Sebi has given more time for implementation of guidelines pertaining to SMS alerts under the UPI system for shares applied and allotted during an IPO.
The customers of India’s largest lender SBI will not be able to use internet banking, YONO, YONO Lite, and UPI services on May 7.
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.
SBI's website, UPI, YONO and other digital services are down due to maintenance activities.
Paytm Payments Bank (PPBL) has also entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money has the aim to bring 10 million Indians to equity markets by the financial year 2022.
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.
During 'Partnering for Digital India' with RIL Chairman and MD Mukesh Ambani, Facebook CEO Mark Zuckerberg said that WhatsApp Pay launched in UPI system and 140 banks facilitated launch of WhatsApp Pay.
BharatPe on Tuesday said that it has become the third-largest player in the merchant UPI payment acceptance space.
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.
Paytm, in a blog post, stated that Google mandated it to remove the UPI cashback and scratch cards campaign to get re-listed on the Android Play Store even though offering both is legal in India.
Fintech major Paytm on Monday said it has brought back ''Paytm Cricket League'' with UPI cashback and scratch cards on its platform, weeks after these features were removed after Google briefly blocked the app on Play store for policy violation.
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.
The Central Board of Direct Taxes (CBDT) on August 30 asked banks to refund any charges they collected after January 1 on transactions made through electronic means. According to a circular, this comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI.
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.
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