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UPI

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
News Reports

Apple adopts UPI for payments and subscriptions for India market, will no longer use credit and debit cards

OpIndia Staff -
In a recent communication with Apple products users, the company has asked them to shift to UPI or Net Banking for payments.
News Reports

RBI announces 123PAY: A UPI-based payment system for feature phone users

Anurag -
123PAY is aimed to fill the gap in digital payment system and include 40 crore feature phones in the digital banking ecosystem.
News Reports

After Visa complained to US govt about Indian govt promoting RuPay, Modi govt announces incentive scheme for RuPay and BHIM-UPI

OpIndia Staff -
Union govt will spend around ₹1300 crore in the current financial year to incentivize RuPay and BHIM-UPI payments in the country
News Reports

PM Modi to launch e-RUPI on Monday: All you need to know about the new e-Voucher based digital payment instrument

OpIndia Staff -
e-RUPI will revolutionise delivery of welfare services such as nutritional support, TB eradication, drugs and diagnostics, fertiliser subsidies etc
OpIndia Explains

India Post Payments Bank launches digital payment service DakPay, here is a comprehensive guide on how to use it

Anurag -
DakPay app comes with a suite of digital financial and assisted banking services offered by India post and IPPB using the postal network
Fact-Check

Will UPI transaction be more expensive in 2021? Here are the facts

OpIndia Staff -
In a report, Amar Ujala had claimed that UPI transaction will get expensive from January 1 as the Union government has decided to charge more.
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.
Economy and Finance

Demonetisation: Step that kick started the digitisation process and formalised a large chunk of the Economy

Guest Author -
The truth of the matter is that if India had to leapfrog into the 4th Industrial Revolution as it is doing today, then the journey would not have been possible without the kickstart of demonetization.
Economy and Finance

Two years post Demonetisation, a journey towards new India has begun

Ashutosh Muglikar -
Demonetisation was an important step in building a culture where tax compliance is a habit. Demonetisation and GST are heralding the New India.
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