1, 2020 the companies with an annual turnover of ₹50 crores or more will have to provide the facility of payment through RuPay Debit card and UPI to their customers and MDR charges will be applicable. #ZeeBusiness #NirmalaSitharaman
Explained - With big push and support from Modi government, how digital payments are flourishing in India
Thu, Nov 14, 2019
Right from the time PM Narendra Modi came to power at the Centre after securing a landslide victory in 2014 Lok Sabha Elections, there has been a huge emphasis on 'Digital India' movement.
Good News! No charges on payments to large companies from November 1
Sun, Oct 20, 2019
Customers who make payments through digital mode have a piece of good news, from November 1, 2019, they will not have to pay any charges on this mode of transactions made to establishments with turnover in excess of Rs 50 crore.
Boost for digital payments! NPCI rationalises merchant discount rate for RuPay Debit Card
Sat, Sep 14, 2019
According to the NPCI notification, MDR has been revised to 0.60% for transaction above Rs 2,000 with a maximum cap of Rs 150 per transaction.