With UPI frauds on the rise, here are some tips you should keep in mind to avoid getting into scams on apps like Google Pay, PhonePe, Paytm and more.
A man loses Rs 1 lakh while trying to sell his furniture on Facebook. Here's what happened.
Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till January 31 for not installing the system.
In a bid to promote digital payments, Finance Minister Nirmala Sitharaman on Saturday said no MDR charges will be applicable on transactions through homegrown RuPay and UPI platforms beginning January 1, 2020.
National Payments Corporation of India, NPCI on Thursday announced NETC FASTag recharge option through BHIP UPI App for its customer. NPCI said that customers can recharge FASTags through any BHIM UPI enabled mobile app.
The UPI platform was launched before demonetisation in 2016 and has taken digital payment to a new height. Users across the globe can transfer money online without entering their bank account number.
Attention UPI e-wallet users: The National Payments Corporation of India is set to roll out new guidelines for digital payments in India. For people who use UPI e-wallets like Google Pay and PhonePe among others will be impacted as government moves to bring in more security features in digital payments.
UPI apps user alert: Amid ongoing online banking or UPI-related scams, India's one of the largest private lender, ICICI Bank has issued an advisory for its customer. ICICI bank has warned all online banking users, especially those who use UPI apps-- Google Pay, PhonePe, Paytm, to be very cautious of frauds, in the wake of UPI-related scams.
BHIM UPI Charges: In a move to boost digital payments in small and large merchants' transactions across the country, National Payments Corporation of India (NPCI) has revised BHIM UPI charges for large ticket transactions.
The affected users received an SMS from ICICI Bank -- starting from late Monday evening till morning hours on Tuesday -- saying "your registration for UPI app has started. If it was not you, report now to your bank. Do not share card details/OTP/CVV with anyone to avoid financial loss".
Online banking has reduced customers tensions for basic transactions and allow individuals to conduct financial transactions on a finger tip via the Internet. However, along with a bunch of ease, online banking comes with risk and fraud threat. Here are 7 online banking tips you must follow to avoid fraud
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.
The real-time bank-to-bank payment system on mobile platform UPI registered 312.02 million transactions in August, up by 32 per cent in July.
There will be an official announcement when the feature finally goes live in India
Google's Caesar Sengupta said that Tez accounted for 70% of transactions on BHIM UPIin Oct-Nov period.
The move by Paytm is expected to provide a big boost to the government-backed UPI payments interface.
Transactions through UPI have more than doubled in October to 76.9 million from 30.8 million in September, NPCI said on Wednesday.
Tech giant Google on Monday joined the bandwagon of Unified Payment Interface (UPI)-based payment apps with its Android-powered ‘Tez’ app
Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform
WhatsApp will soon facilitate instant money transfer via the Unified Payments Interface (UPI) transaction system, shows a new Beta update by the Facebook-owned mobile messaging platform
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