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  RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines

  Business | December 04, 2024 21:50 IST

  As per the new regulations, the RBI said the offline framework has been updated and the enhanced limits for UPI Lite shall be Rs 1,000 per transaction, with Rs 5,000 being the total limit at any point in time.

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  76% Indians prefer to make payments through UPI: Know-why

  Technology | November 01, 2022 12:24 IST

  As per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.

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  UPI to remain free, govt won't levy any charges for services: Finance Ministry

  Business | August 21, 2022 21:36 IST

  UPI to remain free: In a tweet, the finance ministry said: "UPI is a digital public good with immense convenience for the public and productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services."

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  RBI changes rules on ATM withdrawals & online transactions, check out

  Business | October 12, 2019 22:37 IST

  The Reserve Bank of India has stepped in to provide relief to the customers. The new guidelines released by the RBI have defined the new turnaround time for such failed transactions.

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  Do you use Master or Visa card? Then this news is for you

  Fyi | July 10, 2019 15:33 IST

  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.

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  Govt to amend laws to protect online shoppers from frauds

  December 13, 2014 10:58 IST

  New Delhi: The government has initiated the process to amend the Consumer Protection Act to safeguard buyers from online frauds in e-commerce, Parliament was informed on Friday."Keeping in view the increased number of online fraud/cheating