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 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.
The new plans offered by BHIM App will allow customers to get up to Rs 750 cashback every month, while merchants can get cashback up to Rs 1000 per month.
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.
Speaking at India TV’s special show on mobile hacking, Saket Modi said that data of banking apps are purely encrypted, therefore it is not possible for any hacker to access any data.
Despite having recorded more than 1.90 crore downloads so far, indigenous digital payments app BHIM, which was launched by the Centre last December, has failed to translate these downloads into active usage.
Terming the launch of 104 satellites by ISRO in one go as a shining example of India’s pride, PM Modi said the historic achievement has become a marvel for the entire world.
In a noteworthy step towards simplifying digital transactions, Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app. “Nearly 125 lakh people
The users of BHIM (Bharat Interface for Money) mobile application that was launched to simplify digital transactions are facing several "teething problems" that need to be rectified for it to be truly effective. Indigenous digital
Launched to simplify digital transactions, mobile application BHIM (Bharat Interface for Money) has been downloaded 10 million times till now, Prime Minister Narendra Modi disclosed today. What makes this feat even more commendable is the
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.
The e-payments application launched by the government has raced to the top of the charts less than two days since it was launched.
Prime Minister Narendra Modi on Friday launched an Aadhaar-based mobile payment application called BHIM (Bharat Interface for Money)
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