RBI Governor Shaktikanta Das also proposed creating a public repository of digital lending apps to curb unauthorized players and expressed concerns over the rising disbursals of top-up home loans.
UPI transaction charges: In order to boost revenue for banks and payment service providers, the NPCI has proposed an interchange fee of up to 1.1%.
The National Payments Corporation of India (NPCI) has rationalised merchant discount rates for BHIM UPI transactions to promote digital payments. Merchant discount rates (MDR) for large ticket transactions has been capped at maximum Rs 100 and made zero at offline merchants for transaction up to Rs 100, a statement said on Friday.
Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The charges
With a view to promote digital transactions, the Reserve Bank of India (RBI) is working to reduce the Marginal Discount Charges (MDR) for debit card transactions above Rs 2,000, Parliament was told on Tuesday.
In a bid to promote cashless transactions in the country, the Reserve bank of India (RBI) has given banks the freedom to fix bank service charges for transactions, Minister of State for Finance Santosh Kumar Gangwar said on Friday.
Indigenous digital payments app BHIM has been downloaded 3 million times and enabled over 5 lakh transactions since its launch, Niti Aayog CEO Amitabh Kant has said.
Leading Indian e-wallet firm Paytm today announced that it has expanded its reach to non-internet users by launching a toll free number – 1800-1800-1234 to pay and receive money instantly and also recharge their mobile
In a view to empower a greater push towards a cashless economy, the Unique Identification Authority of India (UIDAI) has planned to increase biometric authentication limit through Aadhaar to 40 crore a day from the
New Delhi: In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 2 lakh, Finance Minister Arun
Mumbai, Jul 22: The Enforcement Directorate (ED) today issued notices to the BCCI and suspended Indian Premier League chairman Lalit Modi in connection with an alleged dubious transaction of Rs 90 crore with International Management
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