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The use of Unified Payments Interface (UPI) has increased rapidly in the last few years in the country. The central government is not considering re -implementing the merchant discount rate (MDR) on these transactions. The Finance Ministry has given this information. The ministry has said that UPI will remain a low cost platform for the…
There is an important news for crores of users using UPI. NPCI (National Payments Corporation of India) has released new guidelines regarding UPI services which will be applicable from 1 August 2025. Under these rules, a limit will now be installed on certain services so that the load of traffic on the system is under…
An important update has emerged for UPI users. The NPCI (National Payment Corporation of India) has decided to implement a new rule, under which since 30 June 2025, whenever users send money from UPI, the receiver’s real name registered in the bank will be seen on screen before making payment. This change is being brought…
There was a big outage in the UPI service held on 12 April, which disturbed people across the country for a few hours. Now, the National Payments Corporation of India (NPCI) has shared its investigation report regarding this outage. According to the report, the reason for the outage was to send excess “Check Transaction” request…
The new rules of Fastag have come into force from today. The National Payments Corporation of India (NPCI) said in a circular on 28 January that Fastag payment will now be verified within a fixed time since the tag scan on the toll plaza. Let us know about these rules of Fastag. Fastag is an…
The popularity of Unified Payments Interface (UPI) has increased rapidly over the years. Consciousness fees will have to be paid on paying the bill through credit and debit cards on Google Pay, which provides UPI payments facilities. Earlier, there was a service of three rupees for mobile recharge on Google Pay. A media Report According…
Payments from mobile have increased rapidly in the last few years in the country. In the second half of the previous year, the value of transactions was increased to Rs 198 lakh crore with the use of mobile phones. This is an increase of about 30 percent on a year-on-year basis. It has an increased…
There will be a big change for UPI users soon. According to a media report, National Payments Corporation of India (NPCI) has started the process of removing the ‘Collect Payments’ features. This step is being taken in view of the increasing incidence of fraud. With this change, now only large and verified merchants will get…
NPCI has issued new instructions to increase the security and efficiency of UPI transactions, which will be applicable from 1 April 2025. Under these guidelines, bank and payment service providers (PSP) will have to update their data every week through the Mobile Number Revolution List (MNRL) and Digital Intelligence Platform (DIP). Below we are giving…
The National Payments Corporation of India (NPCI) has launched a new upgrade BHIM 3.0 of the BHIM app, which includes many new features to make the management easier and improve users experience. The BHIM 3.0 rollout will be in several phases, which is expected to be fully available by April 2025. Let us know about…
