UPI transactions News

Indian Payments Council Urges PM Modi for MDR on UPI and RuPay to Sustain Digital Growth

The Payments Council of India has requested PM Modi to introduce MDR on UPI transactions and RuPay debit cards, proposing a 0.3% fee for large merchants to sustain digital payment ...

RBI Expands Digital Payment Horizons: UPI Transactions Now Via Third-Party Apps

The Reserve Bank of India (RBI) has announced a groundbreaking initiative allowing PPI users to conduct UPI transactions via third-party apps, enhancing digital payment flexibility...

October Sees a 14% Drop in Indian Forex Spending Amid Surge in Domestic Digital Payments

Indian Forex spending dropped by 14% in October, totaling $2.4 billion, as domestic digital payments surged. Despite a festive season peak, November saw a decline in all transactio...