As per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.
UPI to remain free: In a tweet, the finance ministry said: "UPI is a digital public good with immense convenience for the public and productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services."
The Reserve Bank of India has stepped in to provide relief to the customers. The new guidelines released by the RBI have defined the new turnaround time for such failed transactions.
If you MasterCard or Visa card users then your problems are going to increase in coming days. The government has exempted bank charges on E-payments for the business with an annual turnover of Rs 50 crore. Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech on July 5 made this announcement in Parliament.
New Delhi: The government has initiated the process to amend the Consumer Protection Act to safeguard buyers from online frauds in e-commerce, Parliament was informed on Friday."Keeping in view the increased number of online fraud/cheating
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