UPI

The UPI guidelines will not impact routine payments, but they will aid in decreasing delays and failed transactions.

Bengaluru traders will stage a city-wide bandh on July 25th protesting GST notices.* Tax authorities targeted thousands of small businesses whose UPI transactions exceeded GST registration thresholds (₹40L/₹20L). Traders argue the notices penalise them unfairly, mixing personal transfers with low actual sales. Fearing harassment and ruin, many have abandoned UPI, ironically reversing India's digital payment drive.

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

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

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.

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

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.

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

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.