Tata Neu Launched- All you need to know
Technology | April 07, 2022 18:03 ISTTata Group has recently launched its new ‘Tata Neu’ super app which will act as a payment solution for Indian users. Here is all you need to know.
Tata Group has recently launched its new ‘Tata Neu’ super app which will act as a payment solution for Indian users. Here is all you need to know.
The share of UPI in total retail payments in the country stood at 60% in 2021-22. The use of UPI has benefited the common man as well as the shopkeepers.
Tata Group is seeking clearance from the National Payments Corporation of India (NCPI) to offer its own United Payments Interface (UPI)-based digital payments service in the country.
NPCI has joined hands with GPS and Manam Infotech to provide UPI services in Nepal. While GPS is the authorised payment system operator, Manam Infotech will deploy UPI.
PayNow is the fast payment system of Singapore which enables peer-to-peer funds transfer service.
The services will be affected from 22:45 hours on May 21 and 01:15 hours on May 22 and between 02:40 hours and 06:10 hours on May 23.
The top scamsters are from Patna, Chandigarh, Kolkata and Meerut for one of the top payment apps (at 15 per cent) and most QR Code scams originate from Assam, accounting for 20 per cent of the total distribution.
Several interlocutory applications have been filed in the plea which also seek direction for framing regulation to ensure that data collected on UPI platforms is not “exploited” or used in any manner other than for processing payments.
UPI users should avoid making transactions during the time specified by the NPCI.
DakPay digital payments app has been launched by India Post for Android users. Here's how you can download and start using the UPI based payments app.
Last week, Google had announced that it is launching a redesigned Google Pay app next year on Android and iOS, starting with the US, and that users will not be able to use the service on a web browser.
WhatsApp Payments is available in 10 Indian languages for both Android and iOS users as part of the latest app version.
The announcement by NPCI came minutes after it limited a single third party like WhatsApp or its rivals like Google Pay or Walmart's PhonePe to handle only 30 per cent of overall UPI transaction volumes by putting a cap.
KhaaliJeb is a UPI-based payments app with student discounts. Here’s a look at this app for youth
According to the CBDT, it received some representations which revealed that a few banks are imposing and collecting charges on transactions carried out through UPI. A certain number of transactions were allowed free by these banks beyond which every transaction bears a charge, the CBDT noted.
Google Pay is among the ones that are widely used to complete digital payment transactions. Here's a list of all the banks that Google Pay supports with their UPI transaction limit and UPI daily limit for digital transactions.
The report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good.
To take highly popular Unified Payments Interface (UPI), RuPay to more countries, the National Payments Corporation of India (NPCI) has announced the launch of a subsidiary for its international growth ambitions.
The previous high was 134 crore (1.34 billion) transactions in the preceding month of June, while the value of transactions was Rs 2.61 lakh crore, as per the data from the National Payments Corporation of India (NPCI).
WhatsApp may soon launch its payment services in India after National Payments Corporation of India (NPCI) informed the Reserve Bank of India that the Facebook owned messaging platform has met data localisation requirement.
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