As per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
The agreement will enable users of both systems to conduct instant, cost-effective fund transfers between India and Nepal.
India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to connect Europe with India through parts of the Middle East by sea and rail, an ambitious plan backed by the US and the European Union.
Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe joined Modi at the virtual ceremony. The launch of the Indian services in Sri Lanka and Mauritius came amid New Delhi's increasing bilateral economic ties with the two countries.
The BHIM payments app is offering cashback deals of up to Rs 750 for users who fulfil certain transaction criteria, including dining out, travelling, and linking their Rupay credit card, valid until March 31, 2024.
Since the Reserve Bank of India's directive, reportedly, there has been a surge in downloads of competitor apps, such as PhonePe and BHIM, while Paytm's downloads have declined.
The failed payment issue has persisted for several hours (3-4 hours now) and the users are expressing frustration on the micro-blogging platform, tagging several banks like HDFC, Kotak Mahindra, and more.
Paytm is actively collaborating with other banks to implement necessary changes in the backend for the continuity of its services.
The RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
Eiffel Tower is the first merchant to offer UPI payments in France, and the service will soon be extended to other merchants in the tourism and retail space across France and Europe.
The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
PM Narendra Modi and Sri Lankan President Ranil Wickremesinghe signed an agreement in 2023 on Unified Payments Interface acceptance in Sri Lanka during Wickremesinghe's two-day visit to India.
The Reserve Bank of India (RBI) has also raised the UPI transaction limit for hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh. The RBI also plans the nationwide introduction of UPI ATMs, allowing cash withdrawal by scanning a QR code.
NPCI has set a deadline of December 31 to deactivate inactive UPI IDs, urging users to check and update their linked mobile numbers to prevent unintended fund transfers and enhance digital payment security.
At present, a user can send up to Rs 5,000 within a 24-hour period after creating a new UPI account. Once the account is activated, NEFT users have the flexibility to transact a maximum amount of Rs 50,000 within the span of 24 hours, whether in a single transaction or through multiple instalments.
PM Modi said that UPI payments have increased in the past months and urged people to only make UPI payments for the upcoming month and share their experience.
At these KIOSK centres, foreign guests have to make payments as per their requirement, after which the bank creates a PPI which is a ‘Prepaid Instrument Wallet’ on their smartphones.
Google Pay comes with advanced fraud prevention technology for secured payments and helps to safeguard users with real-time recognition of sceptical transactions. Here's how you can make a secured payment experience from your device.
Marles, who witnessed the historic India-Australia Cricket World Cup in Narendra Modi Stadium in Ahemadabad, was joined by the 14-18-year-old young cricket players on the stadium premises. Also, he relished several street foods and paid the payment digitally via UPI method.
The National Payments Corporation of India (NPCI) has instructed apps like Google Pay, Paytm, and PhonePe to deactivate inactive UPI IDs and numbers by December 31.
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