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UPI transactions News
Banks asked to refund charges collected on UPI transactions
Mon, Aug 31, 2020
"Such practice on part of banks is a breach of section 10A of the PSS Act as well as section 269SU of the IT Act. Such breach attracts penal provisions under section 271DB of the IT Act as well as section 26 of the PSS Act," the circular said.
Transaction charges: Which is the cheapest mode of money transfer between UPI, IMPS and NEFT?
Thu, Jun 08, 2017
UPI distinguished itself from other digital payment mode because of its no charges from banks, one-touch.
Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions
Mon, Jan 23, 2017
Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.
PhonePe urges ICICI Bank to give reasons for blocking transactions
Tue, Jan 17, 2017
In August, Flipkart's PhonePe subsidiary had partnered with Yes Bank to introduce unified payment interface (UPI) based mobile payments app.