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UPI transaction value crosses Rs 2 lakh crore in December

Saturday, January 4, 2020, 11:02 AM

The value of transactions made using the Unified Payments Interface (UPI) channel crossed Rs 2 lakh crore in December after falling marginally month-on-month in November. The UPI recorded 1.3 billion transactions in December worth Rs 2.02 lakh crore, up from 1.22 billion transactions worth Rs 1.89 lakh crore in the previous month.
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No MDR charges applicable on payment via RuPay, UPI from Jan 1: Sitharaman

Sunday, December 29, 2019, 4:01 PM

Finance Minister Nirmala Sitharaman said that from 1 January, 2020, businesses with annual turnover of more than Rs.50 crore will have to offer low cost digital payment options to customers and MDR will not be levied on either customers or merchants. Low cost digital payment modes will include options such as BHIM UPI, UPI QR Code, Aadhaar Pay, Debit Cards, NEFT, RTGS, among others.
 
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Google Pay wants to teach you how to avoid UPI fraudsters

Tuesday, December 24, 2019, 11:50 AM

Google Pay, a dominant player in the United Payments Interface (UPI)-based payments space, has come out with an advisory, detailing ways in which users can avoid being subject to fraud on the platform. Google Pay has urged users to keep their UPI PIN a secret, download only trusted apps, and use the payment app to reach customer care.

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