Monday, June 9, 2025

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UPI

UPI rules, ATM withdrawals, Credit Cards, EPFO, Aadhaar updates etc: Here are the key changes set to kick in from June 1

The Employees' Provident Fund Organisation (EPFO) is likely to introduce the EPFO 3.0 system from 1st June.

Government considering 18% GST on UPI payments over ₹2000? Here is the fact behind the baseless claim

A false claim is made by some media houses and social media users that the Union government has proposed imposing GST on UPI transactions

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

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.

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

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

Spanish PM Sanchez uses UPI transaction to buy Ganesh statue in Mumbai

Spanish Prime Minister Pedro Sanchez on Tuesday had firsthand experience of India's digital payment transactions when he used the Unified Payments Interface (UPI) transaction to buy a Ganesh statue in Mumbai.

How Fintech is streamlining transactions in Real Money games

Digital payment has been a key contributor to the success of real-money games.

India leads the world in mobile wallet payments with 90.8 percent adoption in 2023

This achievement underscores India's rapid advancement in digital payment solutions, surpassing other nations in mobile wallet adoption.The report suggests that the trend of increasing mobile wallet usage is also evident across the Asia-Pacific (APAC) region.

PhonePe launches UPI services in Sri Lanka in collaboration with LankaPay, Indians can pay using UPI at LankaQR merchant points

India's fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka.

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.

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

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

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