Wednesday, March 19, 2025

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BHIM-UPI

News Reports

Union Cabinet approves incentive scheme for promotion of low-value UPI transactions among small merchants

ANI -
The Union Cabinet chaired by PM Narendra Modi on Wednesday approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25.
News Reports

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000, per transaction limit increased to ₹1,000

ANI -
The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.
News Reports

RBI and Nepal’s central bank sign Terms of Reference for integration of UPI with National Payments Interface (NPI) of Nepal

ANI -
Reserve Bank of India and Nepal Rastra Bank signed and exchanged Terms of Reference for integration of Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal
News Reports

UPI to be launched in Sri Lanka and Mauritius by PM Modi, president Wickremesinghe and PM Jugnauth, RuPay card too be inaugurated in Mauritius

ANI -
PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.
News Reports

‘No consideration to levy charges on UPI services’: Clarifies Finance Ministry, says cost of service providers will be recovered through other means

OpIndia Staff -
Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration
Government and Policy

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

OpIndia Staff -
Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.
Government and Policy

Modi ministers in five years – Finance and Corporate Affairs minister Arun Jaitley

Keshav -
A brief look at the achievements and initiatives of Finance and Corporate Affairs Minister Arun Jaitley
Government and Policy

UPI saw the highest number of transactions worth Rs 1 trillion in December 2018, reports NPCI

OpIndia Staff -
In the last year, the monthly UPI transaction volume has gone up by more than 2,000 per cent, according to NPCI data.

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